1. An Heirship Affidavit
2. A General Power of Attorney effective immediately
3. A Revocation of Power of Attorney
4. Living Will - Declaration for a Desire for a Natural Death
5. A Personal Planning Information and Document Inventory Worksheet
North Carolina Newly Widowed Individuals Package
Category:
State:
North Carolina
Control #:
NC-P027-PKG
Format:
PDF;
Word;
Rich Text
Instant download
Description
This package contains essential legal documents for Newly Widowed Individuals who desire to organize their Legal Life. The documents in this package are state specific and include the following:
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FAQ
Spouses in North Carolina Inheritance Law Descendants include children, grandchildren, and great-grandchildren. If you have no living parents or descendants, your spouse will inherit all of your intestate property.
In North Carolina, you cannot disinherit your spouse.Even if your Will or your Trust specifically excludes your spouse, your spouse will still have the legal right to share in your estate under the law.
The surviving spouse has the right to Family Exempt Property.The surviving spouse has the right to receive Letters of Administration, which means that ahead of all other family members, he/she has the right to serve as the Administrator when someone dies intestate.
Many married couples own most of their assets jointly with the right of survivorship. When one spouse dies, the surviving spouse automatically receives complete ownership of the property. This distribution cannot be changed by Will.
Spousal benefits are based on a living spouse or ex-spouse's work history. Survivor benefits are based on a deceased spouse or ex-spouse's work history. The maximum spousal benefit is 50% of the worker's full retirement age (FRA) benefit.
You should expect it to take a minimum of six months to a year to settle an estate because of the legal notice requirements and time that creditors have to submit claims against the estate. Creditors have 90 days from the first publication date of the notice of probate.
North Carolina Intestate Succession Laws Under the North Carolina statutes, if you are survived by: 1. No spouse or children, with parent(s) living: Your entire estate will pass to and be divided equally among your parents. If only one parent is still living, then everything will pass to the living parent.
Determine Your State's Laws Regarding Inventory Forms. Review the Instructions Provided. Identify Real Property. Identify Personal Property. Identify Bank Accounts. Identify Retirement Accounts. Identify Non-Probate Assets. File the Form With the Court.
Your inventory should include the number of shares of each type of stock, the name of the corporation, and the name of the exchange on which the stock is traded. Meanwhile, you should note the total gross amount of a bond, the name of the entity that issued it, the interest rate on the bond, and its maturity date.