This area of practice is available in Cumberland County and by appointment in our other North Carolina locations.
When you have significant assets such as property, a business, and wealth, the formation of a will or trust requires a steady hand to navigate through the twists and turns in front of you now as well as those which your loved ones may face in the future. We use our legal intelligence in the intricacies of the law as well as our experience to pilot you through a smooth course.
During our initial consultation, we learn about your wishes in regards to distribution of your assets upon your passing and then design an estate plan so that the legacy you wish to leave can be smoothly administered. We can advise and help you execute any of the following:
- Estate Planning
- Estate Administration
- Avoiding Probate
- Estates & Gifts (including preparing Forms 706 and 709)
- Business Successions
- Charitable Giving
- Healthcare POA
- Wills & Trusts
If you need legal counsel to draft a simple will, wills with testamentary trust provisions for surviving spouses and minor children, pour-over wills, revocable trusts, or irrevocable trusts, call us for a consultation.
If you need legal counsel regarding a trust, we can help you with charitable remainder trusts, irrevocable life insurance trusts, grantor retained annuity trusts, and intentionally defective grantor trusts.
We also offer strategies for reducing estate, gift, and generation-skipping transfer taxes. Gifting strategies include everything from the use of life insurance trusts to creating family limited partnerships and limited liability companies to developing charitable remainder and charitable lead trusts.
If you’re considering a lifetime gifting programs including planning for the transition of family-owned businesses from older to younger generations, planning for charitable giving, and the use of private foundations, we can guide you through this process as well.
Personal contingencies are inherently the most intimate decisions an individual can make, but we can help you remove the potential burden from family members by helping you prepare for possible incapacitation or disability through powers of attorney and living wills.
And if you have a business, it’s important to protect it with a Business Succession plan. Our attorneys will help you plot and execute a legal succession to fit whatever roadmap you might envision. To help your vision become reality, we can advise you numerous strategies to:
- Organize business succession plans for closely-held businesses
- Employ a business succession plan in coordination with closely-held businesses to help ensure the continuance of the family business
- Develop financial plans to adequately fund the business after death
- Structure the business for a convenient transfer of company assets and/or shares or interests of the business
Backed by Hutchens Law Firm legal counsel, you can enjoy peace of mind that the lasting legacy of your business will follow the succession you envisioned.