When North Carolina residents die, their estate may go through the probate process. This can be a long and expensive process that prevents beneficiaries from getting their inheritance. However, this process may be avoided if people create a trust to hold some or all...
Month: May 2017
How digital data can be handled after one’s death
Google’s innovations continue to amaze consumers and intrigue investors. Much has been said about its development of autonomous cars that will allow drivers to sit back and leave the driving to an onboard computer. Indeed, pieces of autonomous driving components...
Advantages and disadvantages of life estates
A North Carolina resident who has a home to pass to beneficiaries might want to consider a life estate as an alternative to using a will or a trust to transfer the property. The advantage of a life estate over a will is that the home will not be tied up in probate...
Trusts as estate planning vehicles
North Carolina residents who are interested in using trusts as part of their estate plan should know how many ways they can be used. People's financial circumstances as well as their financial and estate planning goals will be significant factors. Trusts can used to...
Wonder if Old McDonald had an estate plan?
Next to trucking, most people consider farming to be the backbone of this nation. Many North Carolina residents make their livings tilling the land and producing crops that provide sustenance and profit to millions of people from east to west. If you're part of a...
The duties of a trustee
North Carolina residents named as a trustee might wonder what their duties and responsibilities are. While they do not have to be a financial expert, they do need to manage the trust effectively. This may include making new investments to increase the value of the...
