Less than 50% of people with a salary of $80,000 or more have any estate planning documents, and up to 71.6% of Americans don’t have an up-to-date will. While estate planning may seem unnecessary when you’re in good health, ...
Everyone will find themselves in need of an attorney at some point in their lives. Trustworthy legal advice can be indispensable, especially if you are going through a life-changing situation such as a divorce, a death in the family, ...
There are a lot of misconceptions about Estate Planning. Most people believe that you have to be wealthy. That simply isn’t the case. Everyone should think about this as one moves through the various milestones of life such as ...
In lieu of an intestate share or elective share, a surviving spouse may choose to take a life estate in one-third of the value of all real property owned by a deceased spouse during the marriage. A life estate is not the same as full ...
My mother left quite a large estate which included many valuable pieces of jewelry. My sister and her daughters have gone through the jewelry and taken several items even though we haven’t been through probate. Can we decrease her ...
As lawyers like to say, “It depends.” When a person dies, his or her entire financial life must be wound up, and every estate is different. Assets must be found, creditors identified and paid, and assets distributed to the proper ...
After our parents died, we were very surprised to learn that they had a great deal of credit card debt. Can the credit card companies force the estate to pay the debt? What many people don’t realize is that when a person dies, his or ...
First, go to the Will which may state what your executor’s fee will be. If the Will is silent, North Carolina statutory law provides that you, as the executor, can receive up to 5% of the value of all personal property filed with the ...
Not normally. A Durable Power of Attorney authorizes your agent (called an “attorney-in-fact”) primarily to conduct financial transactions on your behalf. You should execute a Health Care Power of Attorney so your “health care ...