The estate tax law states that every dollar over the $1 million mark on the valuation of an estate is taxed at 55 percent. This is the federal rate and states might even add their own death tax on top of it. Anyone concerned with their ability to pass down their...
Month: January 2017
Child custody and visitation for unmarried fathers
A father in North Carolina has the right to seek visitation and custody rights regardless of whether he was married to his child's mother. However, paternity must be officially established before an unmarried father can assert his parental rights. If paternity is not...
Stay-at-home moms need a postnuptial agreement
While a prenuptial agreement is intended to determine whether you or your partner have rights to certain assets in the event the marriage ends, the postnuptial agreement does the same but with one key difference. A postnuptial agreement is created after your marriage...
Putting children first in divorce cases
North Carolina parents who are divorcing should put their children's needs ahead of their own. While it is important for people to take care of themselves, handling their children's needs is more important. When parents put their children ahead of themselves, their...
How to choose an executor for your estate
Unless you want a stranger determining how your assets are allocated after your passing, it is wise to create a will that dictates your wishes when you are unable to do so. An important consideration after creating the will involves who to name as executor, or the...