Estate Planning Q&A Series

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What happens if my primary beneficiary does not survive me and how will contingent beneficiaries inherit?

What happens if my primary beneficiary does not survive me and how will contingent beneficiaries inherit? – North Carolina Short Answer In North Carolina, if a beneficiary named in your will dies before you, the gift either passes to that person’s descendants under the anti-lapse statute or to the alternates you named—depending on your will’s…

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How do a living will and medical power of attorney work together to protect healthcare decisions if someone becomes incapacitated?: North Carolina

How do a living will and medical power of attorney work together to protect healthcare decisions if someone becomes incapacitated? – North Carolina Short Answer In North Carolina, a living will (called an advance directive for a natural death) tells your doctors, in writing, which life-prolonging measures you do or do not want in specific…

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Can I include instructions in my will for out-of-state burial and the transfer of cremated remains?

Can I include instructions in my will for out-of-state burial and the transfer of cremated remains? – North Carolina Short Answer Yes. Under North Carolina law, you can include binding, written directions in your will about cremation, burial, and where your remains or ashes should go—including to another state. Your named executor may carry out…

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What information will I need to provide during an initial living trust consultation?: Answered under North Carolina law

What information will I need to provide during an initial living trust consultation? – North Carolina Short Answer In North Carolina, come prepared with a clear picture of your assets, how each is titled, and who is listed as a beneficiary. Be ready to name your trustee, successor trustees, and beneficiaries, and to discuss incapacity…

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What type of trust should I consider to protect my parents’ assets if they might need Medicaid?: North Carolina guidance

What type of trust should I consider to protect my parents’ assets if they might need Medicaid? – North Carolina Short Answer In North Carolina, a revocable living trust does not protect assets for Medicaid because the assets remain available to the settlor and are reachable by creditors and, after death, may be subject to…

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Can I simplify my will to name only my child and two backup beneficiaries without listing all my assets?: North Carolina

Can I simplify my will to name only my child and two backup beneficiaries without listing all my assets? – North Carolina Short Answer Yes. In North Carolina, you can use a simple will that leaves everything to your primary beneficiary (your child) and names two alternates, without listing each asset. A clear residuary clause…

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Attorney Jared Pierce
Attorney Jared Pierce
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