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Category Archives: Estate Planning
How to Choose an Estate Planning Attorney in North Carolina 2023?
Planning for your future involves a multitude of personal, significant details that need to be addressed, which is why you want to make sure you work with an attorney you can trust. However, you need to know what to look for when selecting an attorney. That’s why we gathered some of our top tips for helping you find…
How Much Does Estate Planning Cost in North Carolina? (2023)
For any legal work, the price for these services is always a primary consideration for clients, especially when it comes to estate planning. From drafting wills or trusts to verifying financial account information, the pricing and extent of an estate planning attorney’s fees can vary from firm to firm. Understanding these fees is the first step in the…
THE IMPORTANCE OF ADDING CRYPTOCURRENCY TO YOUR ESTATE PLAN
Cryptocurrencies such as Bitcoin, Ethereum, and others have become popular investments for people around the country. While digital assets like these aren’t new, some don’t realize how important adding these assets to their estate plan is. After all, even if your family knows you have purchased cryptocurrency and know how to access the keys, it doesn’t mean they can take…
WHAT CAN A WILL DO FOR YOU?
It is a common misconception that estate planning is only for those with considerable wealth or those who have reached the latter stages of life. In truth, estate planning can bring numerous benefits to a vast array of people. Reluctance over estate planning places your final wishes at risk and could put undue stress on your family members.…
What is estate planning fraud, and how can I avoid it?
When you create an estate plan, your goal is to ensure that your wishes will be honored when you pass on and that the probate process will be as stress-free as possible. Ideally, a properly written will and other estate planning tools can help address most questions and potential controversies during the probate process. But what happens when…
EVEN AN ADULT MAY BE TOO YOUNG TO GET AN INHERITANCE DIRECTLY
One tactic to keep someone from getting an inheritance as soon as you pass away is to put it in a trust. When you die, the money is then put in the trust, and the trustee has the job of giving the money to that individual at a certain point. This is often done when an heir is a minor…
HOW HAVING AN ESTATE PLAN CAN HELP YOUR FAMILY
Discussing what happens in the event of your death is often thought of as a morbid subject. However, this is a damaging misconception rather than reality. The truth is, having a sound estate plan is positive both for you and your loved ones. Any asset that you have is worth protecting, and any final wishes that you have…
WHAT DEBTS NEED TO BE PAID DURING PROBATE PROCEEDINGS?
Serving as the executor of someone’s estate is a big responsibility. You have to submit their estate plan to the probate court and distribute their property to their family members and loved ones, among other responsibilities. However, before you can take the step of distributing the deceased person’s assets, you will first need to settle the outstanding accounts…
WHAT DO YOU DO IF YOUR HEIR IS UNDER 18 YEARS OF AGE?
Writing a will allows you to select people who should receive your assets. When you pass away, your assets are all gathered, debts are paid, and then what is left goes to the people named in the will. If all of your heirs are adults, this may feel like an easy and natural process. You hand them the…
3 THINGS TO BE WHEN EXECUTING AN ESTATE
Executing an estate gets easier the more you do it. Yet, most people only ever do it once, meaning they are likely to make mistakes that cost time, money, and, in some cases, trust. If you are named as executor, it is likely by a close family member or friend. Therefore, trust, time and money take on extra…
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