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Category Archives: trust & probate administration
Does a power of attorney apply immediately?
As part of your estate plan, you may consider using a power of attorney. This document gives you the chance to legally choose an agent who can act on your…
The rules for handling debts during estate administration
The individual serving as the personal representative of a North Carolina estate has a lot of responsibilities to fulfill. They need to communicate with the courts, manage estate resources and…
How small estates qualify for probate shortcuts
It is no secret that probate can be extensive and complicated, depending on the amount and type of assets involved, among other considerations. Aside from the lengthy process, probate costs…
What should you consider before agreeing to be an executor?
Agreeing to be the executor of an estate is a big commitment and one that requires forethought. Overseeing the closure of someone’s estate is not something you should take lightly.…
How to appoint a guardian in your estate plan
You are not alone if you have children but no estate plan. Many people wrongfully believe that only wealthy people require an estate plan, but in reality, estate plans are…
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…
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.…
Do family members make the best executors?
When trying to choose an executor for your estate plan, it is likely that you will think of family members before anyone else. After all, you are likely closest to…
Why do sibling spats over estates happen?
Many people are likely familiar with the trope of families fighting over a deceased relative’s estate or will. Unfortunately, this actually happens in real life and can result in the…
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