What documents should I have in place to protect my family and my home as I get older? – North Carolina Short Answer In North Carolina, most older homeowners benefit from a coordinated set of documents that covers (1) lifetime decision-making if incapacity happens and (2) what happens to the home and other assets at…
What happens if my spouse can’t or won’t sign the documents? – North Carolina Short Answer In North Carolina, it depends on what the documents are meant to do. Some estate-planning documents only require the person making the document to sign, while others require a spouse’s signature to waive certain marital rights (most commonly with…
How can I let someone take specific furniture and household items before the house is sold or donated? – North Carolina Short Answer In North Carolina, the cleanest way to let someone take specific furniture or household items before a home is sold or donated is to make a clear, documented lifetime gift and actually…
How do successor trustees step in if I become incapacitated, and what authority would they have over the properties? – North Carolina Short Answer In North Carolina, a successor trustee steps in the way the trust document says—usually after a defined “incapacity” trigger is met and the named successor accepts the role. Once serving, the…
What information and documents do I need to get started with creating a trust? – North Carolina Short Answer To get started creating a trust in North Carolina, the key information is (1) who will create the trust and manage it (trustee and successor trustee), (2) who will benefit and when, and (3) what property…
How do we sign and return the documents if we can’t come into the office? – North Carolina Short Answer In North Carolina, most estate planning documents can be signed and returned without an office visit, but the correct method depends on whether the documents require witnesses, notarization, or both. Many documents can be signed…
How do I update my estate plan so my home goes to my adult children the way I want? – North Carolina Short Answer In North Carolina, the most common way to make sure a home goes to adult children “the way it is supposed to” is to update (or create) a properly signed will…
If I don’t have anyone I trust for a power of attorney, can I still set up a living will and make sure my end-of-life wishes are followed? – North Carolina Short Answer Yes. In North Carolina, a living will (called an “Advance Directive for a Natural Death”) can be signed even if no health…
Do I have to move my house, cars, and other assets into the trust for it to work? – North Carolina Short Answer In North Carolina, a trust generally only controls the assets that are actually transferred into it (often called “funding” the trust). If a home, vehicle, or account stays in an individual name,…
Do I still need a will if I set up a trust? – North Carolina Short Answer In North Carolina, most people still need a will even if they set up a trust. A trust controls the assets that are actually titled in the trust (or payable to it), but a will acts as a…