There are a variety of ways for you to create your will. However, you do it, the most important thing is for you to ensure that it is legal. One option you may consider is a handwritten or holographic will. This type of document may not work in all situations because...
Estate Planning
3 reasons young couples should have an estate plan
When starting out as a newly married couple, you may feel like estate planning only applies to older, wealthy couples. According to a Caring.com survey, one in three people claim not having enough assets as the reason for not having a will. In reality, even young...
Steps to prevent a will contest
Most people consider estate planning as a comprehensive process and do not give much thought to the risk of loved ones contesting the will. Unfortunately, contesting a will is easier than you might think. The good news is that there are things you can do to reduce the...
How should I set up a springing power of attorney?
A medical power of attorney is someone you designate to make health care decisions for you in the event you become incapacitated due to injury or illness. However, you may worry about giving so much power to another person. One option is to create a springing...
What are advance directives and how important are they?
When thinking about your will, you may start to wonder what would happen in an emergency situation. If you get hurt, you could be in the hospital and unresponsive, which would mean someone else would have to make medical decisions for you. Learning about advance...
3 things your future executor should know
When you create your North Carolina estate plan, an important part of doing so involves naming an executor, or a personal representative, who is going to manage your estate once you die. Most people name an executor in whom they have a great deal of trust, but there...
The difference between a will and a trust
Estate planning is essential for any individual with significant assets and potential beneficiaries who may inherit them. This process establishes a legal procedure for how, where, why and to whom to transfer certain assets following your death, so the future of your...
Planning for the unexpected with a living will
Especially if otherwise healthy, few people want to consider their mortality or the possibility of suffering physical or mental incapacity. However, serious injuries or illnesses may strike without warning, leaving people unable to speak and make medical decisions for...
Do you have any standing to contest a will?
If you ended up getting a reduced portion of an estate or even cut out of a will entirely, your first reaction may be to lash out and try to get the will invalidated. Even if your reasons for frustration are valid, you cannot simply contest a will for no reason. It is...
What 3 elements does a basic estate plan need?
Everyone benefits from having an estate plan, but as you age, your family grows and you acquire more assets, having a North Carolina estate plan in place becomes particularly important. Like many, you may have put off estate planning because you feel it takes too much...