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Estate planning is not just about deciding who gets Grandma's silver tea set or Dad's prized fishing boat. It's a comprehensive strategy to ensure your assets are distributed according to your wishes after you pass away. But what happens when…
When an individual passes away, their estate often goes through a legal process known as probate. Probate is the court-supervised process of authenticating a deceased person's will, if there is one, and settling their estate according to their wishes or…
Planning for the future is one of the most crucial aspects of life. There are various ways to ensure that your assets and properties are taken care of after your death. One of the most effective ways is through estate…
It is impossible to know when a medical emergency may arise. One never knows when an unexpected illness or accident could render them incapacitated and unable to make healthcare decisions. In such situations, advance directives, in the form of Living…
Handling and closing a deceased family member’s estate is a lot to deal with when you are already grieving. This process, which the North Carolina courts call “probate,” starts when the deceased’s designated heir or someone with a valid claim…
Inevitably, death comes, but its timing is unpredictable. Don't let your assets and the future of your loved ones slip through your fingers. If you don’t make an estate plan, the assets you’ve accumulated during your lifetime will be distributed…
An executor of an estate plan must perform various tasks. They handle a deceased person's finances and carry out their final wishes. They're also responsible for ensuring beneficiaries receive the assets left to them in the deceased's will. Understanding the…
When someone dies, their assets should pass to the people they want to have them. If the decedent made a will or owned property in their own name in North Carolina, their estate would need to go through probate. It…
Business succession and estate planning can be complicated enough when dealing with your personal assets. When it comes to planning for the future of your business, the estate planning process can get even more involved, but it is also crucial…
Trusts are among the most common and useful estate planning tools available, whether your goal is asset protection, caring for loved ones, or both. A key reason to establish trusts whether spendthrift trusts vs. discretionary trusts is to protect your…
