Probate is the legal process through which people settle a deceased person's estate. In recent times, there has been a noticeable increase in the duration of probate proceedings. This extended timeline comes from multiple factors. Complex structures One of the primary...
When it comes to estate planning, executors play an important role by passing out assets and fulfilling the last wishes after an individual dies. However, several misconceptions surround this position, leading to confusion and potential complications. Debunking some...
The years of accumulating your savings may give you satisfaction since you know your children will inherit your money someday. However, you might have reasons for one or more of your loved ones to not get their inheritance all at once. Sometimes adult children get...
Closing out the estate of a deceased loved one and completing probate can help the surviving family members receive closure. This is why many families do their best to make probate as quick as possible. However, sometimes a court will reopen an estate and resume...
A will is likely the foundational element of your estate plan. When you created your estate plan, you probably put together a will before moving on to other documents. According to the CDC Foundation, a will is a legal document that lets you designate how you want to...
It can be a strong proactive decision to write a last will and testament early in life, but estate planning does not stop after drafting a will for the first time. After all, a will you wrote 20 years ago is very unlikely to reflect your desires, interests and...
If you do not write out a will, the state of North Carolina will disperse your estate based on intestacy laws. These laws establish a hierarchy of family members who could take possession of your property after your death. You probably worry the most about your...
Many people living in North Carolina cite similar reasons for why they have yet to create estate plans. Some feel as if they do not have enough assets to their name to warrant creating one. Others believe doing so is unnecessary because they do not, and do not plan...
When choosing your executor, you will want to know what they actually have to do before making your final selection. After all, it is not just important to pick someone who resonates with you and who understands you. You also need to pick someone up to the task....
Probate is the process of closing out an estate after a person dies. It is not an automatic process. A personal representative must start probate by filing the will with the probate court. But prior to this, there are a few other tasks a person may need to do....