Place the assets intended for your kids in a Qualified Terminable Interest Property (QTIP) Trust. While you’re alive, you control the trust … [Read more...] about How can you protect children from a prior marriage when you remarry?
How can I avoid leaving my young adult children a large sum of money?
A trust can also help with this common problem. No matter how mature a young adult child may be, handing over a large lump sum inheritance … [Read more...] about How can I avoid leaving my young adult children a large sum of money?
How can a trust help manage assets intended for my children?
For the parent of young children, a trust offers several important benefits. As the Settlor of the trust, you appoint the Trustee, and any … [Read more...] about How can a trust help manage assets intended for my children?
What can I accomplish in my Will?
Although you will need more than just a Last Will and Testament if you have minor children, your Will can be used to ensure that specific … [Read more...] about What can I accomplish in my Will?
Why can’t I just leave assets to my children in my Will?
While a Last Will and Testament can be used to distribute an entire estate, gifting assets to your minor children in your Will is not the … [Read more...] about Why can’t I just leave assets to my children in my Will?
Why is estate planning important for parents with young children?
You undoubtedly work hard to give your children a stable and financially secure life. You may also try to pass down your wisdom, ideals, and … [Read more...] about Why is estate planning important for parents with young children?
What happens after a Will contest is filed?
If someone does challenge the validity of the Will by filing a Will contest, the probate process must effectively come to a halt while the … [Read more...] about What happens after a Will contest is filed?
What does it mean if the Will has a “no contest” clause?
Formally referred to as an “in terrorem clause,” a no contest cause works by forfeiting the inheritance of a beneficiary if that beneficiary … [Read more...] about What does it mean if the Will has a “no contest” clause?
What are the legal reasons to contest a Will in North Carolina?
Being unhappy with the terms of the Will or with the amount of your inheritance does not entitle you to contest a Will. For a Will contest … [Read more...] about What are the legal reasons to contest a Will in North Carolina?
