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Category Archives: trust & probate administration
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…
How digital data can be handled after one’s death
Google’s innovations continue to amaze consumers and intrigue investors. Much has been said about its development of autonomous cars that will allow drivers to sit back and leave the driving…
The duties of a trustee
North Carolina residents named as a trustee might wonder what their duties and responsibilities are. While they do not have to be a financial expert, they do need to manage…
Common methods to avoid probate
The probate process may take several months to complete and cost thousands of dollars in legal fees. However, there are ways in which North Carolina residents may be able to…
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