Estate planning should be important to anyone who wants to protect the future of his or her family or wants to direct who gets what and when after death. Without estate planning, state law distributes your property according to predetermined rules. Estate planning allows you to control the disposition of your property, potentially avoid taxes and probate proceedings, and plan for the possibility of becoming unable to make legal and financial decisions.
Planning for property management and distribution at death is accomplished through legal instruments including wills and trusts. Planning for incapacity is accomplished with living wills, powers of attorney and advance health care directives. More than just deciding beneficiaries, estate planning considers your exposure to income, estate and gift taxes. Careful planning can help avoid unnecessary taxation, which means more property will be available to your heirs.
The prudent person should address all sides of estate planning. Everyone should have at least a basic plan in place.
Herring, Mills & Kratt, PLLC offers a variety of legal services and instruments to handle all of your estate planning needs:
Contact our Raleigh estate law attorneys with your estate planning needs.
Bill Kratt has been a Specialist in Estate Planning and Probate Law since 1995, as certified by the North Carolina Board of Legal Specialization*. He is an elected Fellow in the American College of Trust and Estate Counsel, a national organization recognizing excellence in practice and involvement in the estate planning.
If you are the owner of a family business, it is important to ensure that the fruits of your labor will be left in the right hands after your retirement or death. Our estate planning lawyers have experience drafting and implementing business succession plans for businesses of all sizes and complexities. We can also ensure that mergers are implemented according to your plans.
Herring Mills & Kratt, PLLC, provides estate planning and probate services that meet the needs of our clients who own small and medium-sized businesses. Our attorneys work with a network of business valuation professionals, asset protection specialists and insurance professionals to help our clients protect their family assets now and at the time of their death. We are recognized throughout the Raleigh-Durham metro region for providing the experienced estate tax planning advice and representation you need in order to ensure that your spouse, children and beneficiaries will be protected from future taxes and probate court concerns.
We can help you establish guardianship over the legal, financial and health care affairs of a vulnerable member of your family. We will handle all aspects of guardianship petitioning, including record gathering, court filing, representation and appeals, if necessary.
Contact an estate planning lawyer at Herring Mills & Kratt, PLLC, in Raleigh, to schedule a consultation about your family asset protection and probate needs.
* To be certified as a specialist by the North Carolina State Bar, a lawyer must have expertise in the specific area, particularly he/she must: