North Carolina has a complicated probate process that supervises the way properties are distributed to beneficiaries based on the contents of a will. With a living trust– one that’s created while you’re still alive– you can conserve your family the costs and delays of dealing with the probate court after your death.
Creating a Trust in North Carolina
The primary step is producing the trust documents, which names the trust, the trustee and the property beneficiaries. This document is signed before a notary public. As soon as the trust is established, you can move possessions such as a vehicle, house and brokerage accounts to the trust’s name. No unique registration of the trust is needed in North Carolina.