Here is the shocking account of "your" default decision on who gets your property if you die without a Will or a Will-Substitute in North Carolina!
Regardless of my spouse's financial needs, if I leave any children or grandchildren, I direct that my surviving spouse should only receive 33-50% of real property that I own. I also direct that my spouse only be guaranteed the first $60,000 of any personal property and assets I have. I direct that my children or grandchildren be entitled to 50-66% of any remaining personal assets.
Regardless of my spouse's financial needs, if I leave no children or grandchildren but am survived by my parents, I direct that my parents receive 50% of my real property. In such an event, I also direct that my spouse only be guaranteed the first $100,000 of personal property. I direct that my parents be entitled to 50% of any remaining personal property.
I appoint my spouse as physical guardian of my minor children. If my spouse dies before I do, I do not care who is selected as guardian of my children.
I insist that my spouse post a bond to the Clerk of Court and perform a routine accounting on all my estate's proceeds going to my minor children. The expenses of this accounting will be paid out of my estate.
At age eighteen years, my children shall have the right to withdraw and spend their entire share of my estate, without any regard for their educational or employment needs. I intend that creditors of my children be able to attach to the proceeds of my estate so that less of my inheritance benefits my children.
In the event that my spouse remarries, I give his or her new spouse a substantial percentage of all that my spouse inherits from me.
I do not wish to appoint my spouse or a trusted friend as personal representative of my estate. Anyone the Probate Court selects will do and they will be paid a commission from my estate.
I desire the government to tax my estate to the maximum, rather than using legitimate means to lower the taxes my estate must pay. This may leave less money to be distributed to my spouse and children.
I have intentionally omitted leaving anything to my church or another charity for the betterment of society.
I refuse to provide my family guidance on what medical interventions I would prefer in the event I have an accident, medical emergency, or chronic mentally disabling condition.
If I become unable to make my own financial decisions, I want my family to endure expensive and time-consuming guardianship proceedings to accomplish mundane tasks which I could have avoided by planning ahead.
I want the North Carolina's estate plan instead of my own.
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