North Carolina Estate Planning
Estate plans encompass a variety of needs, from deciding who will inherit the fruits of your labor to establishing trusts; this also includes setting up powers of attorney to ensure that someone is making decisions in your best interests in the event that you are incapacitated due to illness or injury. At Norelli Savage Law, we are highly experienced and knowledgeable about all types of estate plans, including:
- Living trusts
- Financial powers of attorney
- Healthcare powers of attorney
- Advance directives
- HIPAA authorizations
- Beneficiary designations for retirement plans and life insurance
- “Crummey” and Section 2503(c) trusts
- Family limited partnerships
- Family limited liability companies (LLCs)
- Irrevocable life insurance trusts
- Qualified terminable interest property trusts
- Gift estates and tax returns (federal and state)
By viewing our clients’ financial and estate planning needs as a whole, our team is able to design a comprehensive plan that addresses their goals. These goals may include avoiding the cost, publicity, and time-consuming probate process through setting up revocable trusts or minimizing estate taxes and liability through irrevocable trusts. We can also establish special needs trusts to provide for family members who may not be able to take care of themselves after your death. With our in-depth knowledge of North Carolina probate law, the Internal Revenue Code and the requirements of trust formation, our attorneys are the ideal choice for anyone who seeks to utilize a trust as part of their estate planning process.
Our attorneys are also skilled at helping our clients meet their charitable goals and their personal income needs as they approach retirement. This may include the formation of charitable lead and remainder trusts or donor advised funds. In addition, troubling family situations are addressed with compassion and creativity.