Estate Plans typically consist of the first four (4) of the following documents for each client and sometimes utilize the fifth document, the Living Trust:
Examples of Gifting Plans in a Will
Some examples of how people typically leave gifts in their wills and trusts, include: Married Persons with Children. If you are married and you have acquired all or most of your property during tour marriage you might leave all your property to your spouse if he or she or she...
What Property Passes Through the Probate Process?
In North Carolina, a person’s real property does not pass through probate, unless the property is specifically left by the decedent to his or her estate. Real estate instead passes outside of the probate process directly to the persons it is left to in the will. Thus, only a personal...
What Property Is Not Passed at Death By Your Will?
Property that is not passed by your will includes: Real estate that is owned with another person as joint tenants with right of survivorship or as tenants by the entirety with a spouse (this property passes to the surviving joint tenant(s) and not according to a will; Bank and other...