In North Carolina, a Will, more formally known as a Last Will and Testament, is a legal document through which you can:
- Express your final arrangements wishes such as a preference for burial or cremation.
- Nominate an executor to manage your final affairs after your death and carry out the terms of your Will.
- Provide instructions for who you want to receive your assets, property, and possessions and the terms of how you want them to receive the assets. This may include instructions for who will receive your home or other real estate, your automobile, furniture and household possessions, bank accounts, and similar.
- Provide instructions for who you want to receive sentimental items or family heirlooms such as heirloom furniture, jewelry, or artwork.
- If you have minor children, you may also nominate a guardian to raise your child if you should die before your child becomes an adult.
If you’re wondering how to create a valid will in North Carolina, our quick step-by-step guide—“How to Create a Valid Will in North Carolina: A Quick Step-by-Step Guide”—can help you understand the process and ensure your Will meets all legal requirements.
More sophisticated wills may also:
- Include one or more testamentary trusts—basically “rule books” setting forth the terms of how you want certain assets managed for your heirs. This can be useful if you have young or irresponsible beneficiaries. It can also be used to protect your heirs' inheritance from future potential lawsuits, creditors, or divorce.
- If you have a loved one with special needs or who is disabled, your will may include a supplemental needs trust to ensure that any potential inheritance does not disqualify your beneficiary from important government benefits that they may depend on.
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Feeling overwhelmed trying to sort out your options? Many of our clients have told us that they felt overwhelmed when they first began planning, but with our help, they made sense of the options and designed a plan to fit their goals. As experienced will trusts and estate planning lawyers in North Carolina, we’ve empowered thousands of Wake County-area residents to take control of their future with personalized estate planning and long-term care planning solutions
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