Posts by Geoffrey A. Losee

Before we discuss what is a living trust, let’s first discuss what is a trust. A trust is an estate planning tool where you retitle your assets from your name to the name of the trust. Once the assets are retitled to the name of the trust, the assets are governed by its terms. Trusts…

A living will (also known as an advance directive) is a legally binding document that allows you to outline your end-of-life medical preferences if you cannot communicate them. This document informs your doctors and caregivers of your choices  in certain circumstances, such as when you are in a coma or permanently unconscious, terminally ill, or…

Trusts and Last Will and Testaments (commonly referred to as wills) are common terms used in the estate planning landscape. Although both are valuable estate planning documents that help ensure your property is transferred to your heirs, they serve different purposes. The primary difference between a trust and a will is that trusts can take…

If you’ve recently purchased property that borders a stream, river, lake, or other body of water in North Carolina, you may be wondering what your rights are to the water behind your house. Do you own it? Can you build structures, such as a dock, on the water? How far do your rights extend?

Rountree Losee is proud to welcome Wilmington estate planning attorney Michael A. Becker to our growing law firm. Mr. Becker brings valuable experience in estate planning, estate administration, and trust administration to Rountree Losee’s established estate planning practice, providing our clients with skillful counsel and guidance. Prior to joining Rountree Losee, Mr. Becker practiced in…

Do you have a plan for the future?  In these uncertain times, many people may contemplate making overdue updates to their estate plans – or feel motivated to create one. For many people, death is not something pondered aloud or openly discussed. However, estate planning is more than just talking about the end of life.…