Category Archives: Beneficiary Designations

November 8, 2010

What is a Guardian? What is a Trustee?

By Sabrina Winters

A Guardian and a Trustee have two completely different roles, but may be the same person. A Guardian is named in a Last Will and Testament or a Living Trust.  He or she essentially is nominated to raise the chid or children and make parental decision until the age of 18. A Trustee is appointed [...]

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Posted in Beneficiary Designations, charlotte north carolina living trusts, charlotte north carolina trust, Guardianship, Last Will and Testament Tags: , , , , , , , , , , , , , , , , , , , , , , , , , | Comments (0) | Trackbacks (0)
November 5, 2010

4 Reasons Why Young Professionals Need an Estate Plan

By Sabrina Winters

As a North Carolina estate planning attorney, I know young professionals have a lot to think about…starting their careers, buying their first home, starting a family.  All of these accomplishments are just the beginning of many bigger life events to come. So it is a rare day when someone in this generation wants to think [...]

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Posted in advanced medical directives, Beneficiary Designations, charlotte north carolina living trusts, charlotte north carolina trust, Estate Planning, Financial Power of Attorney, Guardianship, living will, power of attorney, Retirement Accounts, trusts Tags: , , , , , , , , , , , , , , , , , , , , , , , , | Comments (0) | Trackbacks (1)
November 3, 2010

What is the Difference Between a Last Will and Testament and a Revocable Living Trust?

By Sabrina Winters

There are similarities between a Last Will and Testament and a Revocable Living Trust: 1. both pass along specific assets, 2.  both name guardians, 3. both are written,signed and witnessed; 4.  both can be amended and revoked. The differences between both are what sets them apart: A Last Will and Testament, appoints an Executor who [...]

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Posted in Beneficiary Designations, charlotte north carolina living trusts, charlotte north carolina trust, Estate Planning, executing living trust, executing revocable living trust, executing trusts, Executor Responsibilities, Last Will and Testament, Probate Process, trusts Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , | Comments (0) | Trackbacks (0)
July 1, 2010

Top 4 Beneficiary Issues to Consider with your Retirement Accounts

By Sabrina Winters

Have you checked your beneficiary designation for your retirement account recently? If not, you may find that your designated beneficiary is not who or what you think it should be, especially if you have divorced, remarried or had children since your retirement plan account was established. 1.  Outdated Beneficiary Designations There have been numerous cases [...]

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Posted in Beneficiary Designations, Estate Planning, Retirement Accounts, trusts Tags: , , , , | Comments (0) | Trackbacks (0)