Understanding the role of trusts can be crucial when planning your estate. Unlike a basic will, which primarily outlines your wishes after passing, a trust allows you to manage your assets during your lifetime and beyond. Trusts provide several advantages, such as...
Criminal Defense And Civil Practice Litigation Lawyers Serving The Piedmont Of North Carolina
Estate Planning
How can a trust benefit you?
In the intricate realm of estate planning, trusts are a cornerstone. They not only offer a sense of security but also weave a seamless tapestry for the transfer of assets. Understanding how trusts play a huge role in this process helps ensure that people follow your...
When should you update your will and estate?
Planning for the future is a responsible task that often involves creating a will and establishing an estate plan. However, life is dynamic and circumstances change. To ensure that other people know your real wishes, it is important to revisit and update your will and...
How to avoid estate planning mistakes
Estate planning ensures the proper distribution of assets after you are no longer around. Accordingly, mistakes during the estate planning process can lead to many complications and unintended outcomes. Here are some important pointers that can help you sidestep...
How can you prove you are not exerting undue influence?
When you are helping your elderly parents craft a will, the amount of inheritance you get may be a lot larger than what your siblings or other beneficiaries get. If someone claims that you are guilty of undue influence over your parents, you could wonder what that...
How can you help prove there is no undue influence?
When you discuss the future with your elderly parents, they may mention that they are leaving you more of the inheritance than your siblings. In some cases, this could bring on accusations of undue influence on their will if you spend a lot of time alone with your...
What are an executor’s duties?
When choosing your executor, you want to keep several things in mind. First, you want someone who is on the same page and whose values align with yours. You want the best representation when you no longer have a voice. However, you also need to keep in mind the actual...
Why do I need a will or trust and what is the difference between them?
Writing a will and filing it with the court ensures that your relatives do not have to guess at your wishes. A trust differs from a will in that your relatives can use it while you are still alive. You may wish to rely on the advice of reliable court sources such as...
5 estate planning mistakes and how to avoid making them
If you are ready to move forward with creating your estate plan, you will want to have everything in order from the start. In an effort not to leave anything to chance, here are five common estate planning mistakes and suggestions on how to avoid them. 1. Forgetting...
Who should serve as the executor of an estate?
When deciding who will serve as the executor of an estate, it is important to understand what sort of tasks the executor must carry out. Though the duties will change depending on the estate plan itself, many of the responsibilities will remain the same across the...