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Yearly Archives: 2020
What does an executor do?
Being named a personal representative, also known as an executor, in a loved one’s will is a huge responsibility. The executor of a will has many duties, from paying beneficiaries…
3 reasons to start business succession planning today
Starting and growing a small business usually requires a tremendous amount of time, money and effort. Still, most small business owners do not have a succession plan. It takes time…
How does a special needs trust affect SSI?
Creating a special needs trust is necessary if you have a child or dependent with special needs. However, persons with special needs often benefit from supplemental Security income (SSI) government…
What is fiduciary duty?
When you take on the duties of administrator of someone’s estate or trustee of someone’s trust, you become a fiduciary. FindLaw explains that as such, you must work for the…
What are some pros and cons of a testamentary trust?
There are many examples of trusts when you get into estate planning. It is why you might want a second opinion since there is such a range to consider. You…
Is establishing a special needs trust necessary for our child?
There may be days when it feels like you and your spouse are the only people in North Carolina who genuinely understand what your son or daughter requires to thrive.…
How do wills and living trusts differ?
Planning for the future of your loved ones by preparing a will can help secure their futures, but perhaps you are unsure about where to begin. This issue is likely…
What is the Uniform Power of Attorney Act?
You decide the time has come to put your affairs in order. Estate planning may be a long and drawn-out affair. If you have people around whom you trust, the…
How do you choose an executor?
When North Carolina residents begin to craft a will or estate plan, there are many things to do. But one of the first things is finding an executor for your…
Initial tasks for executors of a loved ones will
As an executor of a North Carolina will, you have a lot of work ahead of you. Chances are at least a portion of the estate must go through probate.…
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