You never expected it to happen, but you are on the cusp of your second marriage. This time, you feel like you have found the one, and you are ready to start this new chapter in your life. Entering a second marriage is not something you intend to do with blinders on....
Month: March 2018
Tax law may not harm charitable giving
The passage of the tax reform bill in December 2017 has left some North Carolina residents confused about what it might mean for their estate plans. People may be concerned about charitable giving and the estate tax exemption increase and be unsure of what the changes...
How to tell if an estate plan isn’t complete
Ideally, residents of North Carolina will review their estate plans on a regular basis. Failing to do so could mean that it is missing key components such as an advanced medical directive or a will. It could also mean that the plan doesn't have updated beneficiary...
Using trusts for adult children
Many North Carolina residents may want to avoid the estate planning mistake of bequeathing their assets directly to their children. Adult children who lack financial maturity could end up squandering direct inheritances. Parents who want their assets to last for...
Possible benefits of avoiding probate
When North Carolina residents die, their assets may need to go through probate. However, there are strategies that a person may employ to skip this process. This may allow an estate to transfer assets in a timely manner, which may provide clarity to beneficiaries as...
Do I need to change my will before my divorce?
You signed your will and created a revocable living trust. You established your advance directive plan, including your living will and power of attorney. Most likely, you named your spouse as the primary beneficiary and proxy on these documents as well as on any life...
