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Category Archives: trust & probate administration
Possible benefits of avoiding probate
When North Carolina residents die, their assets may need to go through probate. However, there are strategies that a person may employ to skip this process. This may allow an…
Planning for health care during retirement
When making plans for their retirement, North Carolina residents should remember to also include their health care. This is one aspect of retirement that some people fail to plan for,…
How to make the role of executor easier to handle
If a North Carolina resident is named the executor of an estate, that person is responsible for overseeing and protecting an estate’s assets throughout the probate process. While the job…
Digital assets as part of an estate plan
North Carolina residents should incorporate digital asset planning as part of their overall estate plan. This may make it easier for others to clean out, shut down or otherwise manage…
The importance of keeping beneficiary designations current
People in North Carolina who are creating an estate plan should make sure they remember to include beneficiary designations. These are the individuals who receive assets such as retirement accounts…
Using transfer on death to bypass probate
North Carolina residents might wonder how they can arrange their estates to avoid probate. One man named his daughter as a beneficiary on investments and left her his car and…
Risk mitigation for trustees
As an increasing number of North Carolina residents are establishing new estate plans, trusts are becoming more complex. Today’s trusts contain many more assets, including entire businesses. As new trusts…
Choosing the right trustee
There are several factors North Carolina residents who are setting up a trust should consider when choosing a trustee. It is important to choose someone who agrees to be a…
Plans for long-term living assistance in North Carolina
According to a survey recently conducted by the Associated Press-NORC Center for Public Affairs Research, just 33 percent of older Americans have saved enough money to pay for long-term care…
Irrevocable life insurance trust administration
An irrevocable life insurance trust may have many estate planning benefits when drafted and administered properly. Trustees in North Carolina are urged to be aware of their fiduciary duties, which…
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