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Why you should change your estate plan if you plan to divorce

If you are in the process of divorcing your partner or waiting for the ink to dry on your decree, you must remember to update your estate plans. All too often soon-to-be divorcees in the Charlotte area think they do not have to modify their estate plans because they will no longer be married. Unfortunately, some of them learn the hard way that divorces do not change estate plans. You must do it yourself. 

Answers to 3 common questions about tax consequences of divorce

As you prepare for divorce, there are probably a lot of things swirling around in your mind. With heightened emotions and so many problems overwhelming you, it can be easy to forget about or overlook some important things. For example, have you thought about how your divorce will affect your taxes?

When to consider a prenuptial agreement

If you are marrying in the near future, you probably have a lot on your mind, and one of the things you may be considering is whether you ought to put together a prenuptial agreement. Essentially, “prenups” are legally binding contracts that make certain determinations about matters that relate to a couple, although the exact material covered in such an agreement will vary broadly from one couple to the next.

Understanding key factors of guardianship

If a parent should pass away, there should be instructions regarding who will take care of his or her children. Many parents may count on their spouses being able to take over. However, it is important to have a plan in place in the chance that a spouse passes or is otherwise unable to care for the child.

Estate planning mistakes to avoid

One of the most important things you should do when creating your estate plans in Charlotte is anticipate potential problems your heirs may encounter. It is easy to assume estate planning is strictly for your benefit. However, your estate plans also have a big impact on the people who will inherit from them. 

What you need for a valid will

Making a will is a major part of careful estate planning for many in North Carolina. An effective will can provide for the distribution of your assets and ensure the carrying out of your wishes when the time comes.

3 tips for women to be financially stable after divorce

You are getting a divorce and trying to maintain your financial stability. Your husband is well off, and you are wondering how you are going to keep up your lifestyle post-divorce. Even with child support and alimony, it can seem daunting to figure out. Although it may seem complicated and stressful, there are steps you can take to secure your financial future.

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