I wanted to comment on a phone call I received the other day. I received a call from a married mom with two minor children. Both parents work full time and drive to and from work. She and her husband currently did not have any Estate Planning in place. They both had life insurance policies [...]
Tag Archives: Last Will and Testament
August 7, 2009
Do YOU need an Estate Plan?
Ask yourself these few questions: 1. I have made appropriate legal arrangements to appoint the person or persons I want to make my personal, health care and financial decisions should I ever become disabled. 2. I have made appropriate legal arrangements to appoint the person or persons I want to raise my minor children to [...]
February 2, 2009
Putting off Your Estate Plan is a Grave Mistake
At a time when the economy is slow and money is tight, many people are looking to save money by cutting back on “unessential” expenses—including estate planning. Although this instinct is understandable, the trend is a disturbing one. Our firm understands the need to dig in during tough times, but what you may not realize [...]
January 7, 2009
Why Residenty in North Carolina Should be Required to have a North Carolina Last Will and Testament
I have had several inquiries regarding this topic over the last few weeks, so I thought it important to pass on my words of wisdon! There is not a North Carolina statute which requires a testator (person making the Last Will and Testament) to be a resident of North Carolina to have a valid North Carolina Last Will and Testament. Under [...]
December 21, 2008
Ownership of Assets and Beneficiary Designations on Assets Must Be Consistent With Your Wishes in Your Last Will and Testament
Once you have finalized and executed your Last Will and Testament, you must make sure that your assets correspond with how your Last Will and Testament disposes of your assets. The disposition of any asset that you have named a beneficiary will not be disposed of via your Last Will and Testament. For example, if [...]
November 12, 2008
What if you expect to have additional children after drafting your Last Will and Testament?
Part of an estate planning attorney’s job is to anticipate potential situations that may occur in the future. If a client comes to my office wanting to have an Estate Plan prepared, part of my initial consultation is to dicuss with that client family plans. For various reasons people chose not to have children or some clients cannot have children. Having a [...]
October 13, 2008
Is residency a requirement to a valid North Carolina Last Will and Testament?
I recently received a call from a woman who was not a resident of North Carolina. She lived, worked and had assets in another state. The only connection to (asset in) North Carolina was a second home being rented to a family member. Her intent was to move to North Carolina within the next two years. I was asked if [...]
