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Yearly Archives: 2018
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…
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…
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…
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…
How to estate plan after the tax law change
The Tax Cuts and Jobs Act (TCJA) will likely change the way that North Carolina residents approach estate planning. The current generation-skipping trust (GST) and estate tax exemption is $11.18…
Planning for health care during retirement
When making plans for their retirement, North Carolina residents should remember to also include their health care. This is one aspect of retirement that some people fail to plan for,…
Estate planning considerations
Many people in North Carolina put off estate planning, and some people pass away before they ever complete their plans. It is important for people to draft their estate plans…
Changes in the tax law and its effect on legacy planning
In 2017, Congress passed legislation that made significant changes to tax law. For people in North Carolina who are creating an estate plan, the major part of that law that…
About trusts
A trust is used to transfer certain assets to a trustee, who will manage or hold the assets for the intended heir. North Carolina residents can use a trust if…
Planning your estate to include a new spouse and stepchildren
Estate planning is important, but not many people realize the value of making these plans until it is too late. This often leaves loved ones with the frustration and confusion…
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