As major life changes occur, you may want to change the provisions in your will. Knowing how to do this effectively can help ensure your property is distributed according to your wishes. While some general guidelines can give you a basic idea of how wills work,...
Estate Planning
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...
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...
How does divorce affect your will in North Carolina?
Although you have enough things to worry about when you get a divorce, make sure that your will is on the list. Your divorce order and your feelings toward your ex will have an impact on the terms of your will. Depending on your circumstances, you may either need to...
Using Trusts to Minimize the Impact of the Estate Tax
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...
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...