Guest: Adam Hopler, an Estate Attorney from the firm Hopler, Wilms, & Hanna PLLC.
- Adam shares about his personal background, including his experience of practicing law in Durham for 12 years and being a father to six kids.
- Discussion about the intersection of family law and estate planning: how divorce and separation can impact one's estate and the importance of consultation with estate attorneys.
- The podcast addresses certain scenarios where it becomes essential to speak with an estate attorney, such as in cases of separations involving substantial estates or closely held businesses.
- Adam elaborates on how estate planning isn't just about the individual but also about those around them, who may end up dealing with the consequences of inadequate planning.
- Discussion on the need for life insurance and how it's meant to cover debts so that dependents don't have to.
- The podcast addresses the importance of revisiting estate plans periodically due to life changes and gives an example of how the pandemic has accelerated these changes for many.
- Adam talks about the significance of beneficiary designations and shares an anecdote from his law school days.
- Discussion about what happens if a person dies without a will, or 'intestate', in North Carolina, with particular emphasis on the role of a spouse and children in the division of the estate.
- The hosts conclude with a discussion on the importance of estate planning, even in complex family situations, such as split families, and during periods of separation before divorce is finalized.
Note: For expert advice tailored to your specific circumstances, it is always recommended to consult with a certified legal professional in your area.