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My blog can be a helpful resource as you plan your estate.
Information is powerful when putting together your estate plan. At Vail Gardner Law, I update my blog regularly with helpful estate planning information, as well as updates about my upcoming estate planning workshops and other news about my law firm in Durham, North Carolina.
The information on this website is for general information purposes only. It should not be taken as legal advice for any situation. By viewing this website, no attorney-client relationship is established.
Trustee vs Executor: What’s the Difference?
You can name an executor or a trustee to manage your estate after you die. So, what’s the difference between a trustee vs executor? Let’s take a closer look at both roles and see which type of estate planning might be right for you.
How to Select a Trustee for Your Estate
When you create a trust your trustee is responsible for managing and distributing the assets according to your wishes. It’s crucial to choose someone who will handle your estate reasonably and efficiently to avoid family discord. Learn the factors you should consider when selecting an individual, company, or bank as trustee for your estate.
Pros and Cons of Leaving Your Retirement Account to a Minor
Learn more about how to provide financial security for minor children or grandchildren with estate planning. Find out about life insurance policies, trusts, revocable living trust and other mechanisms for providing financial security to minors. Contact our experienced attorneys today to discuss your options and create a plan that ensures your minor loved ones will be taken care of in the event of your death.
Estate Planning Questions for Modern Family Pritchett-Dunphy
No family is perfect, and the Pritchett-Dunphy clan on ABC’s hit TV show Modern Family is an excellent example of this. This close-knit family has their share of dysfunction, but they also have a lot of love for each other. As with any family, the estate planning process is crucial for the Pritchett-Dunphys. Learn about some of the estate planning questions that this fictional family would need to answer and better understand how these estate planning issues might impact your own family.
How to Leave Real Estate in a Will
When you pass away, it’s essential to have a plan for your property—the last thing you want is for it to be contested or mishandled. One of the most common ways of leaving property is creating a last will and testament. If you’re looking to create an organized estate plan in North Carolina that will ensure your assets pass accurately and hassle-free after death, read on to find out how to leave real estate in a will.
What is a Living Trust vs Testamentary Trust?
You and your attorney may create a living trust (or inter vivos trust) during your lifetime. In contrast, your last will and testament creates the testamentary trust when you pass away. A testamentary trust does not exist until after death. Let’s look at the advantages and disadvantages of a living trust vs testamentary trust.