Attorney Andrew Bullard breaks down how 'Per Stirpes' and 'Per Capita' beneficiary distributions compare and why it… https://t.co/U6GaQYD5pp
Understanding the Difference Between a ‘Per Stirpes’ and ‘Per Capita’ Distribution https://t.co/IsqsvpFwTg
Attorney Andrew Bullard breaks down how 'Per Stirpes' and 'Per Capita' beneficiary distributions compare and why it… https://t.co/p2aqG68xyr
This question comes up frequently in the context of school-aged children who may live with a grandparent or aunt, uncle, or someone other than their natural parents. Schools will often send grandparents, etc. to the courthouse to file for guardianship so there is some proof on record as to who has decision-making authority over the child’s well-being. Unfortunately, this often results in a wasted trip and confusion.
In North Carolina, a “guardian” is someone who is appointed by the Clerk of Superior Court to make decisions for an incompetent adult. Once the court has determined someone incompetent, the court refers to this person as “the ward.” There are three different types of guardians for incompetent adults.
A Guardian of the Person makes decisions about the ward’s personal welfare, such as their living arrangements and medical plans and decisions.
A Guardian of the Estate can make decisions about the ward’s finances, such as paying bills, investing monies, etc.
A General Guardian is a combination of both the Guardian of the Person and the Guardian of the Estate, and has authority over both the ward’s personal and financial decisions.
North Carolina guardianship procedures do not provide for the needs of minor children, except in very limited circumstances. A minor cannot be appointed a Guardian of the Person or a General Guardian, unless 1) both natural parents are deceased, or 2) the court has terminated the parent’s parental rights. However, the Clerk of Superior Court may appoint a Guardian of the Estate for a minor child in cases where the child requires a guardian to manage an inheritance or life insurance proceeds from a deceased family member.
North Carolina guardianship practices are primarily geared towards adults, with a few exceptions. The law, however, does address the needs of minors through the custody procedure when minor grandchildren reside with a grandparent, and at least one natural parent is still living.
If you have questions or need would like additional information on this topic, please contact attorney Cara Williams at 919.250.2173 or by email at firstname.lastname@example.org.
Cara Williams is an associate attorney at Smith Debnam, concentrating her practice in creditors’ rights litigation and foreclosure, estate planning, and probate litigation. She represents lenders, acting as substitute trustee on behalf of secured parties in foreclosure and providing professional counsel on loan transactions and lien issues. Cara authors a blog titled: North Carolina Estate Litigation and Elder Law - where she covers important issues with respect to estate planning and elder law. Prior to joining Smith Debnam, Cara was the Assistant Clerk Attorney for the Wake County Clerk of Court where she was the hearing officer for foreclosures, guardianships, estates, and various civil matters....LEARN MORE