Will vs. Living Trust: Which One Should I Choose?

Estate planning is about protecting your loved ones and executing your wishes after you die. Many people assume the best way to do this is through a will. However, a living trust achieves many of the same purposes with some unique advantages. Let’s review the difference. The Difference Between and Will and a Living Trust…

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What Happens to Debt When You Die in North Carolina?

When approaching estate planning in North Carolina, many people ask what happens to debt when they pass away. The short answer to this question is “it depends.” Your debt might pass on to your loved ones, creditors might come after your estate, or creditors could be out of luck. Let’s review the different scenarios. The…

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What is a Will and Why Do I Need One in North Carolina?

Estate planning attorneys in North Carolina run across a lot of misconceptions when it comes to wills. To help set the record straight, we offer some examples of what a will can do for you and why it is a good idea for everyone to establish a will. Understanding the Power of a Will At…

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Estate Planning for Families with Special Needs Children in North Carolina

In many ways, estate planning for special needs children is a balancing game. Too much annual income and principal, or too much monthly income, could negatively impact your child’s future eligibility for benefits. That is why estate planning and taking your time to understand the different ways you can provide for your child will help…

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9 Major Life Events That Should Encourage You to Update Your Estate Plan

An estate plan is not necessarily something you can fix in place and then forget. When your life undergoes a significant change, you will probably want to make some adjustments to ensure that your plan still functions accordingly. Let’s review a few major life events that provide good reasons to update your estate plan. 1.…

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Critical Estate Planning Documents for Young Adults

Once your child turns eighteen, you, as a parent, lose the legal right to make decisions for your young adult. You even lose access to basic information about health or finances. If your child suffers a medical emergency, you may be left helpless when it comes to making any decision for your child. This is…

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Can a Will Help You Avoid Probate?

People often assume that having a will is enough to keep their estate from going through the probate process after their death. What is Probate? In a nutshell, probate is a legal process during which a deceased person’s estate is reviewed and administered by court-appointed representatives. Depending on the circumstance, it can take months, even…

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Healthcare Decision Making As Part Of Your Estate Plan

When you think of estate planning, a trust or will may come to mind. While these are important parts of any estate plan, many people overlook the equal importance of having a healthcare directive as a part of their complete estate planning package. As a result of the COVID-19 pandemic, the necessity of having a thorough estate…

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What Happens if I Don’t Have a Will or Trust?

Most people have heard it is in their interest to establish a will and/or trust.  These important legal documents set the stage for your loved ones to receive the money, real estate and other assets they need when you pass away.  Think of your will or trust as an opportunity to control your assets rather…

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How to Hold an Estate Planning “Fire Drill”

Just like fire drills in elementary school let students know what to do in the event of a fire, an estate planning “fire drill” helps your family know what to do after you die or become incapacitated. Holding this type of family meeting after creating your estate plan can be invaluable in the process of…

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