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Category Archives: trust & probate administration
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…
Strategies for selecting a legal guardian
For many parents in North Carolina, the task of choosing another person, couple or family to assume guardianship of their children can be a serious matter. Parents can only hope…
Tom Petty’s heirs in conflict over estate plan
North Carolina fans of the late musician Tom Petty may be aware that his family has been locked in a battle over his estate. At issue is the ambiguity of…
What to do about passwords in an estate plan
Some North Carolina residents who are creating an estate plan might not have considered what they need to do to ensure their executor or family members have access to any…
How the probate process can affect an estate plan
When people in Charlotte think about estate planning, they may consider where they want their belongings to go after they die. However, in many cases, they may not fully consider…
Star Aretha Franklin dies without a will
The death of legendary singer Aretha Franklin has shined a new spotlight for many North Carolina fans on the complications that can ensue from dying without a will. When the…
Responsibilities of trustees
A person in North Carolina who is the fiduciary for a trust has an obligation to manage that trust responsibly. If the person lacks financial experience, a professional can be…
Financial preparations for the future
Some people in North Carolina and other states across the United States will reach a point where they are incapacitated and unable to provide care for themselves without some kind…
What happens in the probate process
People in North Carolina who have been appointed executors of a loved one’s estate as well as those who have lost loved ones might wonder what the probate process is…
How to tell if an estate plan isn’t complete
Ideally, residents of North Carolina will review their estate plans on a regular basis. Failing to do so could mean that it is missing key components such as an advanced…
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