Probate
Ramifications of Failing to Create an Estate Plan
In North Carolina, if you die without a will or estate plan, you are considered to have “died intestate.” This means that your estate will go through the probate process, and your assets will be distributed according to North Carolina’s Intestate Succession Laws. Without a proper estate plan in place, your loved ones may face…
Read MoreWhat is a Fiduciary?
A fiduciary is an individual or corporation legally entrusted with the responsibility to manage property for the benefit of another person, referred to as the principal. In the realm of estate and trust management, a fiduciary plays a crucial role in ensuring that the estate or trust is handled appropriately and in the best interest…
Read MoreNorth Carolina’s Intestate Estate Administration: Dying Without a Will
When an individual dies without a will in North Carolina, this is referred to as dying intestate. In these cases, North Carolina’s Intestate Succession Laws dictate how the deceased person’s estate is distributed. These laws provide a specific legal framework for distributing property, but the process can be complex, and the outcomes may not align…
Read MoreTop Estate Planning Attorneys in Statesville, NC: Your Guide to Wills and Trusts
When it comes to protecting your assets and securing your family’s future, having a solid estate plan in place is essential. At Crosswhite Law, our experienced estate planning attorneys in Statesville, North Carolina, are here to guide you through the process of creating a comprehensive estate plan that includes wills, trusts, and other important documents.…
Read MoreElective Share Proceedings in North Carolina
Understanding Elective Share Laws In North Carolina, surviving spouses are protected from being treated unfairly under the state’s elective share laws. These laws allow a surviving spouse to “elect” to take a statutory portion of the deceased spouse’s estate if the will does not provide an adequate share. This elective share is an alternative to…
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