Estate Planning
Why do you need Estate Planning?
If someone passes without a proper estate plan, their property is distributed according to the state's plan. Having an estate plan in place means that you get to decide what happens to your assets after you are gone. Without these documents in place, you do not get to decide how your assets are distributed.
Benefits of Hiring an Estate Planning Attorney
Estate planning without a skilled and experienced attorney can affect your family and loved ones in the future. At Cloud Law, we can help assure that your assets are distributed in the way that you decide. We have experience working with estate planning clients in both North and South Carolina.
Common Estate Planning Documents
Will
The most basic form of estate planning. This documents states how your assets will be distributed and who will become your estate’s personal representative.
Trust
used to retain control over your assets throughout your lifetime and protect them from being mismanaged after your death. The major advantage of a trust is to avoid probate administration.
Power of Attorney
Used to ensure that the appropriate parties carry out your wishes and make decisions on your behalf if you become incapacitated.
Living Will
Details how you would like to be medically cared for. The living will can dictate lifesaving measures, organ donation and end of life care.