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What happens when someone leaves an inheritance to a minor child?

What happens when someone leaves an inheritance to a minor child?

by Durham Law Firm | Feb 14, 2020 | Estate Planning

Often, without proper planning, children under 18 years of age become the recipients of cash, life insurance benefits, stock, or other inheritance. How do we properly and legally distribute the property to a minor? There are a number of different laws that might be...
The Process for Name Change in North Carolina

The Process for Name Change in North Carolina

by Durham Law Firm | Feb 6, 2020 | Special Proceedings

Name changes can be complicated and require a lot of leg-work on the front end before you can even get to the point of filing the necessary paperwork with the Court. There are two main categories of name changes: Adult and Minor.  Both have different requirements that...
The SECURE Act and Preparing for Taxation in Your Estate Plan

The SECURE Act and Preparing for Taxation in Your Estate Plan

by Durham Law Firm | Feb 4, 2020 | Estate Planning

On December 19th, 2019, the SECURE Act was passed for the purpose of bolstering retirement savings and became effective as of January 1, 2020. Among other things, this one-hundred thirty-page document gave more buoyancy to certain types of savings accounts that focus...
What You Need to Know About DIY Wills in North Carolina

What You Need to Know About DIY Wills in North Carolina

by Durham Law Firm | Jan 28, 2020 | Estate Planning

The process of beginning to draft a Will can be a daunting task.  There are many reasons why individuals may decide that preparing their own will, in lieu of seeking professional help, is the right route for them to take. Those reasons may include the cost associated...
North Carolina Special Proceedings to Sell Real Property

North Carolina Special Proceedings to Sell Real Property

by Durham Law Firm | Jan 23, 2020 | Probate, Estate Administration

Often, a person will die and leave behind real property, such as a home or land. Sometimes, that person will have debts or claims against their estate that cannot be paid unless the property is sold to create funds. It is important to note, however, that in many...
Submitting a Probate Inventory of Estate Assets

Submitting a Probate Inventory of Estate Assets

by Durham Law Firm | Jan 14, 2020 | Probate, Estate Administration

Three months after an estate has been opened, the Court will require a Probate Inventory to be submitted. The Inventory is a precise list of estate assets. To figure out what the assets are, you will need to figure out what the decedent owned at the time of their...
Power of Attorney for Inmates in North Carolina

Power of Attorney for Inmates in North Carolina

by Durham Law Firm | Jan 9, 2020 | Estate Planning

Register Today While Space is Available for “Prepare, Don’t Predict”.  Free Event on January 29th in Cary, NC

Register Today While Space is Available for “Prepare, Don’t Predict”. Free Event on January 29th in Cary, NC

by Durham Law Firm | Jan 6, 2020 | Events, Estate Planning

Event Video Transcript Hi, I’m Chris Wilms. I’m one of the attorneys at Hopler, Wilms, & Hanna. I’m pleased to talk to you today about an event coming up called Prepare, Don’t Predict. It’s at an awesome location called Spaceworks in...
Ancillary and Domiciliary Estates in North Carolina

Ancillary and Domiciliary Estates in North Carolina

by Durham Law Firm | Dec 17, 2019 | Estate Planning, HH Updates

Many people own property and owe debts in more than one state. When a person who owns property in more than one state passes away, two different probate proceedings are necessary: a domiciliary proceeding and an ancillary proceeding. A domiciliary proceeding is the...
Estate Planning Changes When There is a Life-Changing Event

Estate Planning Changes When There is a Life-Changing Event

by Durham Law Firm | Nov 14, 2019 | Estate Planning

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