North Carolina residents who are creating an estate plan and who have homes in more than one state need to decide which one is their legal residence and whether they want to continue using that state as their official residence. Generally, wherever they are registered...
Month: October 2016
Estate planning across a lifetime
North Carolina residents with many investments may have some specific needs when it comes to estate planning. They might want to view estate planning as a lifelong process rather than simply something that occurs at the end of their life. This gives them the...
Placing homes in trusts
North Carolina residents may want to consider placing their homes in living trusts. These estate planning tools may help their grantors to pass their homes to their beneficiaries much more quickly and without having to deal with the expenses of the probate court...
Passing a family business to the next generation
A business can do more than support a family during the lifetime of the founder. It can be a legacy that continues to provide income and employment to children and grandchildren. To successfully pass a business to the next generation of ownership requires careful...
Grandparents can pay for tuition using an education trust
The cost of higher education is a significant expense for most North Carolina families. Grandparents that want to ensure that their grandchildren can afford to pay for college may want to set up an education trust. An education trust may be structured to cover the...