What is the difference between a Will and a Trust in North Carolina?
A Will is a legal document that outlines how a person’s assets are distributed after death, which becomes public record in North Carolina.
A Trust, however, is a private arrangement that can manage assets during life and after death, potentially avoiding probate and offering more control over asset distribution.
A combination of both a Will and one or more Trusts can serve as the basis of a sound Estate Plan for individuals seeking protection and/or control over the distribution of significant assets. At ER Law Trial Lawyers, we can determine your needs and tailor a plan during an initial consultation.
February 20, 2025 – Eric Richardson
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