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A residuary clause establishes who will receive an asset or proceeds from the sale of an asset if the will or trust doesn't name a beneficiary for it. It’s critical to include a residuary clause in your will and in…
Sometimes we take for granted our ability to make some of the most basic decisions about our lives, like where we live and how we spend our money. Some people, however, aren’t able to make these decisions on their own.…
Preparing for the end of life is not a task people look forward to. Confronting your mortality is an unwelcome exercise. Proper estate planning, however, can protect everything that you’ve worked hard for during your life. It can also save…
Many people in North Carolina own guns and use them for hunting, self-defense, or recreation (in controlled environments). But buying a gun often comes with a lot of rules, including who can and cannot legally use it. What’s more, your…
It’s crucial to understand the difference between probate and non-probate assets while drafting an estate plan. If you know how each works, you can make informed decisions about distributing them among your beneficiaries. Understanding the difference also ensures your assets…
Trusts are essential parts of estate planning. You can and should amend your trust if necessary. The transfer of your personal property held in a trust account occurs once you die so those contents don’t go to waste. When most…
One of the most critical decisions you can make when establishing an estate plan is who you will entrust with your power of attorney. Power of attorney is a legal document that authorizes a specific person to act on another’s…
Whether you’re crafting an estate plan for the first time or updating your existing will or trust, the goal is the same: to leave your loved ones well cared for in the event of your passing. By familiarizing yourself with…
Estate planning isn’t always easy. There can be many options when it comes to laying out how you want your estate divided. One option is a living trust. A living trust is established before a person passes away and spells…
Planning your estate and writing your will can give you peace of mind knowing that all of your hard-earned assets will go to the beneficiaries of your choice after your death. However, the process of distributing those assets does not…
