
A will is an estate planning document that instructs the state or the court how your property is distributed after your death. In other words, who gets what, as in real estate, vehicles, antiques, jewelry, pets, and the money in your checking or savings accounts. An experienced Sawmills wills lawyer can help you draft a legally solid last will and testament that stands up in probate and prevents unnecessary delays.
At the Cody Law Firm, our local Sawmills Wills Attorneys review your assets, debts, real estate holdings, and any financial accounts. We go over with clients who they want to leave assets to and whether any person is prohibited from being a beneficiary. Basically, we draft your will based on your desires. Wills can change. Plan to update your will if you marry, divorce, have a child, get a new pet, or make any other major life changes.
When you create a Will, you are the Testator. The testator names the beneficiaries of their property within the will. Creating a Will document allows you to control what happens to your belongings and property after you die. Minor children and pets can be assigned guardians. When creating a Will document, you also appoint an administrator who, when you die, can file for probate and manage the distribution of your assets.
To be legally valid, a Will document must be created intentionally, when a testator was at full mental capacity, and have been created without pressure from family, friends, or others. A will document must be signed by the testator and by two disinterested witnesses. Testators must be over 18 years of age when the document is signed.
North Carolina Will laws are covered in the state statutes under Chapter 31. For example, North Carolina law defines what type of property passes through a Will. In section § 31-40, a testator can pass all real and personal property through a Will.
If you are a resident of Sawmills, then go to the Caldwell County Clerk of Superior Court located in Lenoir at 216 Main Street NW. You or your attorney can file the will and start the probate process if required.
According to a recent study, only about a quarter of Americans have a will, down from about a third in 2022. About 55% said they have no estate planning documents.
You need more than a simple Last Will & Testament document to create an effective estate plan. You also need a Durable Power of Attorney, Healthcare Power of Attorney, a Living Will, and a HIPAA release. A Will comes into play once you die, but the rest protect you and your assets if you become incapacitated or unable to make your own decisions.
Many Sawmills will attorneys offer clients two estate planning options. The first is the traditional one, which includes a Last Will & Testament, a Durable Power of Attorney, a Healthcare Power of Attorney, a Living Will, and a HIPAA release.
Another option is to create a revocable living trust to hold assets until your death. When you die, management of the trust is handed over to the trustee you designate. At that point, the assets can pass directly to your designated beneficiaries without having to go through the state’s probate process.
When you hire a wills lawyer from the Cody Law Firm, you get an attorney who understands local North Carolina estate laws and the probate process. We can explain the benefits of opting for a traditional will package that includes coverage for you and your assets while you are alive and incapacitated.
We can also help you create a revocable living trust that distributes assets directly to your beneficiaries, without going through probate. Many clients with complex estates, multiple heirs, and significant assets are usually better protected by a revocable living trust. We can gladly walk you through both options and then create legally valid documents for you.
How much it costs to have a lawyer create a Last Will & Testament document in North Carolina depends on the experience of the attorney and how they bill clients. Most attorneys charge flat fees for drafting legal documents, including a will, a durable power of attorney, a healthcare power of attorney, and a living will. Some law firms may charge additional fees by the hour for notary services, printing, or storing an electronic copy.
When a Last Will & Testament is used for an estate plan, it may have to go through probate in Sawmills, North Carolina if it meets certain financial limits. For instance, if the sole heir is a spouse, and the estate is not worth $30,000 or less, it does not have to go through the full probate process. Likewise, an estate with multiple heirs and worth $20,000 or less does not have to go through the full probate process.
Yes, you can create a Last Will & Testament document on your own without hiring a lawyer. Some people use online services or handwrite their will. These are technically legally valid as long as they meet the rest of the legal criteria for a will. However, if your will is contested after your death, these kinds of wills often do not hold up in court. The most effective way to secure your legacy is to work with a qualified attorney.
The common mistakes that make a self-created Last Will & Testament document invalid in North Carolina are improper witness signatures, witnesses that are also beneficiaries of the will, a failure to sign the will by the testator, or failure to follow the guidelines for creating a handwritten (holographic) will. Wills can be invalidated if it’s proven that the will was created and signed when the testator was incapacitated.
The Cody Law Firm is a well-respected group of experienced lawyers familiar with North Carolina estate planning and will laws. Our legal team treats every client’s will case with due diligence and respect. We can help you draft a legally valid will that meets your estate needs. Contact us today to get started.
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