Protecting Your Home Purchase Through An Estate Plan
So you’ve bought your first home in North Carolina — congratulations! It’s exciting and overwhelming at the same time.
Of course, owning a home comes with responsibilities. Beyond just upkeep and repairs, you have an important responsibility to yourself to protect your investment. And that means making an estate plan.
At Daly Mills Family Law, we help first-time homebuyers put the right protections into place. Our lawyers will sit down with you, take a look at your financial picture, take the time to understand your goals and work with you to develop an estate plan that’s tailored to meet your needs.
Whether you recently relocated to North Carolina or have lived here all your life, you can rely on us for trusted guidance in taking this next step.
Why You Shouldn’t Overlook This Critical Step
For most Americans, their single biggest asset is their home. Depending on how much you put down, you might already have significant equity in your home. Your equity will steadily rise as you continue to make payments on your mortgage. And, under favorable market conditions, your home’s value will also rise — giving you even more equity.
Through a will, power of attorney, and other estate planning documents, you can ensure that your property and other affairs are in the right hands should something happen to you.
Just as you would never own a home without insurance, neither should you own one without a solid estate plan in place. Your estate plan is your assurance that should something happen to you, your wishes will be followed.