If I already have a power of attorney, do I still need a will or a trust? – North Carolina Short Answer Usually, yes. In North Carolina, a power of attorney mainly helps someone manage finances and property during life (especially during incapacity), but it generally does not control what happens to property at death.…
Can my parent include multiple properties and financial accounts in the same trust, and how does that work? – North Carolina Short Answer Yes. In North Carolina, a parent can use one trust (often a revocable living trust) to hold multiple assets, including more than one piece of real estate and multiple financial accounts. The…
Can my military-related benefits be directed into a special needs trust for my child if I pass away? – North Carolina Short Answer Often, yes—many military-related death benefits and financial accounts can be directed to a properly drafted special needs trust by naming the trust as the beneficiary or by routing the benefit through an…
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…
