What is a Will?
A will is a legal document which states what a person wants to happen to his or her property upon their death. A will is one of the most important documents in estate planning and should be the result of much deliberation and discussion with your lawyer.
If a person dies with a valid will then the probate court must follow the wishes of the deceased.
If a person dies without a will in North Carolina then his or her estate is distributed by the operation of what are called the intestacy laws.
To make a valid will a person must be competent when they make the will and certain formalities must be followed in the execution of the document.
What is Estate Planning?
Estate planning is the process of evaluating your goals and concerns related to the transfer of your assets upon death and, in come cases, during your lifetime.
Estate planning can include professional advisors such as lawyers, accountants, financial planners and others.
Estate planning usually results in the preparation and signing of certain documents such as a will, advance directives, and trusts to accomplish your estate planning goals.
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Amanda Spence has over twenty-five years of experience assisting clients with Estate Planning, including the preparation of Wills, Trusts, and Powers of Attorney; Estate Administration and Probate; Medicaid Applications and Appeals; Guardianship; Veteran’s Benefits; and Asset Protection, including planning for long-term care.
Call Amanda Spence at (919) 863-4183 or email email@example.com to set up an appointment to discuss elder law, estate planning, administration, Medicaid applications and appeals, and related matters.
If you’ve been appointed as an Executor or Executrix under a North Carolina resident’s Last Will and Testament, you must bring the original Will to the courthouse in the county where the decedent lived and qualify to administer the Estate. You’ll find the forms you need to complete...
North Carolina Medicaid Manual http://info.dhhs.state.nc.us/olm/manuals/dma/abd/man/ This online manual contains the policy used in determining eligibility for Medicaid in North Carolina for the aged, blind, and disabled. Medicaid assists people with the cost of care in rehabilitation...
A trust is a legal entity that is created as part of the estate planning process to hold assets that will be distributed by the terms of the trust documents. There are several different kinds of trusts that can be created to help accomplish your estate planning goals. A complex legal...
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