Wills and Estate Administration
If you are a resident of North Carolina and
you die without a will, the state determines
what happens to your stuff, and your children.
Not you, not your spouse, not anyone else
in your family.
In many cases these turn out to be the same.
However, with careful planning and a well
written will, the entire process can be done
much more efficiently.
More importantly, after one's death, emotions run high, family members might argue about what the deceased really wanted to do with his stuff. A will makes a person's wishes very clear and can eliminate much strife at such a fragile time.
Sure you can. But saving a bit of money now
might lead to the creation of an invalid
will, or one that may be easily contested
later on.
In addition, these home drafted wills may
not be properly executed, and therefore provide
a false sense of security since an improperly
executed will is the equivalent of not having
one at all.
You should contact the clerk of superior
court in the county where the deceased last
resided (that's the court that usually handles
these matters and may be referred to as "probate
court").
The clerk should be able to provide you with
some general information (pamphlets) that
describe the administration or probate of
an estate.
Many attorneys can handle this matter for
you for a reasonable fee. Of course, if there
isn't much money or property available in
the estate, you might want to tackle this
yourself and seek guidance from an attorney
on an "as needed" basis.
As administrator or executor (the newer term
is "personal representative") of
an estate, you are responsible for settling
all the existing debts of the deceased, filing
a final income tax return, collecting all
money owed to the deceased, filing any wrongful
death law suits, and distributing the remaining
assets.