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Estate Planning Q&A Series

What’s the difference between putting my home in a life estate versus a trust, and can my existing deed or paperwork be changed if it uses the wrong language? nc

What’s the difference between putting my home in a life estate versus a trust, and can my existing deed or paperwork be changed if it uses the wrong language? – North Carolina Short Answer In North Carolina, a life estate deed and a trust can both control who gets a home after death, but they…

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Probate Q&A Series

Can a power of attorney transfer the decedent’s primary residence to themself before death, and how do I challenge that deed if it kept the property out of probate? NC

Can a power of attorney transfer the decedent’s primary residence to themself before death, and how do I challenge that deed if it kept the property out of probate? – North Carolina Short Answer In North Carolina, an agent acting under a power of attorney (POA) generally cannot deed the principal’s house to themself as…

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Partition Action Q&A Series

If an insurance claim check was issued for property damage, what happens to that money if the home is sold as-is or foreclosed before repairs are completed? nc

If an insurance claim check was issued for property damage, what happens to that money if the home is sold as-is or foreclosed before repairs are completed? – North Carolina Short Answer In North Carolina, insurance claim money tied to damage on a mortgaged home usually does not automatically “follow” the sellers if the home…

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Probate Q&A Series

How do I find out who the beneficiary is on a work life insurance policy and what should I do if the benefits company has the wrong mailing address? nc

How do I find out who the beneficiary is on a work life insurance policy and what should I do if the benefits company has the wrong mailing address? – North Carolina Short Answer In North Carolina, the fastest way to learn who is listed as beneficiary on an employer-provided (work) life insurance policy is…

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