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The estate planning lawyer team at Salines-Mondello Law Firm can assist you with your estate planning needs. Our legal team has deep experience with revocable living trusts, wills, durable healthcare powers of attorney, financial powers of attorney, and other custom estate management documents. If you are looking for an estate planning lawyer who understands how to protect your family under North Carolina law, please call Salines-Mondello Law Firm in Riegelwood, NC at (910) 777-5734 and ask to speak to our dedicated estate planning lawyer team today.

North Carolina residents frequently look for ways to manage their assets efficiently, and revocable living trusts have become a popular estate planning tool across Columbus County over the last few decades. Even though these tools are widely used, there is still a considerable amount of confusion and lack of understanding concerning the differences between a traditional North Carolina will and a revocable living trust. When you look at how the local court system handles property after someone passes away, the advantages of a revocable living trust over a will are significant for many families.

Some of the advantages include:

  • A will must go through the North Carolina probate court process before assets can be given to your heirs. A revocable living trust does not require court involvement to distribute your property.
  • The probate process is an expensive process which includes executor fees, attorney fees, court filing costs, and possibly extraordinary fees if the estate is complicated. The fees and management costs of a revocable living trust are usually minimal in comparison to a will and the lengthy probate court process.
  • The probate court process takes time to be completed, often leaving family members waiting for their inheritance. Even relatively simple estates in North Carolina can take well in excess of one year to complete, and usually more if there are property sales involved.
  • A will is a public document that is filed with the clerk of court after you pass away. It can be viewed by anyone who wants to search the public records. A revocable living trust is a private document that can only be viewed by the named beneficiaries and trustees.
  • North Carolina probate court fees and executor commissions are often tied to the overall value of the personal property in the estate. When you account for attorney fees and court costs, an estate valued at several hundred thousand dollars can easily lose thousands of dollars to administrative expenses. By contrast, a revocable living trust allows you to transfer your real estate and personal property directly to your loved ones without these court-mandated percentages shrinking your estate.
  • A revocable living trust can minimize or avoid completely certain administrative delays and tax burdens that might otherwise impact your family within nine months of the date of death in many instances that a traditional will cannot avoid.

How Salines-Mondello Can Help Your Family

Serving North Carolinians throughout the Riegelwood area, Salines-Mondello Law Firm can work with you to provide peace of mind in relation to your estate so that through careful planning, you and your loved ones can avoid the costly and time-intensive probate system. Founder Lisa Salines-Mondello and her team focus on building clear strategies that protect your home, savings, and family harmony.

Contact Salines-Mondello Law Firm or call (910) 777-5734 to arrange a consultation today. We are easy to get to and look forward to helping you establish a secure legacy.

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