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WHO CAN HELP ME WITH ESTATE PLANNING IN CHARLOTTE, NC?

You love your family and you work hard to offer them financial security. Naturally, you want to secure their future

THE IMPORTANCE OF A MEDICAL POWER OF ATTORNEY

A medical power of attorney is sometimes known as a durable medical power of attorney or a healthcare power of attorney. 

ADVANTAGES OF A REVOCABLE LIVING TRUST

A revocable living trust is an estate-planning tool to help beneficiaries manage their inheritance. For instance, if you are concerned about your beneficiaries’ ability to properly manage their inheritances, 

YOU NEED TO HAVE A MEDICAL POWER
OF ATTORNEY

Creating a medical power of attorney is an important process that should be completed with your full understanding. You will need a lawyer to draft the document, which delegates someone of your choosing with the decision-making power for your medical care in the event that you are not able to speak for yourself. 

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YOU NEED TO HAVE A MEDICAL POWER OF ATTORNEY

Creating a medical power of attorney is an important process that should be completed with your full understanding. You will ...
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THE IMPORTANCE OF A MEDICAL POWER OF ATTORNEY

A medical power of attorney is sometimes known as a durable medical power of attorney or a healthcare power of ...
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WHO CAN HELP ME WITH ESTATE PLANNING IN CHARLOTTE, NC?

You love your family and you work hard to offer them financial security. Naturally, you want to secure their future even after you’ve passed on. The best way to accomplish this is through estate planning. Meek Law Firm can offer peace of mind to both you and your loved ones by guiding you through the legal complexities to the protections you need.

The first and most important document you need to provide for your loved ones is a will. Attorney Jonathan Meek has the expertise and experience you need to create a will that meets all legal requirements and clearly and completely declares your wishes. He will lead you through the process step by step, from the initial consultation where he will assess your particular needs to the signing of the final document.

Another key piece of estate planning can be establishing a trust. A trust is used to funnel some kind of assets to a beneficiary, and the trust sets up the stipulations and information about how these assets are to be transferred. There are a number of different kinds of trusts. Meek Law Firm will be able to understand the best option for your needs. The increasing variety of different kinds of trusts means that regardless of the unique family situation or the desires of the trust creator, there is likely an arrangement that will be suitable.

Jonathan Meek has helped many individuals with estate planning needs and he is ready to assist you as well. Contact Meek Law Firm today to discuss your estate planning options. Call (704) 848-6335 or use the contact form on the right of this page to schedule a consultation appointment.

YOU NEED TO HAVE A MEDICAL POWER OF ATTORNEY

Creating a medical power of attorney is an important process that should be completed with your full understanding. You will need a lawyer to draft the document, which delegates someone of your choosing with the decision-making power for your medical care in the event that you are not able to speak for yourself. In short, if you are mentally incapacitated, in a coma, or otherwise unable to make your own decisions, your appointed agent can ensure that your wishes are carried out.

Since your agent will be appointed as your personal representative, they should be empowered to complete Medicaid, Medicare, or other medical insurance forms to cover the costs of your care. Both you and your agent should have a signed and notarized copy of your medical power of attorney.

When creating this legal document, your lawyer will discuss with you the individual provisions and meanings of each sectionMeek Law Firm is well-versed in this area of the law. They will work with you every step of the way to ensure that your wishes are clearly stated and will be legally recognized.

For more information, contact attorney Jonathan Meek today. Call (704) 848-6335 or use the contact form on this page to schedule a consultation appointment.

ADVANTAGES OF A REVOCABLE LIVING TRUST

A revocable living trust is an estate-planning tool to help beneficiaries manage their inheritance. For instance, if you are concerned about your beneficiaries’ ability to properly manage their inheritances, a revocable living trust gives you the control as you transfer property and/or assets into the trust over the course of your life.

