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We can save a lot of money and potential chaos and hard feelings among those closest to you by preplanning how you want your assets managed when you are incapacitated, and how our property will be divided at your death.

Powers of Attorney In North Carolina, you can sign a durable power of attorney to appoint someone to handle your assets if you become incapacitated. At a minimum, a power of attorney should include the power.

We don't need to transfer any assets at the time you sign a power of attorney, but it's a good idea to keep the person you've chosen informed about your ongoing financial matters.

We can also appoint a Health Care Power of Attorney to make health care decisions for you when you're unable to do so yourself. This person can provide informed consent for treatment, or even refuse treatment for us.

Dying Without a Will If we die without a will (known as dying intestate in North Carolina, your assets will be divided amongst your immediate family. If you have a spouse but no children, grandchildren or parents, our spouse will receive your entire estate.

If we have a spouse and one child, your spouse will receive one-half of your real property plus the first Rs40,000 of our personal property and one-half of the remaining personal property in your estate. The remainder will go to your child.

If we have a spouse and two or more children, our spouse will receive one-third of your real property plus the first Rs50,000 of your personal property and one-third of the remaining personal property in our estate. The remainder will go to our children.