Do we need to sign a new power of attorney, or can the existing one be amended to make it durable and immediately effective? – North Carolina Short Answer Under North Carolina law, a financial power of attorney that is already signed cannot simply be “edited” or hand-marked to change it from a springing form…
What steps should I take to satisfy or bypass the current springing conditions in the document? – North Carolina Short Answer Under North Carolina law, a springing durable power of attorney usually cannot just be “turned into” an immediate power by marking it up or verbally agreeing to ignore its conditions. The options are to…
Will moving to assisted living in a different area affect whether the existing power of attorney is valid or honored by banks? – North Carolina Short Answer Under North Carolina law, simply moving to assisted living in a different city or county does not, by itself, cancel a properly signed and notarized financial power of…
Can my parent sign a new immediate durable power of attorney and revoke the old one, and what steps are involved? – North Carolina Short Answer Under North Carolina law, a competent adult may sign a new durable power of attorney that is effective immediately and revoke a prior one. The new document must meet…
What is the practical difference between a revocable and an irrevocable trust for asset protection, and which makes sense for us? – North Carolina Short Answer Under North Carolina law, a standard revocable living trust is excellent for probate avoidance and management if someone becomes incapacitated, but it does not protect assets from long-term care…
Can a beneficiary or family member serve as a witness to my will? – North Carolina Short Answer Under North Carolina law, a beneficiary or family member may serve as a witness to a will, but doing so can cause that person to lose what the will leaves to them unless there are at least…
How do I make my will self-proving so it is easier to accept later? – North Carolina Short Answer Under North Carolina law, a will becomes self-proving when the testator and the required witnesses sign sworn statements (affidavits) in front of a notary or other officer authorized to administer oaths, using the statutory self-proving form…
Do the witnesses need to watch me sign at the same time, or can they sign separately? – North Carolina Short Answer Under North Carolina law, the witnesses do not have to watch the will signing at the same time, and they do not have to sign in each other’s presence. The testator must sign…
North Carolina Estate Planning Lawyer Guide to the New Electronically Stored Will Short answer: A North Carolina estate planning lawyer can now help you keep a traditional written will in a secure electronic format, so it can be offered for probate later even if the original paper document is lost. If you want your wishes…
Do I need a notary in addition to witnesses to make my will valid? – North Carolina Short Answer Under North Carolina law, a typed (attested) will is valid if it is properly signed by the person making the will and witnessed by at least two competent witnesses; notarization is not required for validity. A…