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...
Estate Planning
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...
Consider the various tools available to you in estate planning
It is a curious dichotomy that most North Carolina residents probably know how important estate planning is, yet many people don't actually have estate planning documents in place. But, it is also somewhat understandable because, for some people, the estate planning...
Overview of the Medicaid look-back period
Previous posts on this blog have touched on the fact that couples in North Carolina who are advancing in years may need to think about how to plan for a long-term stay in a nursing home or other facility.Because private insurance is expensive and many people just do...