You’ve worked hard to build the lifestyle you want. You’ve sacrificed, put in the hours, and made the right calls. Now, there’s the question of how to protect and preserve it once you’re no longer here. Being a high net-worth individual living in Holly Springs, NC, you have more to lose regarding your assets. The wrong move could mean losing your family’s inheritance to estate taxes and probate fees. At Cary Estate Planning, we believe everyone deserves the peace of mind of knowing that their family, business, and assets are taken care of long after they’re gone. By creating an estate plan, we can help you protect your way of life, minimize taxes and avoid probate so that you can sleep peacefully at night. Contact a Holly Springs estate planning attorney today to get started on your estate plan.
Situated in the heart of the Research Triangle—one of the most successful business parks in the world—Holly Springs, NC, is home to over 41,000 North Carolina residents. Holly Springs has accrued many accolades over the years, including Best Place to Live in North Carolina and Best Safety Ranking. Residents in the city are reasonably affluent. Nearly 82% own their homes, and the median household income is $110,758. Individuals living in the city are often fairly young. Recent reports show a median age of 35.8. For many, this is also the age you may be thinking of starting a family, building a business, buying your first home, or taking on caregiver responsibilities for your parents. The bottom line is—if you’re making an estate plan in Holly Springs, you may have more than a bit of money or property to pass on.
Here’s how an estate plan benefits you.
North Carolina does not impose an inheritance or estate tax. However, your assets may still be subject to a federal estate tax, depending on the value of your estate. A NC estate planning lawyer can help you optimize your estate plan to minimize or eliminate taxes on wealth transfers.
Do you have a plan for what happens when you can no longer manage your business yourself? Our estate planning attorneys can help you make a business succession plan that allows your business to thrive well after you are gone.
Do you want to pass wealth to multiple generations? Do you want to avoid having your wealth taxed at each generation? We can help you establish a dynasty trust to protect your legacy for years to come.
With a comprehensive estate plan, you can safeguard your family’s future. Consult with a NC estate planning attorney today at our law firm.
Located at 316 Lafayette St., 12th Floor, Raleigh, NC 27601, Wake County Courthouse is the local probate court serving Holly Springs, NC.
You or your loved ones may be subject to an estate or gift tax based on federal laws. Review the IRS’s estate and gift tax laws to inform yourself of your rights and possible exemptions available to you.
The North Carolina Judicial Branch has an informative Estate Guide to answer any general questions you may have about your estate or estate administration in North Carolina. Still need help? Contact our team at Cary Estate Planning.
Located at 250 Hospice Circle, Raleigh, NC 27607, Transitions LifeCare provides support services for caregivers and their families. The center also provides grief counseling and hospice care when you need it most.
North Carolina’s Department of Health and Human Services offers various links to the state’s helpful aging and adult services.
Estate planning is much more than just drafting a will. It’s about how you want your loved ones to remember you and what financial security you want them to have.
You can make all the right decisions around your estate and still end up with unintended consequences that could leave your family in the lurch. That’s why it’s so important to work with an experienced estate planning lawyer who can help guide you through the process.
At Cary Estate Planning, we’ve been doing this for years, and we’ll help you build a plan that prioritizes what matters most to you.
Here are a few ways we can help:
When it comes to estate planning in Holly Springs, a generic plan will not cut it. Take advantage of a free consultation with our NC estate planning lawyers serving Holly Springs, NC.
How does a trust benefit my estate plan in North Carolina?
A trust has two main benefits; avoiding probate and providing structure to distributing your assets after you die. It does so by immediately titling assets in the Trustee’s name for distribution to your beneficiaries, allowing you to control your wealth.
What is the estate tax exemption?
When you die, your estate may be subject to a federal estate tax if the value of your assets exceeds a certain amount. In 2022, estates valued less than $12.06 million (24.12 million for couples) will be exempt from this tax.
How much does probate cost in North Carolina?
There are three costs associated with probate. Here’s what you can expect in North Carolina:
The case for estate planning starts with the big picture and ends with the details.
The big picture is your family’s financial future. Let us take care of the details by creating a comprehensive estate plan tailored to your life. Contact our team at Cary Estate Planning to discuss your goals, or visit us at 155 Parkway Office Ct., Suite 200, Cary, NC 27518.