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How can I use a generation-skipping trust to secure long-term care for my child?: North Carolina

How can I use a generation-skipping trust to secure long-term care for my child? – North Carolina Short Answer In North Carolina, a generation-skipping trust can fund your child’s long-term care by placing assets in a trustee’s discretionary or supplemental needs subtrust for your child, while preserving the remainder for later generations. If an existing…

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Probate Q&A Series ·

How can I close a deceased person’s bank account if the bank says they can only issue the check to the state or estate?: North Carolina

How can I close a deceased person’s bank account if the bank says they can only issue the check to the state or estate? – North Carolina Short Answer In North Carolina, a bank generally issues funds from a deceased person’s account only to a legally authorized recipient: the “Estate of [Name]” (through a personal…

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What are the benefits of placing an LLC and other assets under a trust structure?: North Carolina

What are the benefits of placing an LLC and other assets under a trust structure? – North Carolina Short Answer In North Carolina, moving your LLC membership interest and other assets into a properly funded revocable living trust can streamline incapacity and after-death transitions, avoid probate for assets titled in the trust, preserve privacy, and…

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Real Estate Q&A Series ·

How do I handle a seller who directs all communication to their lawyer?: North Carolina Real Estate

How do I handle a seller who directs all communication to their lawyer? – North Carolina Short Answer In North Carolina, once a seller says they are represented, route deal-related communications through the seller’s attorney. That approach respects legal boundaries and keeps negotiations organized. Get your own attorney involved to clarify the “garage” issue in…

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Attorney Jared Pierce
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