Estate Planning: Non-Probate Transfers

The probate process typically required filing a Will and appointing an executor or administrator, collecting assets, paying bills, filing taxes, distributing property to heirs, and filing a final account. This can be a costly and time consuming process, which is why some people try to avoid probate by having only non-probate assets. Non-Probate assets can (more…)

What To Do If The State Has Unclaimed Funds That Belong To You Or A Loved One

If you are faced with a situation in which the State has funds that belong to you or potentially belong to a loved one who has since passed, there is a way to reclaim to those funds. In South Carolina millions of dollars are transferred to the State’s unclaimed funds program annually by companies that (more…)

What To Do If The State Has Unclaimed Funds That Belong To You Or A Loved One

If you are faced with a situation in which the State has funds that belong to you or potentially belong to a loved one who has since passed, there is a way to reclaim to those funds. In South Carolina millions of dollars are transferred to the State’s unclaimed funds program annually by companies that (more…)

How to do an Informal Estate Administration and Probate

The administration of an estate under the jurisdiction of the Clerk is generally required when the decedent owned personal property in the decedent’s sole name.  However, in some types of estate, a full administration may not be required.  In such cases, a small estate may be appropriate or no administration at all. Estate administration may (more…)

Safe Deposit Boxes in Estates

If you’ve ever been responsible for handling a loved one’s estate, you may have experienced the tedious procedures of getting into the safety deposit box.  If the decedent owned or rented a safe deposit box, it will be necessary to inventory the contents of the box. If the Personal Representative (i.e., Executor or Administrator) cannot (more…)

Preparing to Open an Estate

Have you lost a loved one and you’re facing the task of opening that person’s estate?  Whether you have been named an Executor in a will or you have searched and cannot find a will, there are several things you should do as you prepare for the administration or probate of your loved one’s estate. (more…)

Why Its Important To Name a Power of Attorney

You may have just recently prepared a will or a trust to plan how you want your personal and financial matters handled after your death, but just as equally important is naming a Power of Attorney. A Power of Attorney (POA) is someone you appoint to make legal, financial, and health decisions on your behalf (more…)

What To Do If Your Loved One Passes Away and Has a Will

  If you have recently lost a loved one, the last thing you want to do is deal with their estate. At King Law Offices, we handle estate matters on a regular basis and would be glad to help you settle the estate for your loved one. When beginning an estate, the first step is (more…)

Can I Handwrite My Own Homemade Will?

As I speak to various groups and organizations about estate planning, I am periodically asked whether it is “legal” to simply handwrite a will.  The short answer to this question is yes, but there are several precautions one should keep in mind before doing so. NCGS Section 31-3.4 recognizes holographic wills and provides as follows: (more…)

What is “Capacity” to Sign Estate Planning Documents?

Estate planning documents can lead to all sorts of issues among those left behind. Occasionally, somebody isn’t happy with what they received according to the will or trust that the deceased created prior to their death. And some folks just want to cause issues with family members they don’t deem worthy of the assets they (more…)