Starrett Law Firm

Business Owners: Be Formal or Risk It All

Allen — Sun, 21 Jun 2020 05:28:44 +0000

One of the main reasons prompting a client to establish a business entity such as a North Carolina limited liability company or corporation is to limit liability from the business and protect his or her personal assets. As a general rule, business owners are not personally liable for company debts and obligations. However, if the [...]

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How to Prepare for Probate and Estate Administration in North Carolina

Allen — Tue, 27 Sep 2011 07:00:57 +0000

You’ve lost a loved one. Let us offer our condolences. We recognize the days and weeks ahead will be difficult on many levels, not the least of which is preparing for North Carolina’s probate and estate administration procedure. Our experience suggests that the steps below apply in most circumstances and will help guide you through [...]

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Pros and Cons of Handwritten Wills in North Carolina

Allen — Tue, 28 Jun 2011 11:00:38 +0000

North Carolina recognizes the validity of handwritten wills. Under NC law, a handwritten will must satisfy the following requirements: Written entirely in the handwriting of the testator (the will-maker); Subscribed by the testator, or with his name written in or on the will in his own handwriting; and, Found after the testator's death among his [...]

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When Should I Review or Update My Will?

Allen — Tue, 23 Nov 2010 08:00:53 +0000

As my clients often hear me say, estate planning should be viewed as a process rather than a one-time event. Personal and financial circumstances change. Therefore, it is critical to evaluate your will, trust, health care power of attorney, and other estate plan documents periodically in light of all such changes and make revisions when [...]

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The Duties of an Executor in North Carolina

Allen — Tue, 26 Oct 2010 11:00:20 +0000

An executor is the person who is named in the will and appointed by the probate court to settle a decedent’s estate. Relatives, close friends, and trusted advisors are usually selected to serve as executor and perform a number of important duties. The list below is offered only as general guidance of some of the [...]

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Why You Should Have a Will

Allen — Tue, 12 Oct 2010 11:00:07 +0000

If you’re like many people, you like to be organized and have control over most areas of your life but probably don’t like thinking about and planning for your own death. Talk about a paradox. One of the questions I am asked most frequently is, “Do I need a will?” My answer is almost always, “Yes.” Here [...]

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Beneficiary Designations of Life Insurance Policies

Allen — Tue, 24 Aug 2010 07:00:39 +0000

September is life insurance awareness month. It’s a great time to consult with your insurance professional and determine the amount and type of life coverage that is appropriate given your personal circumstances and planning objectives. As you work through the process, pay special attention when completing your primary and contingent beneficiary designations. It is critical [...]

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Sorry. Invalid Login. Please Try Again.

Allen — Wed, 14 Apr 2010 16:40:29 +0000

It’s no secret that we rely daily on the internet. What is a secret, of course, are the usernames and passwords that we use to access our online accounts. From email accounts and online banking to credit card statements and utility bills, we all find ourselves going to great lengths to protect our login information [...]

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Expecting a Baby? 3 Reasons Not to Overlook the Estate Plan!

Allen — Tue, 23 Mar 2010 19:07:56 +0000

Our daughter arrived last Valentine’s Day, so I know firsthand that one of the most exciting times in life is the moment you find out you are expecting a new little bundle of joy. From that moment, preparations quickly ensue. While most parents succeed in having the crib assembled, the tiny clothing washed and hung [...]

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