Cedar Grove Estate Lawyer, North Carolina


Michael C. Hudson Lawyer

Michael C. Hudson

VERIFIED
Accident & Injury, Motor Vehicle, Estate, Lawsuit & Dispute

I attended Northern Durham High School and I am a 1978 Graduate of Elon College. I graduated from Campbell University School of Law in 1981 and hav... (more)

Gregory A. Heafner

Business, Criminal, Estate, Divorce & Family Law
Status:  In Good Standing           

Greg C McGibney

Real Estate, Estate Planning, Divorce & Family Law, Business, Family Law
Status:  In Good Standing           

Jennifer A. Jordan

Real Estate, Health Care, Estate Planning, Estate
Status:  In Good Standing           

Gray Ellis

Wills, Estate Planning, Family Law, Divorce & Family Law
Status:  In Good Standing           

Ronald S. Torain

Income Tax, Corporate Tax, Tax, Gift Taxation
Status:  In Good Standing           Licensed:  45 Years

Alonzo B. Coleman

Civil & Human Rights, Criminal, Traffic, Wills
Status:  In Good Standing           Licensed:  59 Years

Nichole Monique Hatcher

Employee Rights, Litigation, Trusts
Status:  In Good Standing           Licensed:  22 Years

Evelyn J. Davis

Accident & Injury, Criminal, Divorce & Family Law, Estate
Status:  In Good Standing           Licensed:  34 Years

Robert D. Mcclanahan

Wills, Family Law, Civil & Human Rights, Personal Injury
Status:  Inactive           Licensed:  46 Years

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Free Help: Use This Form or Call 800-943-8690

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LEGAL TERMS

LIFE BENEFICIARY

A person who receives benefits, under a trust or by will, for his or her lifetime. For an example, see AB trust.

FUNDING A TRUST

Transferring ownership of property to a trust.

INTER VIVOS TRUST

The Latin name, favored by some lawyers, for a living trust. 'Inter vivos' is Latin for 'between the living.'

INCOMPETENCE

The inability, as determined by a court, to handle one's own personal or financial affairs. A court may declare that a person is incompetent after a hearing at ... (more...)
The inability, as determined by a court, to handle one's own personal or financial affairs. A court may declare that a person is incompetent after a hearing at which the person is present and/or represented by an attorney. A finding of incompetence may lead to the appointment of a conservator to manage the person's affairs. Also known as 'incompetency.'

RESIDUARY BENEFICIARY

A person who receives any property by a will or trust that is not specifically left to another designated beneficiary. For example, if Antonio makes a will leav... (more...)
A person who receives any property by a will or trust that is not specifically left to another designated beneficiary. For example, if Antonio makes a will leaving his home to Edwina and the remainder of his property to Elmo, then Elmo is the residuary beneficiary.

LIVING TRUST

A trust you can set up during your life. Living trusts are an excellent way to avoid the cost and hassle of probate because the property you transfer into the t... (more...)
A trust you can set up during your life. Living trusts are an excellent way to avoid the cost and hassle of probate because the property you transfer into the trust during your life passes directly to the trust beneficiaries after you die, without court involvement. The successor trustee--the person you appoint to handle the trust after your death--simply transfers ownership to the beneficiaries you named in the trust. Living trusts are also called 'inter vivos trusts.'

NET ESTATE

The value of all property owned at death less liabilities or debts.

GENERATION-SKIPPING TRUST

A trust designed to save on estate tax. The trust principal is preserved for the trust maker's grandchildren, with his or her children receiving only income fro... (more...)
A trust designed to save on estate tax. The trust principal is preserved for the trust maker's grandchildren, with his or her children receiving only income from the trust. Because the children (the middle generation) never legally own the property, it isn't subject to estate tax at their death. See generation-skipping transfer tax.

FINAL BENEFICIARY

The person or institution designated to receive trust property upon the death of a life beneficiary. For example, Jim creates a trust through which his wife Jan... (more...)
The person or institution designated to receive trust property upon the death of a life beneficiary. For example, Jim creates a trust through which his wife Jane receives income for the duration of her life. Their daughter, the final beneficiary, receives the trust principal after Jane's death.