Occasionally I work with an estate planning client who wants to disinherit an heir. They've heard there is a trick to doing this correctly -- and there is, but often not for the reason people expect. The truth is, in North Carolina, no one has a right to inherit anything from you -- with the exception of your spouse (and then presuming that you do not have a prenuptial agreement waiving the right to inherit). However, even natural heirs such as children who have no right to inherit, do … [Read more...] about Getting it right when Disinheriting an Heir
I fairly often meet with someone who has done or attempted to do a do it yourself Will and wants me to tell them if it looks like they got it right. I think these people are really on to something. That is the question: did i get it right? Here are a couple of tips for thinking about this. If I do nothing other than read the DIY will you have drafted, I will have no idea whether you got it right. The limit of my insight will be whether I understand what it … [Read more...] about The Whole Point of doing a Will is to Get it Right and Know you Got it Right
Everyone needs a Last Will and Testament. But what kind of Will do you need? A good one. How do you know when you have a good one? When you are certain it fulfills your goals. And how do you define your goals? By knowing your wishes, understanding your options, and by weighing competing values and considerations; by estate planning, but most of all by starting with the right questions. At Clarity Legal Group we believe estate planning starts with conversation. Did you know it is … [Read more...] about Estate Planning Always Starts with a Question. Make Sure it’s the Right One.
Did you recently find out you were appointed the Executor of a Last Will and Testament of someone who recently died? If so, and the appointment comes as a surprise, you are undoubtedly wondering what you are supposed to do now. Unfortunately, people frequently appointment someone as the Executor of a Will without discussing the appointment with the appointee. When the time comes to fulfill the duties and responsibilities of an Executor, the individual appointed to the position may have very … [Read more...] about I Was Appointed Executor of a Will of a Decedent. Now What?
Like most people, you probably understand how important it is to have a comprehensive estate plan in place; however, you may not have gotten around to creating one despite knowing how important it is to have one. Is so, you are hardly alone. Surveys show that over half of all Americans have yet to create an estate plan even though most of them also admit to understanding the importance of having one in place. There are several common reasons people give for why they have yet to create an estate … [Read more...] about Can’t I Just Save Money by Using a DIY Will?