How do mutual wills differ from separate individual wills? – North Carolina Short Answer In North Carolina, “mutual wills” usually means two separate wills with matching terms. Unless those wills (or a separate written agreement) clearly say they are a binding contract, either spouse can change their will at any time. By contrast, ordinary separate…
What estate planning documents should I consider after a spouse’s death? – North Carolina Short Answer In North Carolina, you typically update your will (often by signing a new one), refresh your financial power of attorney, health care power of attorney, and advance directive, and review all beneficiary designations. Your twenty-year-old will likely remains valid,…
How do I change the beneficiaries in my will now that my spouse has passed? – North Carolina Short Answer In North Carolina, you change who inherits under your will by signing either a new will or a codicil (an amendment) with the same formalities as a will: your signature plus two witnesses. Handwritten edits…
Do I need to create a completely new will or can I amend my existing one? – North Carolina Short Answer Under North Carolina law, you can amend an existing will with a codicil, but the codicil must be signed with the same formalities as a will. If your will is old or you want…
How can I find out if my old will is still legally valid after my spouse’s death? – North Carolina Short Answer In North Carolina, a will stays valid until you revoke it or replace it with a new, properly executed document. Your spouse’s death does not cancel your will. If your old will was…
How can I make sure my wishes for burial instead of cremation are clearly documented in my estate plan? – North Carolina Short Answer In North Carolina, put your wishes in at least one controlling document that decision‑makers and the funeral home can use immediately: a Health Care Power of Attorney that expressly authorizes your…
Do I need to name backup agents for my financial and healthcare powers of attorney? – North Carolina Short Answer North Carolina law does not require you to name backup (successor) agents, but it is strongly recommended for both financial and health care powers of attorney. If your chosen agent cannot serve and no successor…
Can I use a personal property memo to leave specific items to one child without rewriting my entire will? – North Carolina Short Answer Yes. North Carolina lets a will refer to a separate written list (often called a personal property memorandum) to give specific tangible personal items to named recipients without redoing the whole…
What happens if both of my co-executors are unable to serve and I haven’t named a backup executor? – North Carolina Short Answer In North Carolina, if all named executors cannot serve and no successor is named, the Clerk of Superior Court appoints an administrator c.t.a. (with the will attached) to carry out the will.…
How do I add pay-on-death beneficiaries to my bank and investment accounts? – North Carolina Short Answer In North Carolina, you add beneficiaries by completing your bank’s Payable on Death (POD) form and your brokerage’s Transfer on Death (TOD) registration for investment accounts. These designations pass the funds directly to your named beneficiaries at your…