Writing out a last will is not the only necessary step for estate planning. There are numerous other documents people can include, and they can address other issues beyond their final wishes when they die. Your estate plan can potentially protect you in numerous...
You know that you and everyone else will use an estate plan eventually. It may be before you pass away, such as in a case where you need loved ones to make medical decisions and handle your legal affairs as you fight a disease. Or you may be in perfect health until...
Life is nothing if not unpredictable. No matter how carefully you plan, you may not wind up working in the industry that you expect or living in the house where you first had children. That unpredictability is one of the reasons why people decide to develop an estate...
When you have a child, you constantly have to make a lot of tough decisions -- and that's especially true when you're thinking about important issues like what would happen to your child if you're not around to raise them. Deciding who you want as your child’s...
Many North Carolina residents are fortunate enough to receive an inheritance from parents, grandparents or other loved ones. In some cases, the inherited assets or funds could be substantial or valuable, and deciding what to do with the inheritance is not always as...
It's not always easy to think about the future. It can be uncomfortable to think about what could happen after your passing and your preferences regarding what will happen to your stuff. However, estate planning is an important step for every adult, regardless of age...
Even if people think a certain action is a good idea, they may have a hard time doing it. For some North Carolina residents, it may be a matter of procrastination, but for others, it may be about a lack of information on how to start a certain venture. For example,...
Maybe you had a health scare this past year and spent some time in the hospital, unable to communicate your wishes. This may have been a frightening time as you wondered whether those closest to you really understood the kind of measures you expected doctors to take...
When thinking about the possible options you want to use to create a comprehensive estate plan, using a trust may come to mind. However, you may also have reservations about utilizing this planning tool because there seems to be little flexibility in terms of changing...
There is no shame in wanting to save money whenever possible. Frugality may be what has allowed you to acquire the substantial assets you have in your estate. Since you have taken such care to save and manage your assets, it only makes sense that you would want to...
As half of a North Carolina high-asset married couple, you and your spouse likely own some antiques that you’ve collected over the years or inherited from your respective family members. Should you divorce, you will need to value those antiques for purposes of...
When creating an estate plan, it is important to select the right elements to meet your specific needs. One of those choices may be whether to use a will or a trust.In order to make the right choice for you, it is critical that you know what each offers. There are a...
Creating a proper estate plan requires making intentional decisions, and in order to do so, one should be knowledgeable about the subject. In a previous blog, you learned about the differences between wills and trusts in an estate plan. Along with knowing the...
Perhaps you sat down with your attorney after your first child was born to develop a comprehensive estate plan. That was a good idea, but it was decades ago.Since then there have been many changes in your life. For example, now you are on your second marriage, you...
During and after a divorce, there are many things you must consider. Initially, your concerns lie in the formalities of the actual proceedings, such as dividing assets and debts and constructing a parenting plan. Once the dust settles, you can begin getting other...
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