When people die without a will, the state’s intestacy laws dictate which heirs will inherit from the deceased person’s estate. Without a will, these heirs stand to inherit outright both personal belongings and money. Even with a will, a testator can decide which heirs inherit from the estate, but if there is no contingent trust set up for certain heirs, a financial inheritance can adversely affect these heirs.
The following five kinds of heirs are people who probably should not inherit large sums of money outright—either through a will or through the intestacy laws:
Investors Pay $5M For Former N2 Publishing Facility On New Centre Drive
Staff Reports
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Feb 3, 2023
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For Nearly $4M, Investment Firm Sells Brunswick County Home Sites
Staff Reports
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Feb 3, 2023
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Season’s Change At Julia’s Florist
Johanna F. Still
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Feb 3, 2023
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When The Government Becomes A Landlord
Johanna F. Still
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Feb 3, 2023
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Funding The Fight: Local Governments Put Opioid Settlement Dollars To Use
Neil Cotiaux
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Feb 3, 2023
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In Southeastern North Carolina, officials in New Hanover County, the city of Wilmington and Brunswick and Pender counties are starting to ma...
Like every other aspect of banking, mortgage lending continues to change as technology streamlines processes and gives would-be borrowers ac...
Winter is bowling’s peak season in Wilmington, where it's tough for indoor venues to compete with the beach during the summer....
The 2023 WilmingtonBiz: Book on Business is an annual publication showcasing the Wilmington region as a center of business.