Three Common Mistakes When
Marrying Later in Life
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For people in North Carolina, one of the surest ways to stir up conflict and create legal battles that go on long after you die is to get married later in life and avoid discussions such as, "Should we have a Pre-Nup?" and "How will getting married affect my estate?"
- I was working with Elaine a few years ago. Elaine decided to get married again at the age of 60. She had three children and her husband-to-be had two children of his own. Elaine did what most people do and named her husband as the beneficiary of her IRA’s, which is where most of her money was invested. When she died at the age of 70, all of her IRAs were transferred into her husband's IRA. Then, when her husband died, ALL of the funds went to the husband's children. Elaine's children got nothing...nada...zip!
- I also worked with a man named Luther who felt it was unnecessary to have a Pre-Nup when he married at the age of 72. He kept his money in separate accounts from his new wife so that, when he died, it would be easy to determine what his children would inherit. But, what Luther didn't realize, is that when he died, the stepmother of Luther's children would have a claim to a portion of Luther's accounts.
- In their golden years, Lita and Vernon tied the knot. Lita resisted getting married because she wanted her estate to go to her children when she died. She signed a Pre-Nup and new estate planning legal documents, and she was confident she was protecting her estate for her children. Six months after their marriage, Vernon had a stroke and wound up in a nursing home. Even though Lita's accounts were "Lita's and Lita's only" she was forced by Medicaid to deplete all of her accounts to cover Vernon's nursing home expenses.
It's critical that at least several weeks BEFORE you put on your tuxedo or wedding dress, you are advised on how to handle a marriage contract and arrange your estate so that those closest to you don't get into a big squabble when you're gone. We live in an ever-changing world! We realize that not only will family situations and individual concerns change over time, but future law changes could surely affect your estate plan as well. As a Thomas Walters, PLLC, client, you receive Complimentary Lifetime Lawyer Benefits that cover estate planning changes over your lifetime with no additional legal costs. If you are approaching a new stage in your life, call us at (888) 787-1913 to discuss your concerns or for more information. You may also visit us at www.twestateplanning.law.
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Celebrating Life with Shayla
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Managing Partner Stacey Walters was blessed with a beautiful angel for 10 years. Her daughter Shayla, who was born with a heart defect, unexpectedly suffered a cardiac arrest at 5 months old, leaving her severely disabled. In April 2018, Shayla unexpectedly gained her angel wings and left Stacey and her family on this earth. While Shayla forever changed their family’s life, she taught Stacey the meaning of selfless love and that we are never promised tomorrow.
Shayla’s story forms the pillar of our law practice: We are all going to leave this earth, but if we aren't prepared for the unexpected, the people we hurt the most are the ones we love the most! It is too important not to have a plan in place, and everyone needs an estate plan for that unexpected time, but not just any plan –
the perfect plan that easily ensures your final wishes are met while relieving the stress and burden on your family when you are gone!
At Thomas Walters Probate and Estate Planning Attorneys, we build lifetime relationships with our family of clients. We not only help ensure our clients have a current and perfect plan in place, but we give them peace of mind knowing both they and their family can always call on us a trusted advisor when the unexpected happens.
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Upcoming Estate Planning Events
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Register today! 800-769-1561
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Apex
September 18, Wednesday – Anna's Pizzeria @ 6:30 PM
100 North Salem Street
Apex, NC 27502
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Cary
September 10, Tuesday – Lugano @ 5:30 PM
1060 Darrington Drive
Cary, NC 27513
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Cornelius
September 17, Tuesday – Alton's @ 6:00 PM
19918 N Cove Road
Cornelius, NC 28031
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Durham
September 5, Thursday – Bleu Olive @ 6:30 PM
1821 Hillandale Road
Durham, NC 27705
September 17, Tuesday – Bleu Olive @ 11:00 AM
1821 Hillandale Road
Durham, NC 27705
September 17, Tuesday – Maggiano's Little Italy @ 6:30 PM
8030 Renaissance Parkway #890
Durham, NC 27713
September 30, Monday
– Page Road Grill @ 6:30 PM
5416 Page Road
Durham, NC 27703
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Greensboro
September 10, Tuesday – Bravo! Cucina Italiana @ 11:00 AM
3324 W Friendly Avenue
Greensboro, NC 27410
September 10, Tuesday – Undercurrent @ 6:30 PM
327 Battleground Avenue
Greensboro, NC 28401
September 25, Wednesday – Bravo! Cucina Italiana @ 6:00 PM
3324 W Friendly Avenue
Greensboro, NC 27410
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Huntersville
September 16, Monday – Red Rocks @ 6:30 PM
8712 Lindholm Drive
Huntersville, NC 28078
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Pinehurst
September 11, Wednesday – Mid Pines @ 4:30 PM
1010 Midland Road
Southern Pines, NC 28387
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Pineville
September 16, Monday – Harpers @ 11:30 AM
11059 Carolina Place Parkway
Pineville, NC 28134
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Raleigh
September 9, Monday – Nantucket Grill @ 6:30 PM
1145 Falls River Avenue
Raleigh, NC 27614
September 10, Tuesday – Saint Jacques @ 11:30 AM
6112 Falls of Neuse Road (North Ridge Shopping Center)
Raleigh, NC 27609
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“Stacey is an exceptional Estate Planning attorney who works very closely with her clients. The first time you meet with her, you will know immediately that she has the expertise to walk you through the entire estate planning process. My wife and I are extremely pleased with the comprehensive Estate Planning Portfolio we now have in place that safeguards our assets and investments. It is a wonderful feeling to know that our estate will be distributed according to our wishes. We are also pleased that we can contact Stacey in the future to make changes or updates to all of our Estate Planning Documents.”
Mr. Glisson, Fuquay-Varina, NC
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Chapel Hill
1777 Fordham Blvd.
Suite 101
Chapel Hill, NC 27514
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Charlotte- North
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ExecuBusiness Center
10130 Mallard Creek Rd.
Ste. 300
Charlotte, NC 28262
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Charlotte- South
Ballantyne Business Center
13850 Ballantyne Corporate Pl. Suite 500
Charlotte, NC 28277
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Greensboro
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Byron Offices Suites
7-B Corporate Center Dr.
Greensboro, NC 27408
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Raleigh- Main
Access Office Business Center
8801 Fast Park Dr.
Ste. 301
Raleigh, NC 27617
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S. Raleigh Cary
4904 Waters Edge Dr.
Ste. 260
Raleigh, NC 27606
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The Pinehurst/West End
5228 NC-211 D
West End, NC 27376
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