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Estate Planning Tips for Avoiding Probate in North Carolina

Posted on July 15th, 2022

Our Mooresville attorneys at Daly Mills Estate Planning know that understanding the ins and outs of probate can be confusing to nearly everyone. Probate is the legal process where a deceased person’s last will and testament are proved in a court of law and accepted as a valid public document concerning how their estate is settled.

To avoid a lengthy probate process after your death, it is important to make your wishes known through the creation and validation of a will or trust, so your beneficiaries will not suffer the stress, confusion, and delays that come with the probate court.

Our estate administration and probate attorneys in Mooresville, North Carolina have a few tips to help you get started.

How Much Does an Estate Have to Be Worth to Go to Probate?

Our Iredell County attorneys help individuals and families throughout the Lake Norman area avoid probate using customized estate planning strategies.

The one thing that they all have in common is that their estate size has nothing to do with avoiding the lengthy process.

Any estate, regardless of its total value, must go through probate unless the deceased has made legally binding plans that will avoid the process.

Will My North Carolina Estate Have to Go Through Probate If I Have a Will?

While a will is a great estate planning tool, it is not always enough to avoid probate.

What Estate Planning Strategy Will Help Me Avoid Probate Court in North Carolina?

One of the best ways to avoid probate in North Carolina is to create a revocable living trust.

To establish a revocable living trust, you must transfer all your assets into the trust.

While you are alive, you maintain the title of the trustee, which allows you to manage and invest all the trust’s assets as you see fit.

You must designate a successor trustee upon your passing who will assume control over the trust’s assets.

A revocable living trust keeps your assets and financial information out of the courts and gives you and your family privacy, as well as reduces the court costs and legal fees associated with probate.

Contact Our Skilled Estate Planning Attorneys in Mooresville, North Carolina Today

To learn more about how we can help you establish a will or trust that fits your needs to keep your family from enduring the probate process, call us at (704) 286-8437 to schedule an initial consultation with our estate planning attorneys in Mooresville, North Carolina today.