There are four primary components of a revocable living trust: a trustee who is responsible for distributing and managing the trust, a grantor, or the person who creates the trust, the trust assets which include the property transferred into the trust, and the beneficiaries, the people who benefit from the trust itself.

Here is a partial list of the advantages of creating a revocable living trust:

  • Revocable Status: The fact that the trust is revocable means that it can be changed or amended during the course of your life, providing flexibility.

  • Avoiding Probate: One of the main benefits of establishing a trust is to remove assets from your estate. Numerous probate proceedings can be expensive and time-consuming, so a revocable living trust transfers the assets effectively and efficiently. When assets are transferred through the probate process, details about the transfer can be a matter of public record. Using a revocable living trust, on the other hand, allows details about your assets and their transfer to remain completely private.

  • Separating Assets: Used as an estate-planning tool, a living trust can be an ideal solution for married couples where significant assets were accumulated by one or both parties prior to the marriage. A living trust can also separate assets to be passed on to beneficiaries from other community property assets.

  • Reduce Estate Tax Complications: If you’re revocable living trust is written properly, provisions inside the trust can allow for a credit shelter. A credit shelter trust helps to reduce estate taxes in large estates. Taxes can significantly reduce the value of your estate if you have not properly planned. Work with your attorney to craft a revocable living trust that represents all of your interests.

  • Control Over the Distribution Of Assets: Implementing plans for a professional trustee to manage the property can allow your assets to provide benefits for multiple generations. The structure of the trust is incredibly important in exercising control.

  • Articulate Your Desires: If you’re concerned about siblings or other family members arguing about the estate after you have passed away, a revocable living trust clearly articulates your wishes and plans for your assets. This reduces confusion and arguments.

A revocable living trust is a powerful tool giving you flexibility and control over how your assets will be distributed after you pass away. Working with an experienced attorney like Jonathan Meek at Meek Law Firm is critical for your revocable living trust. Contact him today to schedule a consultation. Call (704) 848-6335 or use the contact form on the right of this page to set an appointment.

THE IMPORTANCE OF A MEDICAL POWER OF ATTORNEY

A medical power of attorney is sometimes known as a durable medical power of attorney or a healthcare power of attorneyThe purpose of this legal document is to appoint someone else, an agent, with the decision-making power for your medical care in the event that you are not able to speak for yourself. This includes events where you are mentally incapacitated, in a coma, or otherwise unable to make your own decisions. Having a medical power of attorney is important, so that your wishes are carried out.

The durable portion of the medical power of attorney means that if you become medically or legally incompetent long-term, the medical power of attorney will remain in existence. Depending on your individual situation and needs, your attorney can help you craft a medical power of attorney that articulates your wishes.

Your agent will be appointed as your personal representative. When you are crafting your medical power of attorney, it’s recommended that you appoint another individual in the event that your original agent has passed away or is otherwise unable to assist. It is not recommended that you appoint more than one person at a time as your power of attorney, since this can cause conflicts with regard to your care.

Your medical power of attorney should also articulate the abilities of your agent to complete any admission applications to facilities that you may require. This can include assisted living or nursing home facilities. Your agent should be eligible to complete Medicaid, Medicare, or other medical insurance intake forms so that you can be admitted to the facility.

When creating your medical power of attorney, your lawyer will discuss with you the individual provisions and meanings of each section. Your medical power of attorney should be notarized by two witnesses not related to you in order to be valid.  The document should be notarized as well. Provide a copy of the document to your agent and keep an extra copy filed safely at your home. It can also help to discuss your wishes about your medical care if you become incapacitated with your loved ones, so that they are aware of your individual preferences.

Creating a medical power of attorney is an important process that should be completed with careful consideration about your desires. Meek Law Firm will work with you every step of the way to ensure that your wishes are clearly stated and will be legally recognized. For more information, contact attorney Jonathan Meek today. Call (704) 848-6335 or use the contact form on the right of this page to schedule a consultation appointment.

 

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