What is the difference between leaving money through a will and leaving it through a trust? – NC Short Answer In North Carolina, money left through a will passes only after death and usually goes through probate before the executor can distribute it. Money left through a trust is controlled by the trust terms, managed…
Can I update my will when my children are older or my family situation changes? – NC Short Answer Yes. In North Carolina, a will can usually be updated after children get older, after a marriage, divorce, move, birth, adoption, or other family change. The safest way is to sign a new will or a…
Do I have to put money into a trust ahead of time if my will leaves money to my children? – NC Short Answer No. In North Carolina, a will can leave money to children without placing that money into a trust during life. A parent may use a simple gift in the will, a…
What happens if my parent made a newer will and I only have a copy of the older one? – NC Short Answer In North Carolina, an older will does not control if a valid newer will revoked it. A copy of an older will may still matter, but the clerk of superior court will…
How do I know if my parent’s old will is still valid after they moved to another state? – NC Short Answer In North Carolina, an older will does not automatically become invalid just because a parent moved to another state. A will can still be valid if it was executed under North Carolina law,…
Can a court consider my written concerns about abusive relatives when deciding who should care for my children? – NC Short Answer Yes. In North Carolina, a parent can use a will to recommend who should serve as guardian for a minor child, and the clerk of superior court must give that recommendation substantial weight…
What documents do we need if we want to choose guardians for our children and also set up health care and financial decision-makers? – NC Short Answer In North Carolina, the core documents for this kind of plan are usually wills, a durable financial power of attorney, a health care power of attorney, and a…
What happens to custody decisions for my children after both parents pass away if I have already named my preferences in a will? – NC Short Answer In North Carolina, a will can strongly guide who should serve as guardian for minor children after both parents pass away, but it does not automatically decide custody.…
Can I put in a will who I do not want considered as guardian for my children? – NC Short Answer Yes. In North Carolina, a parent can use a will to recommend who should serve as guardian for a minor child if no parent survives, and that recommendation carries substantial weight with the clerk…
Can I put rental properties with mortgages into an LLC and then place that LLC into a trust? – NC Short Answer Yes, in North Carolina, rental properties can often be deeded into an LLC and the LLC ownership interests can then be assigned to a revocable trust. But a mortgage changes the analysis because…
