People in North Carolina who have created a trust-based estate plan might also want to have a pour-over will. There are several reasons this may be a good idea. A pour-over will places a person's assets in the trust if they have not already been put there or are not...
What to do if a family member must be disinherited
An estate owner in North Carolina who wishes to disinherit a family member may want to discuss the process with a professional. Simply leaving a person out of a will or even other actions may be insufficient to stop the person from successfully challenging the...
Siblings can sometimes make estate administration difficult
It is not unusual for many people to consider their relationships with their siblings contemptuous. Years of sibling rivalry may have made it difficult for you and your siblings to get along as well as you may have hoped. Now that your parent has passed, you may have...
What happens to an estate plan if both spouses die
People in North Carolina might be aware that the death of George H. W. Bush, the former president, occurred just eight months after the death of his wife, Barbara Bush. The two were married for decades. It is not unusual for spouses who are married for a long time and...
What to know about federal estate tax laws
Those living in North Carolina or any other state have the right to gift up to $11.18 million without any estate tax implication. The exemption amount was increased from around $5 million as per the Tax Cuts and Jobs Act (TCJA). However, the exemption is planned to...
