What is the difference between a living trust and a will in north carolina?
Most estate plans in North Carolina include both a will and a living trust. The will and the living trust work together but serve different purposes.ProbateTo understand a will and a living trust you must understand what probate is. Probate is the process that occurs immediately after you die and a probate judge distributes your property to your heirs. Probate can be time-consuming and stressful.WillsIf you have a will in North Carolina, the probate judge will distribute your property according to the terms of your will. If you don’t have a will, the judge distributes your property according to North Carolina state rules.Avoid ProbateA living trust is an estate planning document that helps you avoid probate. When you transfer property to a living trust you no longer personally own that property. Since you don’t own the property, the property does not have to go through probate.Time FrameA living trust operates while you are alive and continues to exist even after you die. A will is onl
