Making a Last Will and Testament is the cornerstone of estate planning—it’s one of the most important legal decisions you can make in your lifetime. Without a will, North Carolina law will determine how your property and assets are distributed after your passing. But by drafting a will, you’re in control of the division of
Read More...
A trust is a fiduciary arrangement that allows a trustee (a third party, not usually the beneficiary), to hold assets on behalf of a beneficiary or beneficiaries. Trusts can be drafted to deal with many situations and issues (e.g., minority, disability, spendthrift, creditor issues of a beneficiary, etc.) and can specify exactly how and when
Read More...
Every business owner is heavily invested in the success and future of his or her business and usually, the business comprises a large portion of his or her estate, monetarily or emotionally. How do you plan to exit your business if you die, suffer a disability or want to retire? Do you want to ensure
Read More...
If you are incapacitated or incompetent as determined by a physician and cannot make your own health care decisions, who can make these decisions on your behalf (e.g., authorize medical procedures, hire/fire health care providers, get/release your medical information, place you in a health care facility, long-term facility, etc.)? Even if you’re currently healthy, it’s
Read More...
Estate planning involves more than determining who will get your assets on your death. Undesired medical treatment can negatively impact your estate plan and possibly deplete your assets. Establishing documents detailing your wishes regarding medical treatment are important for your estate plan and for you and your family’s well-being—this is often done with a “living
Read More...
People often wonder if they need a will. A will can help minimize potential estate tax consequences and deals with personal property and real property not effectively disposed of through other means. Other means include useful beneficiary designations, accounts/assets held as joint tenants with rights of survivorship, real estate owned as tenancy by the entireties,
Read More...
A Durable General Power of Attorney is likely the most important Estate Planning document. In North Carolina, how does anyone act on your behalf with your financial affairs if you are incapacitated or incompetent? Absent a legal document known as a durable general power of attorney and an attorney-in-fact/agent acting on your behalf under the
Read More...
While a separation agreement and divorce can help to untangle your assets from your ex-spouse’s, a review of your separation agreement, assets, and estate planning documents with an estate planning attorney can help ensure how your assets are handled or disposed of...
Read More...
Online legal service providers such as Legal Zoom, US Legal, Rocket Lawyer, and Lawyer Depot offer quick, convenient, and low-priced forms to customers who choose to represent themselves and to create their own legal form documents. While these internet services have these positive attributes. Here are three reasons to consider hiring a law firm instead:
Read More...