North Carolina residents or anyone else with assets should consider creating an estate plan. Doing so may provide a level of control over who gets cash inside of a 401k or who gets ownership of a house. An estate plan may also protect beneficiaries who aren't good at...
Month: November 2017
Using transfer on death to bypass probate
North Carolina residents might wonder how they can arrange their estates to avoid probate. One man named his daughter as a beneficiary on investments and left her his car and home in his will. He wondered if there might be a better way of doing this. While it is...
Divorce and estate planning
People in North Carolina who are getting a divorce may want to consider changing their estate plan as well. If a person dies before the divorce is final or shortly after the divorce, the ex- or soon-to-be-ex-spouse could end up with the person's assets. For example,...
Set the stage for continued business success and a lasting legacy
Successful business owners like you understand the importance of good leadership. After all, your North Carolina business did not grow into the productive, prosperous company it is today by osmosis. You put your whole heart and soul (and a lot of time and effort) into...
When an irrevocable trust needs to be decanted
Traditionally, the only way to change an irrevocable trust is with the permission of beneficiaries and costly, time-consuming legal action. The idea behind an irrevocable trust is that the assets in it are outside of the control of the grantor and that it remains...