Creating a comprehensive estate plan means assessing various aspects of your life and reviewing your options for how to address those aspects in the future. Some people may feel satisfied creating a plan that consists only of a simple will, but you could believe that...
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Is your estate plan incomplete without a prenup?
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....
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...
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 of probate without the guidance of a will or other document. You may be among those who have...
Setting up a guardianship for your special needs child
If you have a loved one with special needs, you know that it can be financially, physically and emotionally challenging to provide care. You work hard to provide the support he or she needs, but it is prudent to think about his or her care beyond your lifetime. It is...
An addicted child can complicate your estate plan
Every day, 142 people in the United States die from drug overdoses. This may be your greatest fear if you have an adult child who struggles with opioid addiction. The opioid crisis is so widespread that many refer to it as an epidemic. As you grow...
Do you really need a special needs trust for your child?
You may already know that your special needs child cannot have assets over a certain amount in order to receive benefits from the government. This limitation may make it seem difficult to plan for your child's future. Fortunately, an estate-planning tool that could...
Planning well for your exit from your small business
Small business owners know that it takes an incredible amount of time, effort and planning to start and sustain a business operation of any kind. You may have put an enormous effort into starting your company, but you should also plan how you want to dissolve or leave...
3 ways a power of attorney agent may abuse authority
Many North Carolina residents have likely heard at some point about the benefits of having a power of attorney document. This document allows you to appoint an individual to attend to your financial needs should you lose the ability to do so yourself. Because you...
Who, what, when: Have you begun business succession planning?
Throughout your career as a business owner, you undoubtedly enjoyed seeing your company thrive and grow into the success you had always hoped. You likely put much of your life into the business in order to ensure its survival, and as you grow older, you may find...
