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estate administration Archives

Estate administration: Qualities of a good estate executor

Creating an estate plan brings peace of mind as well as a sense of accomplishment. While there are many tasks involved in estate planning, one of the most important is selecting the right estate executor. This process calls for careful consideration and an attorney with experience in estate administration can provide guidance on your choice of executor.

Preparing for your initial estate planning consultation

Many North Carolina residents assume that estate administration is automatic following their death, but we want to advise our readers that estate planning comes first. In other words, you must have certain documentation in place before your estate administration can proceed as you wish it to.

Medical records and undue influence

Do you think that undue influence caused a parent to create a will or estate plan that didn't actually go along with what he or she would have wanted? If so, one thing to carefully consider are the medical records for that parent. They can strongly support your case.

Why would you use an incentive trust?

You know how an incentive trust works: Your heirs are given a set of conditions, which are sometimes viewed as goals. If they reach them, the trust pays out either in part or in full. This is different than many trusts that simply pay out at certain ages, regardless of all else.

Should you have a 'Titanic clause?'

When you draw up an estate plan, an experienced attorney will ask you to consider all possible contingencies. This not only helps ensure that your wishes are carried out regardless of what happens to others in your immediate circle, but helps avoid the need for multiple amendments later on.