Having a will provides a great point of reference for your surviving family members as they prepare to close your estate. It can also provide visual reassurance to you that asset distribution will align with your intentions. Creating a will that meets your...
Having the responsibility of closing an estate requires time, patience and organization. Prior to accepting a request to be an executor, make sure you understand what your obligations will be. Your preparation can improve your confidence and your ability to...
A power of attorney (POA) is a legal document that gives another person the authority to make decisions on your behalf. Several types of POAs exist, including a durable POA, which remains in effect even if you become incapacitated, and a springing POA, which only...
Establishing a trust can be an excellent decision for your financial legacy. However, with the establishment of a trust, you have to make several important decisions, including establishing a trustee. You have complete control over who you choose to control your...
North Carolina does not impose an estate tax at the state level. But you will need to plan ahead for estate taxes from the federal government. The good news is federal taxation on estates usually only applies to high-asset situations. The IRS explains the intricacies...
If your estate includes special needs planning for a child who will require lifelong care, you may consider including a letter of intent. This letter is not a legal requirement, but it can provide you with peace of mind about the care your child will get once you are...
You worked hard to create a legacy to leave behind to your children, and you may worry about what happens to what you leave your child if he or she marries, and then that marriage fails. If you have concerns about your adult child potentially losing what you left him...
If you are in your second marriage, you might feel torn between leaving your estate to your current spouse and providing for your children from a previous marriage. In addition, your children might worry that their new stepparent will receive their share of your...
If you have not yet created an estate plan, you certainly are not alone. In fact, according to reporting from CNBC, roughly two-thirds of Americans are in the same boat. Still, as the adage says, there is no time like the present to get your affairs in order. When you...
Giving Tuesday, the Tuesday after Thanksgiving is quickly approaching. Whether you intend to make a one-time gift on Giving Tuesday or to leave a charity a substantial sum in your estate plan, you want to be certain your generosity is going to a worthwhile...
