Residents of Charlotte, North Carolina, and the rest of the U.S. should consider Stan Lee's story as an example of what not to do when planning an estate. Stan Lee spent the last years of his life dealing with multiple business managers and attorneys, but he still...
Month: November 2018
Pros and cons of joint ownership
Many North Carolina residents want to save time and make life easier for their heirs while also ensuring that their own bills will be paid off in the future. A key goal in estate planning is often to avoid probate and allow property to pass on without having to go to...
Estate challenges more likely between kids and stepmothers
Whether your first spouse passed away or your marriage ended in divorce, your children may have had strong opinions about your decision to remarry. A second marriage requires careful planning, especially if you already have substantial assets or are blending children...
Dealing with a recalcitrant trustee
Trusts are often an attractive method for North Carolina estate owners to pass on wealth outside the probate system. However, it is important that people select the right trustees when setting up a trust. Otherwise, the consequences could be significant for the...
How silent trusts can help people plan for the future
Many people in North Carolina want to pass on their assets to their children, and they may see the advantages of planning early on for wealth transfer. By creating trusts earlier in life, people can not only put their estate plans in place but also reap significant...
Educational trust considerations for multiple heirs
A parent or grandparent in North Carolina who wishes to fund the education of heirs through an estate plan will need to consider issues like equal treatment and differences in educational costs. Paying for the schooling of multiple heirs could be accomplished by...
