• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer

The Potter Law Firm

North Carolina and Kentucky Estate Planning Attorneys

phone iconNC (704) 944-3245
KY (606) 324-5516
Attend A Free Seminar - KY Attend A Free Webinar - NC/SC THIS IS AN ADVERTISEMENT

  • Home
  • About Us
    • About Our Firm
    • Attorney and Staff Profiles
  • Practice Areas
    • Asset Protection & Business Planning
    • Elder Law & Medicaid Services
    • Estate and Gift Tax Figures
    • Family-Owned Businesses & Farms
    • Incapacity Planning
    • IRA & Retirement Planning
    • Legacy Planning
    • Pet Planning
    • Probate
    • SECURE Act
    • Special Needs Planning
    • Trust Administration
  • Elder Law
    • Coping With Alzheimer’s
    • Emergency Medicaid & Nursing Home Planning
    • Guardianship & Conservatorship
    • Hospice Care
    • Medicaid Planning
    • Nursing Home Planning
    • Veterans Benefits
  • Communities We Serve
    • Kentucky
      • Boyd County
        • Ashland
        • Florence
      • Kenton County
        • Covington
        • Fort Mitchell
        • Independence
    • North Carolina
      • Mecklenburg County
        • Charlotte
        • Davidson
        • Huntersville
  • Resources
    • Definitions
    • DocuBank
    • Elder Law
      • Elder Law Links
      • Elder Law Reports
      • Local Elder Law Resources
        • Ashland Elder Resources
        • Covington Senior Resources
        • Huntersville Elder Law Resources
        • Independence Senior Resources
    • Elder Law Reports
    • Emergency Legal Documents
    • Free Estate Planning Seminars
    • Free Estate Planning Worksheet
    • Frequently Asked Questions
      • Estate Planning
      • Frequently Asked Questions for Families Without an Estate Plan
      • IRA & Retirement Planning
      • Legacy Wealth Planning
      • LGBTQ Estate Planning
      • Medicaid
      • Pet Planning
      • Trust Administration & Probate
    • Is Your Estate Plan Outdated?
    • Kentucky Probate Resources
      • Ashland, Kentucky Probate Resources
    • Newsletters
    • North Carolina Probate Resources
      • Huntersville, NC Probate Resources
    • Reports
      • Advanced Estate Planning
      • Basic Estate Planning
      • Elder Law Reports
      • Estate Planning for Niches
      • Trust Administration
  • Contact Us
  • BLOG
Home » Communities We Serve – Davidson, NC

Communities We Serve – Davidson, NC

We would like to thank our neighbors in Davidson, North Carolina for visiting our website. If you are looking for a licensed estate planning attorney in North Carolina, you have found a reliable local resource. Located in northern Mecklenburg County, Davidson is settled beside beautiful Lake Norman.  Home to Davidson College, the town has a population of nearly 11,000.

Davidson is a vibrant, growing community

Davidson, only 20 miles north of Charlotte, is a small college town whose residents enjoy a great “sense of community.” With a certified arboretum, this pedestrian and bicycle-friendly town has a lot to offer.  The main street in Davidson is full of shops and a community library, with wide sidewalks and flowers are everywhere. If you visit the town green you are bound to find outdoor concerts, festivals, pick-up football games, exercise groups, yoga, and Tai Chi.

Davidson offers open space, greenways, and vast development

Davidson clearly believes in open space. In fact, in the last ten years, the town of Davidson has attained nearly 600 acres of open space. Those greenways and walking trails serve to connect neighborhoods, as well as provide its citizens with options for getting around town while enjoying nature.

In Davidson, they handle development in a unique way. The town requires public input from the community for all new development projects and recommend good design. In 2004, Davidson won the Smart Growth Award winner for Overall Excellence in town design and planning. Then in 2013, the town won the North Carolina Chapter of the American Planning Association’s “Great Main Street” Award.

How a revocable living trust works

Here at The Potter Law Firm, we take our commitment to our neighbors in Davidson to heart. So we want our neighbors to recognize the value of using a revocable living trust in their estate plans. The revocable living trust is an estate planning device that you should certainly explore before you make any final decisions. Contrary to a widely held belief, you do not have to be a multimillionaire to benefit from the creation of this type of trust.

