A blended family is one in which one or both spouses have children from a previous relationship. This type of family can present unique estate planning challenges in North Carolina, and that's why it's important to ensure that your assets are distributed according to...
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Estate Planning
Why should you have an advance care directive?
Planning for the future is something all North Carolina adults should do. Estate planning can help protect you and your loved ones. One part of it is an advance care directive. Advance care directives are easy to create An advance care directive allows you to state...
How do living trusts work?
A living trust is an estate planning strategy to avoid probate and keep certain asset distributions private. Many people in North Carolina find that setting up a trust is a great complement to their wills. Types of trusts The two most common types of trusts that you...
Know the pros and cons of using a trust in your estate plan
Estate planning is an excellent way to pass on assets to your children if you are living in North Carolina. Understanding the nuances of an estate plan can be beneficial, especially if you decide to use a trust. You can also specify your wishes on how you should be...
The basics of estate planning for new parents
As a new parent, you have a lot of new responsibilities and things to think about in North Carolina. One of the last things on your mind is probably estate planning, but it is something that you should start thinking about. To get started, consider: Determining the...
Knowing the basics of your will before you sign
Many people in North Carolina have received the advice that they should prepare a will, but they may not be aware of exactly why this is important. A will, also called a last will and testament, describes how you want your property to be distributed after you pass...
What are my responsibilities as executor of estate in North Carolina?
Becoming an executor of an estate probably sounds intimidating for most North Carolina residents. While the position comes with a lot of responsibility, it’s not bequeathed lightly and the deceased most likely chose you for a reason. What does an executor do? An...
Revocable living trust and how they work
For those living in North Carolina who want to plan their estates, a revocable living trust is a useful tool to help preserve wealth and minimize taxes. It is a way to protect some assets from the probate process while still retaining control and ownership of them....
3 reasons to consider a revocable living trust
Estate planning is different for everyone. Depending on your assets and your family situation, you may or may not require a revocable living trust. For North Carolina resident with relatively simple estate planning needs, a last will and testament and powers of...
The most important estate planning documents
No one likes to think about death, but it is something that every North Carolina has to face at some point in life. If you want to make sure that your loved ones are well taken care of after you're gone, it is important to start estate planning as soon as possible....
