Many North Carolina want to avoid having their estates go through the probate process, but they may not be sure how they can do so. For real estate and other types of property, including cars, people may avoid probate by jointly owning the assets. When a person dies...
Month: December 2016
Will the estate tax be repealed?
North Carolina voters likely know that a debate has been brewing regarding the enforcement of estate and gift taxes. Donald Trump inquired about the possibility of repealing the federal estate tax. It is suggested that if this tax is repealed, it may be altered in a...
How special needs trusts help North Carolina residents
A special needs trust may be an effective tool for parents who are concerned about their child's welfare after they are gone. Putting assets into such a trust may ensure that the child is eligible for Medicaid while still having access to them if necessary. By...
Ending a trust
A trust is a tool for property management, and one that is set up in North Carolina or anywhere else will eventually come to an end. In general, a trust ends when there is no more property in the trust or on the date or at the milestone set by the grantor.The grantor...
Estate planning can provide peace of mind the 2nd time around
More than half the nation's citizens who are over 55 years old are in second, third or subsequent marriages. This number includes seniors in all states including North Carolina, and it represents research by the Pew Research Center -- a neutral entity that researches...