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What should you expect from an executor?
An estate executor has important responsibilities to accomplish including selling assets and settling debts. The person you assign to this role will handle your financial affairs and have access to…
2 Myths about second marriages and estate planning
Most people do not worry about their estate plans until they age. However, at this point, you may be in your second marriage, and you and your spouse may have…
How long will it take to close your estate?
Choosing an executor is a critical part of estate planning and one that requires time and thought. The person you select should have adequate availability to oversee the many responsibilities…
Using charitable giving as part of your estate plan
When you hear the word “heirs,” you most likely think of close family or friends. However, you can also name charitable organizations as beneficiaries of your estate plan. Gifting your…
Finetuning your will to reinforce your estate plan
Having a will provides a great point of reference for your surviving family members as they prepare to close your estate. It can also provide visual reassurance to you that…
Preparing for your role as an executor
Having the responsibility of closing an estate requires time, patience and organization. Prior to accepting a request to be an executor, make sure you understand what your obligations will be.…
Power of attorney abuses to look out for
A power of attorney (POA) is a legal document that gives another person the authority to make decisions on your behalf. Several types of POAs exist, including a durable POA,…
The difference between an individual and corporate trustee
Establishing a trust can be an excellent decision for your financial legacy. However, with the establishment of a trust, you have to make several important decisions, includingestablishing a trustee. You…
Will your estate have to pay taxes?
North Carolina does not impose an estate tax at the state level. But you will need to plan ahead for estate taxes from the federal government. The good news is…
Should you include a letter of intent in your estate plan?
If your estate includes special needs planning for a child who will require lifelong care, you may consider including a letter of intent. This letter is not a legal requirement,…
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