Plus, you do not surrender control of assets that you convey into a living trust. You can act as the trustee while you are living, and you can also act as the initial beneficiary. It would be possible to change the terms of the trust, and you can even rescind or revoke the trust entirely at any time.

How to fund a living trust

When you convey assets into the living trust, you are funding the trust. To do this, you change the ownership registration of the property that you want to convey into the trust. You make the trust the new owner of the property. You may list the property that you are conveying into the trust in the trust declaration.

It is also possible to list this property on an additional document called a schedule. Another option would be to use the trust agreement to transfer the property to the trustee, and of course, you will act as the trustee while you are living, so you are not surrendering control of the property.

How to handle assets left outside of your trust

When you create your estate plan, you should execute a pour-over will to sit beside your living trust. If you have any assets that are still in your direct personal possession when you pass away, this will would allow the trust to hold these resources as well.

If you do not have a pour-over will, and you have no documents other than the trust, the assets that were in your personal possession would become probate property. The probate court would determine the way they should be distributed.

If you have questions regarding living trusts or any other estate planning matters, please contact the experienced attorneys at The Potter Law Firm for a consultation. You can contact us either online or by calling us at (704) 944-3245 in Charlotte or Huntersville, NC or for individuals in Kentucky at (606) 324-5516 (Ashland, KY) or at (859) 372-6655 (Florence, KY).

Free Estate Planning Worksheet

There's a lot that goes into setting up a comprehensive estate plan, but with our FREE worksheet, you'll be one step closer to getting yourself and your family on the path to a secure and happy future.
Texting Permission

Follow Us

  • Facebook
  • Instagram
  • LinkedIn
  • RSS
  • Twitter
  • YouTube

Testimonials

default image

Overall The Potter Firm was very professional. They took what could of been a very complicated process and were able to break it down so it was a lot easier to understand. We are confident we now have made the right decisions in our estate planning. Good firm to work with.

DKS & KMS Client Review August 28, 2020

default image

John Potter has been a real pleasure to work with. He is very knowledgeable and explains things in a very simplistic manner so the average person can understand how/why the laws are written. He is very attentive and asks questions in such a way that not only helps him understand your goals, but also helps you think about what type of goals and expectations you should be considering. Exemplary client service.

David J. Client Review August 28, 2020

default image

My husband and I selected Ms. Potter to assist with our small business. She responsive and attentive every time I have a question or need assistance, and is extremely knowledgeable and able to answer any legal question I have had. I know I can count on Ms. Potter for all of my business legal needs and I would highly recommend her to anyone needing legal assistance with such.

Jillian Client Review August 28, 2020

<< Prev
Next >>

Where We Are

Ashland

ASHLAND
1620 Carter Avenue
Ashland, KY 41101-7631
Phone: (606) 324-5516
Fax: (606) 324-4766

Charlotte

CHARLOTTE
15720 Brixham Hill Avenue
Suite 300,
Charlotte, NC 28277
Phone: (704) 944-3245

Huntersville

HUNTERSVILLE
11330 Vanstory Drive
Huntersville, NC 28078
Phone: (704) 944-3245

Northern Kentucky

NORTHERN KENTUCKY
7310 Turfway Road
Suite 550,
Florence, KY 41042
Phone: (859) 372-6655

Office Hours

Monday8:30 AM - 4:30 PM
Tuesday8:30 AM - 4:30 PM
Wednesday8:30 AM - 4:30 PM
Thursday8:30 AM - 4:30 PM
Friday8:30 AM - 3:00 PM

Map/Location

potter_sidbr_map
potter law logo
  • Facebook
  • Instagram
  • LinkedIn
  • RSS
  • Twitter
  • YouTube

The information on this website is for general information purposes only. Nothing on this or associated pages, documents, comments, answers, emails, or other communications should be taken as legal advice for any individual case or situation. The information on this website is not intended to create, and receipt or viewing of this information does not constitute, an attorney-client relationship.

Privacy Policy | Terms of Service | Disclaimer | Site Map | Powered by American Academy of Estate Planning Attorneys

© 2023 American Academy of Estate Planning Attorneys, Inc. THIS IS AN ADVERTISEMENT