Trustee
Why North Carolina Trustees Should Acquire Liability Insurance
Without liability insurance, trustees remain personally accountable for trust administration mistakes. Certain insurance policies help to manage trustee liability. These errors and omissions…
Rights of Trust Beneficiaries
Trust beneficiaries have legal rights detailed in the trust documents and governed by state and federal trust code. If a beneficiary experiences…
Changes to North Carolina Trust Code Affect Estate Planning
In August 2015, the Act to Amend the Law Governing Estate Planning and Fiduciaries (Senate Bill 336) was enacted to modify North Carolina’s Uniform…
3 Reasons to Choose a Non-Family Trustee
Creating a trust generally involves the intention of preserving assets for loved ones. Benefiting from a trust’s preservation might not be possible…
Successor Trustee Responsibilities
When a trustee passes away or becomes incapacitated, a successor trustee must step forward. In addition to the trustee’s duties, a successor…
Types of Trust Beneficiaries
Our asset protection attorneys in Chapel Hill have previously reviewed the rights of trust beneficiaries. These rights vary depending on the type of…
