A Gift of Active Love
that Lasts Generations.
From our offices in North Carolina and Florida, the team at TrustCounsel serves clients throughout North Carolina, Florida, New York and Tennessee.
OUR PRACTICE AREAS
An estate plan is an essential consideration for all individuals, no matter your age or situation. A basic estate plan can help to provide certainty for various scenarios in the event that you become incapacitated or upon your death.
While you may think trusts are only for the extremely wealthy, they are a great legal tool for managing and protecting your assets. Our trust attorneys help you through the process of creating a trust that will best protect your family and your assets.
Probate is the legal process through which a deceased person's will is validated, and their assets are distributed according to the terms of the will or, in the absence of a will, according to applicable laws. The primary goals of probate are to ensure the proper distribution of the deceased person's assets, settle their debts, and resolve any claims against the estate.
Business entity formation refers to the process of legally establishing a distinct and separate organization that conducts business activities. Choosing the right business structure is a critical decision for entrepreneurs and business owners, as it affects various aspects of the business, including liability, taxation, and management.
Asset protection refers to a set of legal strategies and financial planning techniques designed to safeguard an individual's or a business's wealth and assets from potential risks, threats, or liabilities. The goal of asset protection is to minimize the impact of unforeseen events, such as lawsuits, creditor claims, bankruptcy, or other financial challenges, by legally and strategically organizing assets in a way that makes them less vulnerable to seizure or loss.
READ OUR ESTATE PLANNING GUIDE
Serving as an executor is a significant responsibility that involves managing the affairs of a deceased individual’s estate. Whether you’ve been appointed as an executor or are considering taking on this role in the future, it’s essential to understand your duties and responsibilities. Here are five tips for executors to navigate the complexities of estate administration and fulfill their duties effectively. Your first step is to thoroughly review the deceased individual’s will and any relevant estate planning documents. Familiarize yourself with the provisions of the will, including the distribution of assets and the appointment of beneficiaries. Additionally, gather important estate documents, such as financial records, property deeds, and insurance policies, to gain a comprehensive understanding of the estate’s assets and liabilities. Open and transparent communication with beneficiaries and heirs is essential throughout the probate process. Keep beneficiaries informed about the progress of estate administration, including any significant developments or decisions.