Some North Carolina residents who are creating an estate plan may want to include a charitable donation. This can be a way for people to support a cause that is important to them during their lifetime. It can also be a way to reduce estate tax. There are several ways...
Month: January 2019
Estate planning advice for parents after remarrying
North Carolina residents who don't pay attention to their estate plan after getting remarried could accidentally exclude their children from it. Ideally, an individual will have at least a will. Dying intestate could result in the courts determining where a person's...
Acting as executor is a job, and you can get paid
No matter how much you love your family members, you typically cannot control how they handle their affairs. Immensely organized may describe some of them, while others may haphazardly store important items and documents or seem to hoard possessions. Whatever the case...
Incentive trusts useful when leaving money to addicted family
Many families in North Carolina have experienced firsthand the devastating effects of the nationwide opioid crisis. When people are addicted to opioids, their main focus seemingly is to secure drugs at all costs, even if it means stealing money for the drugs from...
How trusts differ from wills
Those who live in North Carolina or any other state could benefit from creating either a will or a trust. While neither is better than the other, they provide different ways for a person to create an effective estate plan. A trust is considered its own entity that is...
Estate planning options for baby boomers
In 2019, the youngest members of the baby boom generation in Charlotte will turn 55, an age when many think more about planning for their future. This can include making detailed plans for retirement as well as considering the eventual distribution of assets to loved...