Estate Planning Lawyer James A. Davis has provided Estate Services to Winston-Salem, Forsyth County and all of North Carolina for decades. Many people discount the importance or do not realize the urgency of Estate Planning. However, the truth is that in order to protect your assets and your loved one’s interests after you pass, Estate Planning is a must. Death knows no age, sex, or race; it can happen to anyone at any time, are you protected? Let us help to protect you, call us now for your free consultation.
With everyone’s inevitable passing, most of us leave both personal and real property that we all want to fall into the right hands. Therefore, having a Will is only half the battle, probate is required to follow the instructions as per the decedent’s will. Handling probate can be done by anyone, however, it is tedious, requires an abundance of filing, and is highly regulated by the laws of the State of North Carolina. The loss of a loved one is difficult enough to bear, let us help you with your burden of opening the probate on your loved one’s will.
Our firm provides the following Estate Planning services, call us for your free consultation:
Whether you are 19 or 91 you should be prepared for, “the inevitable”. One never knows when they will pass, and the last thing one would want is for their loved ones who survived them to be inundated with legal process for distributing their assets, but more importantly, handling liabilities.
Last Will and Testaments, also referred to as “Wills”, are basically instructions on how your assets and liabilities are to be distributed and handled, as well as appoint a person, people or entity as the Personal Representative of the estate for these matters.
In addition to a Last Will and Testament, there are several other forms that Winston-Salem Estate Planning Lawyer James A. Davis can provide such as Living Wills, Health Care Surrogates, Durable Power of Attorney. As a result, these are also important depending upon the situation. Call us to review the definitions of each of these and learn what purpose they have in estate planning.
Contact James A. Davis now for information about Estate Planning. Our law office offers competitive pricing for packages including Last Will and Testament, as well as supplemental documents, such as Living Will, Durable Power of Attorney, and Health Care Surrogates; all crucial documents for estate planning.
Your trust is instructions to control distribution of assets, whether money, stock, bonds, or property, real and personal, to other individuals or entities, called beneficiaries.
Trusts are a very crucial part of Estate Planning because they are probate proof, so they do not have to go through testate when you pass and will continue to run in accordance with the trust. Your trust can run for generations when properly constructed.
Trusts are specific to the needs of the individual creating the trust. You will know what you will have to spend before retaining the firm.
Finally, James A. Davis can prepare a limited family trust on your behalf for those people who may have sizable assets and therefore a sizable estate. This requires the incorporation of entities enabling the transfer of assets into the various trusts providing a tax exemption for the transfer of up to one million dollars per trust prepared. In conclusion, if you have a sizable estate, this is the best way to protect your assets and ensure that they go to your children or beneficiaries rather than the government.
All consultations are confidential. Contact us today to discuss your situation. Start on your legal matter.
Tags: Estate Planning, Estate Planning Lawyer, Estate Tax Attorney, Winston-Salem Attorney
Winston-Salem Attorney James A. Davis News
James A. Davis was admitted to Practice in North Carolina State Courts and Federal Court for the Middle District of North Carolina in 1985. He was admitted to U.S. Tax Court in 1990. Davis has represented individuals and business entities before the Federal District, State Court Of Appeals, Superior Courts, State District Courts and U.S. Tax Court. He has also represented individuals and businesses before the Internal Revenue Service and Appeals Division of the Internal Revenue Service.
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