Divorce is tough. The legal battles, emotional turmoil, and lifestyle changes can be overwhelming. But once the dust settles, there is another crucial task on your list: updating your estate plan. Ignoring this step can lead to unintended consequences. Revise your...
Estate Planning
What are the assets that pass outside of your will in North Carolina?
When most people think about estate planning, they immediately think of a will. This document guides the handling of your estate after you pass, but it is not the only tool you can use in estate planning. Certain assets automatically pass to the surviving owner,...
Financial planning for adult children with special needs
Estate planning is crucial for parents with a special needs adult child. It ensures that the child is cared for and financially secure after the parents can no longer provide support. For parents in this situation, understanding the options and implications of...
How do you adjust your estate plan for a blended family?
Blended families occur when two adults who have children fall in love and get married. It can take quite some time for the family to fully adjust to the new circumstances. Older children, in particular, can sometimes be resistant to the changes that come with a newly...
What is a guardianship?
It’s rough to watch your parents decline with age, and rougher still to realize that your roles have gradually become reversed. Instead of them guiding and protecting you, you now have to guide and protect them. This is particularly true when your parent has developed...
3 estate planning changes to make when you file for divorce
Your divorce will drastically change your personal circumstances. From your living arrangements to your parenting obligations, almost everything in your life shifts after divorce. You are more legally vulnerable as a single person after your divorce than you are as a...
A sound estate plan relieves family pressures
Nobody wants to think about death all the time. This is one reason that individuals often put off estate planning. However, in the grand scheme of things, estate planning only takes up a relatively short amount of time, if done properly. Not only can drafting a will...
Don’t forget about mental health when making advance directives
Have you ever heard the terms advance medical directives or advance health care directives? These two estate planning terms mean the same thing—they allow you to make plans for your future medical care needs. If you become incapacitated or cannot speak your wishes...
2 things to ask when choosing a guardian for your child
A will is an important estate planning tool that outlines how you would want to have your assets distributed when you pass on. And, if you have minor children, you can also name guardians for them in your will. This way, should you pass on or become incapacitated,...
Succession planning is key if you want to leave your business
A business is only as strong as its leadership. As someone who serves as the executive or owner-operator of a successful company, you understand how important your role is for the company's success. You may have dozens of employees that rely on you to make the right...