Estate Planning Services

Wells Daisley Rabon, PA provides estate planning services to all types of clients throughout the Charlotte region. We work with both clients who come to us independently and with clients that need estate planning documents drafted in conjunction with their financial and/or business planning. Our services include:

• Wills: The basic estate planning document that everyone should have. Through your will you can direct who the beneficiaries of your estate will be and specifically direct your assets including personal property and monies to those that you would like to provide for. Further, your will can also provide for tax planning and trust creation.
• Living Wills: A living will gives notice to your family and doctors of how you would like to be cared for in the event that you are in a persistent vegetative state and/or you are suffering from a terminal and incurable state.
• Power of Attorney: A Power of Attorney creates a relationship between the “Principal” (the person granting the power) and the “Attorney-in-Fact” or “Agent” through which the Principal grants the power to the Attorney in Fact to act on the Principal’s behalf with regards to certain financial acts/transactions. The power can be limited or broadly given, but is only valid while the Principal is competent.
• Durable Power of Attorney: The Durable Power of Attorney allows the Power of Attorney to survive the incompetence of the Principal. This tool is generally used for purposes allowing the Attorney in Fact to care for the financial affairs of the Principal while the Principal is unable to for some reason. However, the power is revoked at the death of the Principal.
• Health Care Power of Attorney: A Health Care Power of Attorney creates a relationship whereby the grantor of the power, the Principal, gives to an Health Care Agent the power to make health care decisions for the Principal when the Principal is unable to do so for themselves.
• Inter Vivos Trusts (irrevocable and revocable): An Inter Vivos Trust is a Trust created during the lifetime of the Grantor to hold property for another. It can be irrevocable or revocable.
• Minor’s Trusts: A minor’s trust is typically provided for within the Wills of the parents and is funded in the even that both parents are deceased. The trust is drafted so that the minor is provided for after the death of the parents.
• Life Insurance Trusts: Also known as an ILIT, the Irrevocable Life Insurance Trust is a tool to keep the proceeds of life insurance out of the estate of the deceased and potentially limit estate taxes.
• Supplemental/Special Needs Trusts: A Supplemental Needs Trust, also known as a Special Needs Trust, is a trust, created by a third party, for the benefit of a disabled person that allows the beneficiary to receive benefits available from the government despite the assets contained in the trust being held for the benefit of the disabled beneficiary.
• Basic Tax Planning including Credit Shelter Trusts: For those whose assets are above an ever-changing threshold, basic tax planning should be a part of their estate plan. This can limit or eliminate the effects of taxation at death, allowing more assets to be passed to beneficiaries who survive.

Why Estate Planning?

Each individual person, whether single, married, divorced, parent, grandparent, old or young, carries with them different backgrounds and future goals. Proper estate planning allows the individual to prepare for the future, protect their loved ones and minimize the taxes on their estate. Wells Daisley Rabon, P.A., is proud to provide estate planning services to all types of individuals and families.

Our services also include working with closely held businesses and family businesses to ensure that they have a proper business succession/continuation plans and that those plans are synchronized with each individual owner’s estate plans.

Contact Us

If you have questions regarding Estate Planning and/or are considering having some estate planning performed, please do not hesitate to contact our estate planning attorneys Jameson P. Wells and Brendan G. Dillashaw at 704.375.1800 or email them at JWells@WDRLawfirm.com and BDillashaw@WDRLawfirm.com.