Q: What makes a Will legal?
A: North Carolina allows for three kinds of Wills and what makes each legal varies based on the type.
Keep reading for more info.
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Need to talk to your loved ones about estate planning? Here are a few do and don’t tips to help get you started.
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QUESTION: When should I rewrite my will?
ANSWER: It depends on what has changed in your life since it was first written. Keep reading to find out some of the most common times when revision is either a good idea or even necessary.
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First things first:
How a Will is made and what is can (and cannot) do is controlled by state law.
Different states allow different types of Wills.
The Executor (or Executrix or Personal Representative) is the person (or people) you name in your Will who will be responsible for carrying out the terms of the document after you die. The exact duties vary from state to state, and can even vary within a state based on the specifications of different Wills. But, generally speaking, an Executor is responsible for things like:
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Why haven't you gotten your estate planning done yet? If your answer is "I don't know where to start," you're not alone.
Two bits of good news:
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Starting a conversation with your loved ones (whether it be your parents, your partner, your siblings, your children, or others) about estate planning can feel overwhelming for many reasons. Here are five tips to help you begin.
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QUESTION: How complicated is it to write a will?
ANSWER: Probably less complicated than you think!
I regularly hear, "it's too complicated," as one of the main reasons people haven't written a will. For people with blended families, complicated finances, numerous lengthy and specific property distribution bequests, and/or vast amounts of wealth - yes, it can be complicated.
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