April 25, 2015Why you should not write your own will?
$99 Simple Will Online Click here to complete a simple will online. A simple will may be right for you if you plan to leave your assets to one person, or divide your assets equally among your children. Click here to find out more. North Carolina actually does allow people to write their own will. Typewritten (more…)
August 1, 2014Do I Need a Trust?
A trust is very useful when dealing with estate planning because it makes costs decrease and the confusion of estate planning and division much easier with a trust in place. Opening a trust is slightly expensive, so it will probably only be beneficial if you have a net worth of at least $100,000 and at (more…)
June 1, 2014Partition by Sale vs Partition in Kind
Partitioning is a division in real or personal property between co-owners. This typically occurs when property is inherited or passed down to heirs. There are two types of partitioning: Partition in Kind and Partition by Sale. These are described in Chapter 46 of the North Carolina General Statutes. Partition in Kind (also known as Actual (more…)
January 4, 2014Understanding Wills in North Carolina
$99 Simple Will Online Click here to complete a simple will online. A simple will may be right for you if you plan to leave your assets to one person, or divide your assets equally among your children. Click here to find out more. If someone dies, he/she loses control in any literal sense. ‘Succession’ (more…)
October 14, 2013General Power of Attorney
I tell people that I’m not entirely sure which is more important to have, legally, a will, or a general power of attorney. Most people know what a will does – the primary purpose of which is to see to it that certain people get assets after your death. Fewer people know what a power (more…)
August 1, 2013The Importance of a Will for Surviving Spouses
$99 Simple Will Online Click here to complete a simple will online. A simple will may be right for you if you plan to leave your assets to one person, or divide your assets equally among your children. Click here to find out more. The importance of having a will to pass along property and belongings (more…)
July 9, 2013Summary Administration of an Estate
The North Carolina General Statutes provide for a more simplified and streamlined process for estate administration when the surviving spouse is the sole beneficiary of the deceased spouse’s estate. This option for estate administration is found in North Carolina General Statutes Chapter 28A and is known as summary administration. To qualify for summary administration of an (more…)
March 19, 2013Advancements in North Carolina
The question of whether or not gifts made during the lifetime of a decedent is covered by the North Carolina law of advancements. Since we are dealing with a decedent, the estate administration laws of North Carolina are the controlling legal rules which to apply. An advancement is defined by North Carolina General Statute §29-2(1) (more…)
January 31, 2013Partition and Partition by Sale
Oftentimes, when individuals own real property with other individuals, conflicts regarding the property may arise. These conflicts and disagreements may not always be situations that can be resolved between the parties. To provide a remedy for situations in which these conflicts occur, North Carolina has enacted Chapter 46 of its General Statutes.
January 2, 2013Revocable Trusts
A lot of people hear the term “trust” and think that it is a legal device used only by the ultra-wealthy, but nothing could be farther from the truth. Many people uses living trusts or revocable trusts as a better method than a simple will to deal with property during and after death. There are (more…)