RT @NCBAorg: Congratulations to NCBA member @confinservlaw of @SmithDebnamLaw for her appointment as chair of the Debt Collection Practices…
Fifth Circuit Pumps The Brakes On Arbitration https://t.co/1M9RuXMhjb
House Financial Services Committee Considers Amendments to the FDCPA https://t.co/joLGqaAVZj
Under North Carolina law, if no one can locate your will after your death, the court will presume you destroyed the will and therefore, consider it revoked. Without a will, the state of North Carolina determines how to distribute your property – not you.
Even if you provided every family member a copy of your will, North Carolina law requires the original. While it is possible to probate a copy, the witnesses to the will would have to come forward, which isn’t always possible, and the time and associated costs can add up quickly.
With the lawyer—Some attorneys will keep an original on file in their office, although fewer are willing to do so due to the increased liability.
In a firebox at home–This is a good idea as long as the people in charge of your affairs after you die know where you stored the firebox and how to access it.
File with the Clerk’s office—You can file the original with the Clerk’s office for a small fee.
In a safe at home—Although these are not always fireproof, this is a reasonable alternative, as long as someone knows that’s where you stored the will and they have a way to access it.
Safety deposit box— This is not the best idea, as banks in North Carolina charge a fee and require a death certificate and possibly a court official before they will allow a family member to access the safety deposit box.
In a freezer bag in the freezer—the freezer will survive a surprising number of calamities (I’m from Carthage—and you’d be surprised how many people from the county use this method). Freezer temperature eliminates mold and most moisture issues.
It’s critical to make sure the people you want in charge of your affairs know the location of your will documents and how to access them upon your death. Otherwise, the courts will decide the fate of your estate.
If you have questions about where to store your will and how to keep it safe, please contact an estate planning attorney.
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