Bailey & Thomas
For almost seventy (70) years, Bailey & Thomas’ lawyers and staff have been helping the people of Winston-Salem and the Piedmont Triad with legal and personal matters. Founded by attorney Wesley Bailey in 1955, we remain committed to serving our clients with the experience and understanding they expect, when they need us most.
Many of our clients and their families have depended on us for advice and counsel in various areas of law. We are now proudly working with second and third generations of families. We are most recognized and sought out for our work in Estate Planning & Administration, Real Estate, Business Law, General Practice and more recently have increased the number of personal injury cases handled by our firm.
When needed or requested we work closely with our client’s tax attorney and financial advisor to ensure the client’s interests are being communicated, implemented correctly and supported to fully support their estate planning goals and final wishes.
Whatever the problem or concern, you can call us for trustworthy guidance and counsel. Due to our wide network of attorneys that we have worked with over the years, we are able to make referrals if needed.
Call us to schedule an appointment or contact us here with your question and our office will be in touch with you shortly.
The Importance of Beneficiary Designations, What Your Will May or May Not Control
Writing a Last Will and Testament is the foundation of your estate plan. Durable Power of Attorney and Healthcare Power of Attorney are two other important pieces to the plan, but these three may not include everything you need. Estate plans can be as customized as a client needs or wants.
A word of caution – when designing your estate plan, don’t overlook the fact that some of your assets may not be covered by the provisions of your will. You will need to work through these details with your estate planning attorney, tax accountant and financial advisor.
Assets that are not typically affected by wills include: