The individual serving as the personal representative of a North Carolina estate has a lot of responsibilities to fulfill. They need to communicate with the courts, manage estate resources and uphold someone's last wishes. One of the most basic requirements of the...
A comprehensive estate plan provides a roadmap for your loved ones. While most people think about things that happen after their death, the estate plan also encompasses specific points about what will happen if you become incapacitated. One of the most important...
Planning for the future involves more than just financial considerations. It is about ensuring that people pass on your legacy according to your wishes. One aspect of this process is selecting beneficiaries for your assets. This decision demands careful thought and...
Giving to charity is a good thing, and you can make it even better for your taxes with some smart thinking. Here is an example: if you donate from your retirement accounts like IRAs or QRPs, you can get some significant tax benefits. Usually, these accounts get taxed...
However careful you are when estate planning, there is always the possibility that you may forget something. Most people review their estate plan every couple of years, and a lot can change in that length of time. Remember, your estate plan should ideally account for...
If you are running your own business, you understand the importance of planning. Still, in the busyness of day-to-day activities, you may forget to plan what will happen to your company if you die or become incapacitated. Creating a succession plan can help ensure...
Trusts are an essential component of any estate planning process. Done right, these tools can hold assets for your beneficiaries and ensure that your wishes and legacy are honored long after you are gone. There are two main types of trusts: revocable and irrevocable...
A charitable trust is a powerful way to impact society positively. But more than the intangible rewards that a person may reap out of it, there are also some personal perks that you can benefit from starting one. If the thought has crossed your mind but you still have...
When you think about estate planning, you usually think about distributing physical assets like real estate, cash or heirlooms. In an increasingly digital and knowledge-based economy, it is essential not to overlook intellectual property when crafting your estate...
Assets and finances take up a lot of focus when it comes to estate planning. While distributing assets among beneficiaries is a large part of the process, there is much more to estate planning. If you have young children, then your will can provide instructions for...
