When it comes time to create an estate plan, you might find yourself worried about how your loved ones will use the wealth that you’ve worked hard to accumulate over the years. This is understandable. After all, you’ve probably heard stories about inheritances being...
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Estate Planning
Tips for properly planning for long-term care needs
When it comes to estate planning, a lot of the focus is on asset distribution. While this is certainly a key part of the estate planning process, it’s not the only critical issue that you’ll want to address in your plan. There are a whole host of other issues that if...
How are different types of wills probated in North Carolina?
In North Carolina, there are different ways in which people create a will. This frequently depends on the circumstances they are facing. Some people are well-prepared and have the will written, witnessed and executed in advance. In other cases, they may need to make a...
What should I know about creating and revoking a will?
In North Carolina, estate planning is often pushed off to the side. In some cases, people simply do not want to think about it. In others, they do not think they have sufficient assets or a family to make it a priority. Regardless of the reasons, failure to plan an...
Intestate succession in North Carolina
It can be tough to think about the future and planning for the end of one’s own life. Few people work hard for most of their lives just to leave their money and property to others, but the reality is that many individuals die with real and personal property to their...
The job of an executor
An estate is the money and property owned by an individual at the time of death. This includes real estate, cash, stocks and other assets the person owns or has a controlling interest in. As part of the estate planning process, a person chooses an executor to oversee...
Estate planning may include business succession
When a spouse and children rely on a family-owned business for their support, an unexpected loss could result in financial devastation. Without plans for a competent individual to take over the business, a small family-owned enterprise may come to a sudden and...
Avoiding estate taxes
Experts recommend that people in Rocky Mount begin the estate planning process early on in their adult lives. Doing so provides one with ample time to optimize their planning efforts towards preserving assets for their beneficiaries. That is what makes the prospect of...
Should you update your estate plan?
Residents of North Carolina like you take time and care to make your estate plan. You ensure that it suits your needs and wants in the current moment. But what about the future? What if you come across a time where your current estate plan no longer suits your needs?...
Why is having an estate plan in place so important?
There are many people in eastern North Carolina who do not have an estate plan in place, but who realize that they probably need to get around to taking care of this important task sooner rather than later. But some may simply ask, why is having an estate plan in...