Whether a deceased individual had a Last Will and Testament determines how the deceased’s estate will transfer according to North Carolina statute.
Category: Estate Planning and Administration
Too frequently I hear about a tragedy involving a young person that is compounded by a lack of planning. As people move through their twenties and thirties and begin to accumulate assets, wealth, and have families there are a number of new “adulting” items that must be handled.
Power of Attorney is a term many people use to describe what are actually different documents and, more importantly, different powers. The main documents people refer to are a Health Care Power of Attorney and a Durable Power of Attorney – for health care and financial decisions.
In North Carolina, Real Property moves “outside of probate” meaning it is not part of the probate estate unless it must be brought into the probate estate in order to satisfy debts of the estate.
Many people view probate as a long laborious and unnecessary process. Because of the reputation of the probate process individuals employ different techniques to create an...
Tax portability is a helpful tax benefit that should be considered when crafting your estate plan. The option of portability can make a significant difference when it...
Estate planning—it is an incredibly important tool, not just for the uber-wealthy or those thinking about retirement. On the contrary, estate planning is something every adult...
Real estate encompasses not only one’s primary residence but also other real estate such as a vacation home or a rental property. The ideal form of ownership varies depending on the type of real estate you own. Take a look at the different types of real estate and the best form of ownership in your case.
Use this estate planning list before meeting with your estate attorney so that you’re estate is preserved and distributed as you want.
For many, Estate planning and retirement planning are two very different things. However, how you live in retirement can greatly affect your estate plan and vice versa.