The loss of a parent, at any age, is not an easy thing to go through. If you are an adult child at the time, your grief may need to be reined in if you are also responsible for administering your mother’s estate. One of the first decisions you must make is whether your mother’s estate requires probate. Because of the complex and unique nature of probate, you should consult with an attorney in person. At Clarity Legal Group® Probate and Trust Administration are a big part of what our Raleigh, … [Read more...] about How Do I Know If I Need to Probate My Mother’s Estate?
The time period immediately following the loss of a loved one is often filled with heightened emotions and confusion. Understandably, the last thing most people want to think about during this time period are the legal ramifications of the decedent’s death. If, however, the decedent named you as the Executor of the estate in his or her Last Will and Testament, it is imperative that you focus on the probate of the estate left behind by your loved one. In this blog, I discuss the probate basics … [Read more...] about 5 Things You Need to Do Immediately If You Are the Executor
My most recent posts have focused on the importance of probate avoidance and what approaches might best accomplish this important estate planning goal. Of course, a lot of people don't get to this step of planning, and some people establish a probate avoidance plan and the plan falls out of sync or something unexpected arises and there is still a probate. What happens then? The big thing is not to panic. If you have been named as the executor under a Will, one of the first things that you … [Read more...] about Why an Executor Should Hire a Probate Lawyer
I talked in my last blog about the reasons you should consider probate avoidance as part of your estate planning. Today I am going to review some of the dos and don'ts of putting a probate avoidance plan into place. If you are interested in finding ways to avoid probate, the good news is that you have many different options that are available to you. In my experience, there usually is a clear best choice for avoiding probate -- but it will differ depending up the particular asset. The … [Read more...] about What are Some of the Different Ways to Avoid Probate?
At Clarity Legal Group®, we have a lot of conversations with our clients about probate avoidance. This is really about organizing the ownership of your assets in a way which considers your goals and the most efficient way to manage the transfer of those assets upon your death. Estate planning, when comprehensive in nature, should accomplish much more than just creating a road map for the distribution of your assets after you are gone. Your estate plan should also protect those assets and help … [Read more...] about Why Avoid Probate?
The trust administration process is a preferred way of transferring wealth after a death occurs. One of the many valuable features of planning with a Living Trust is the privacy made possible through this planning technique. This privacy is available only if you have organized the management of your affairs through a trust before your death. Furthermore, the privacy is only assured if you use the Trust Agreement as a vehicle for avoiding the court process known as probate, which requires both … [Read more...] about Trust Administration is a More Private Way to Transfer Wealth
At Clarity Legal Group®, we build our estate planning around the goals of our clients. These goals can be very personal, but they almost always include making things easy for those who are left behind. Planning to avoid the court supervised process for administering estates known as probate is a key approach to making things easy. The fact that we help clients avoid probate doesn't mean we aren't prepared to help people through the challenges of probate when necessary. In fact, this is a … [Read more...] about What Executors Must Know About the Probate Process
When you are making any type of important financial decision, you are going to do your research. This should extend to your estate planning efforts. You should understand all of your options with regard to asset transfer vehicles, and you should understand the advantages and disadvantages that go along with each of them. If you die with a Will or with no estate plan at all, the property that is in your personal possession may become probate property unless certain circumstances exist. Our firm … [Read more...] about Is Probate Always Required?
Can Probate Be Avoided? from Mark Costley After hearing about some of the pitfalls of probate, you may wonder if it can be avoided The answer is yes, there are probate avoidance strategies that can be implemented. Learn more about North Carolina Probate Be Avoided in this presentation. … [Read more...] about Can Probate Be Avoided?
Is North Carolina Probate Always Required from Mark Costley After your death, the joint tenant would assume ownership of the entirety of the property outside of probate. Learn more about North Carolina Probate Always Required in this presentation. … [Read more...] about Is North Carolina Probate Always Required