Elder Law & Estate Planning Solutions of the Piedmont

Law office in Concord, NC specializing in all facets of the estate planning process.

Elder Law & Estate Planning Solutions

704-795-9455

Elder Law & Estate Planning Solutions

Elder Law & Estate Planning Solutions of the Piedmont
704-795-9455
Law office in Concord, NC specializing in all facets of the estate planning process.

Estate Planning for Children: How to Protect Your Children’s Inheritance

Estate Planning for Children: How to Protect Your Children’s Inheritance
Posted : Sep 25, 2018
Author : Elder Law & Estate Planning Solutions of the Piedmont
Tags : Planning for children

When it comes to estate planning for children, thinking about asset distribution and inheritance can be a touchy subject for most families. The best way to ensure effective estate planning for children is to understand how your assets are assigned, and to determine the best distribution method. At Elder Law & Estate Planning Solutions of the Piedmont, we help families in the Concord, North Carolina area with estate planning for children to ensure dependents are protected when they need it most. 

If you pass without a will in place, the state of North Carolina will determine who inherits your assets through probate estate law. Any legal fees that accumulate during this process also come directly from your estate. Although it is most likely your spouse and children will inherit your assets, having them clearly assigned will eliminate the need for lengthy probate legal processes and the fees that come with it.

Sometimes, it may be a better option to set up a recoverable living trust for your dependents to ensure that their inheritance is protected. In the event that you have children from a former marriage or who are not yet of age, the recoverable living trust is also an effective way to ensure that any inheritance left to your children is only accessible by them (and not their step-parents) in the event of your passing.

If you have any questions about estate planning for children, or want to know about specific ways you can customize an inheritance to protect your children, call us today! 

About Elder Law & Estate Planning Solutions of the Piedmont

If you live in Concord, NC& need help planning for the welfare of your children or elder loved ones, turn to us at The Law Office of Marjorie J. Brown, PC

Elder Law & Estate Planning Solutions of the Piedmont

Contact Elder Law & Estate Planning Solutions of the Piedmont

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Concord, NC, US
704-795-9455
845 Church Street North, Suite 106
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Service Areas:

Concord; Harrisburg; Kannapolis; Midland; Mount Pleasant; Stanly County; Rowan County; Lake Norman; North Charlotte; and Salisbury, NC