Probate Lawyers in High Point, North Carolina
Properly managing an estate will help with a smooth, transition and the timely distribution of an estate’s property and financial assets. The Probate Lawyers at Cecil & Cecil, P.A. can help with estate administration.
Probate Court Estate Administration Help
A Probate Lawyer can help with Estate Administration
Once qualified by the clerk of court in your county, the estate’s executor or administrator has fiduciary duties imposed by law. These include identifying estate assets, safeguarding them, using them to pay debts of the deceased, and distributing the rest according to the will or North Carolina law if there is no will.
Learn more about Estate Administration with the legal definitions below. Complete the quick form to the right and we will be in touch.
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High Point, NC estate administration services with a probate attorney
Executor duties must be performed accurately or the executor/administrator could find themselves personally liable to beneficiaries or creditors. In High Point and Greensboro, North Carolina, at Cecil & Cecil, P.A. we are your attorney for representation in probate court. Our probate attorneys can help you navigate this complicated area of the law.
Our estate law lawyers will help with your estate administration needs. To set up a consultation with one of our estate law attorneys complete our CLIENT REVIEW or CALL US.
North Carolina Estate Planning & Administration Legal Definitions
Understanding these terms can make the process of estate planning easier and ensure that your wishes are clearly communicated and effectively executed.
It’s always advisable to consult with a professional attorney specializing in estate planning to navigate the complexities of the law and ensure that your estate is managed according to your wishes.
Administrator: A person appointed by the court to manage and distribute the estate of someone who died without a will.
Beneficiary: A person or entity who receives assets from an estate upon the owner’s death.
Durable Power of Attorney: A legal document that appoints someone to make financial and legal decisions on behalf of another person in the event that they become incapacitated.
Estate: The assets and liabilities left behind by a person after their death.
Executor: A person appointed by the deceased to manage their estate and distribute assets according to their will.
Guardian: A person who is legally responsible for taking care of and making decisions for a minor or an incapacitated adult.
Heir: A person legally entitled to the property or rank of another on that person’s death.
Irrevocable trust: Is a trust where the grantor cannot change or end the trust after its creation. Grantors may choose a trust with such limitations to limit estate taxes or to shield assets from creditors.
Living Trust: A trust created during the lifetime of a person to hold and manage their assets, and distribute them after their death.
Personal Representative: A general term for executors, administrators, or anyone else appointed to handle an estate.
Probate: The legal process of validating a will, paying debts and taxes, and distributing assets to beneficiaries
Probate: The legal process of validating a will, paying debts and taxes, and distributing assets to beneficiaries
Trustee: A person or entity appointed to manage and distribute assets in a trust according to the terms set by the owner.
Trust: The person or institution that manages the property put into trust.
The legal definitions provided on this page are for informational purposes only, and should not be construed as legal advice. Please consult with a qualified attorney for specific guidance and advice regarding your individual situation.
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