Estate Planning Attorney Winston Salem

At , you will not be treated like a case number. We treat each and every client with the respect he or she deserves — we treat you like family. We give every client our absolute best, and we will give you our best if we provide assistance with estate planning. Our attorneys are experienced with North Carolina wills, estate…

At Greenwood Law, you will not be treated like a case number. We treat each and every client with the respect he or she deserves — we treat you like family. We give every client our absolute best, and we will give you our best if we provide assistance with estate planning.

Our Winston Salem estate planning attorneys are experienced with North Carolina wills, estate planning, special needs, long-term care. We have created numerous estate plans with great success. We give our clients straight talk and strong advocacy. If you hire our law firm, you will know where you stand and that you have a lawyer willing to go the extra mile for you!

Our Seasoned Estate Planning Attorneys

Having an estate plan such as a will, trust, power of attorney, long-term care plan, and/or special needs plan can be one of the most thoughtful, caring things you can do for loved ones. Having a plan in place will allow those you care for to make decisions based on your wants and needs. In the case of a will or trust, your family can be given the time to grieve your loss without simultaneously being burdened by complex financial decisions, tax issues, additional fees and/or potential disagreements amongst your heirs. Taking the time to make sure that your wishes are carried out is crucial.

Will, Trusts And Estate Services

While no one wants to think about the end of his or her life, legal steps must be taken in the form of estate planning. Regardless of the size of an estate, you want to make sure that your wishes are enforced. Designating beneficiaries and determining your course of medical care should not be put in the hands of family members or a judge.

Our goal is to use the estate planning tools available (will, living trust, irrevocable trust, revocable trust, charitable trust, power of attorney, health care power of attorney, living will, etc.) to make sure you are preserving and protecting your assets during your life, as well as when you are gone. Therefore, you can avoid and/or reduce estate and inheritance taxes, and that there is a plan in place in case you become unable to manage your affairs during life and, of course, to effectively distribute your assets to your loved ones when that time comes.

Will, Trust and Power of Attorney Preparation

Navigating through the delicate pathways of preparing your will, trust, and power of attorney can often stir a myriad of emotions. It’s not just paperwork; it’s a testament of your love and care towards your family, ensuring they are shielded when you can’t physically be there. Crafting these crucial documents is an endeavor best undertaken with a seasoned Winston Salem attorney, who appreciates the idiosyncrasies of each individual’s life and legacy.

Estate, Gift and Generation-Skipping Transfer Tax Planning

Tax planning, especially when it weaves through estates, gifts, and generation-skipping transfers, can be a perplexing journey. But, imagine managing it so astutely that it beautifully aligns with your financial goals! Striking a balance between lawful obligation and savvy planning needs a dash of expertise only experienced estate planning attorneys in Winston Salem can offer.

Charitable Giving

Charitable giving, oh, the serene joy it brings! Not only is it a magnificent way to support causes close to your heart, but it also crafts a legacy that resonates with generosity and empathy. However, to maximize impact, it’s pivotal that your charitable strategies are structured adeptly to ensure every penny serves its intended purpose, respecting both your altruistic spirit and fiscal prudence.

Business Succession Planning

Ah, passing the torch of your hard-earned business! It’s a symphony of pride and poignant realization of the passage of time. Properly planned business succession doesn’t merely secure continuity; it’s a melodic assurance that your entrepreneurial spirit and ethics will continue to reverberate through the corridors of your company. Can there be a more sublime legacy?

Estate and Trust Administration

Diving into the world of estate and trust administration is like navigating an intricately woven tapestry of laws, emotions, and familial expectations. It’s not just about ensuring adherence to legal protocols; it’s also about caressing the emotions and anticipations of the beneficiaries with utmost empathy and understanding.

Estate and Trust Litigation

The arena of estate and trust litigation isn’t merely a legal battleground; it’s an emotional roller-coaster, where relations can hang by a fragile thread. An attorney who not only comprehends the dense legalities but also sympathetically navigates through the emotional web can certainly pave a path towards resolution with humanity intact.

Contact Our Trusted Estate Planning Attorneys of Winston Salem Today

We accept all major credit cards. Contact us online or by telephone, at 336-661-8788 to arrange a free consultation with a knowledgeable Winston-Salem estate planning attorney.

Frequently Asked Questions

What is an irrevocable trust?

An irrevocable trust, a cornerstone in astute estate planning, is akin to a financial time capsule, set and sealed. It’s a legal entity into which a person, known as the trustor, places assets, thereafter relinquishing control. Once the trust is executed, it’s like a river redirected; the course cannot be altered without beneficiary consensus. This is where its intrigue lies – in its permanence.

In this financial fortress, assets are sheltered from estate taxes, as they’re no longer part of the trustor’s personal estate. It’s a strategy that not only secures assets against unforeseen claims but also meticulously orchestrates their future deployment, post-trustor’s era. This setup is particularly compelling for those with substantial estates, where tax implications loom large.

Yet, the irrevocable trust is not a simple lockbox. Its unchangeable nature demands thorough deliberation – it’s a commitment that, once made, etches a financial legacy in stone.

What is a power of attorney?

A Power of Attorney (POA) is a legal beacon, guiding decisions in your stead. It’s a document where you, the principal, designate another person, known as the agent or attorney-in-fact, to act on your behalf. This role is not confined to legal affairs alone; it spans financial, health, or general personal matters. The POA becomes a pivotal tool when you’re unable to make decisions, whether due to travel, illness, or other circumstances.

Its flexibility is its strength. You can tailor it: a General POA for broad authority, a Special POA for specific tasks, or a Durable POA, enduring even if you lose mental capacity. But with great power comes great responsibility. The agent must act in your best interests, a mandate blending trust and duty.

Navigating the POA labyrinth requires precision. Its contours must mirror your wishes and life situation. It’s a legal tapestry, woven with individual threads of your life, ensuring decisions echo your voice, even when you’re not there to speak.

What is a living will?

A Living Will is a document of foresight, a testament to one’s autonomy amidst life’s uncertainties. It’s less about the tangible assets we accumulate and more about the intangible values we cherish. This document comes into play when you’re unable to vocalize your medical preferences, perhaps due to illness or incapacity. It’s like a compass in the fog of medical dilemmas, guiding healthcare providers and loved ones through the thicket of tough decisions.

Imagine it as a script for an unwitnessed future, where your voice resonates through written words, dictating your wishes regarding life-sustaining treatments and end-of-life care. Do you wish to be on life support if there’s no sign of recovery? What about pain management and organ donation? These questions, contemplative yet critical, are addressed in your Living Will.

Crafting this document is a journey through one’s deepest values and fears, a reflective odyssey that demands introspection. It’s not merely a legal formality; it’s a narrative of your healthcare ethos, ensuring that your beliefs and preferences are honored, even when your voice can’t carry them.