On behalf of Orsbon & Fenninger, LLP | Sep 13, 2020 | Estate Planning
The wealth you earn over your life deserves to go where you want it. At certain levels of income and assets, the government seeks to tax large percentages that could go to people you love or charities you wish to donate to. As Forbes lists, recent legislation like the...
On behalf of Orsbon & Fenninger, LLP | Sep 1, 2020 | Estate Planning
When it comes to estate tax returns, the laws vary from state to state. In North Carolina, fiduciaries are required to file Form D-407A. It is crucial for fiduciaries to understand the requirements associated with the estate and taxes, since failure to do so can...
On behalf of Orsbon & Fenninger, LLP | Aug 19, 2020 | Estate Planning
Creating a power of attorney is a good idea not just for the elderly but also for the middle-aged as well as for young people with growing families to care for. However, as the principal, you need to appoint someone trustworthy who can act on your behalf. Consider...
On behalf of Orsbon & Fenninger, LLP | Aug 12, 2020 | Estate Planning
Tax data from the past year demonstrates that a genuine desire to do good motivates a majority of charitable donations. In 2018, new tax laws went into effect that reduced the tax benefits of itemizing deductions such as charitable donations with a larger standard...
On behalf of Orsbon & Fenninger, LLP | Jul 31, 2020 | Estate Planning
Most people in Charlotte likely view the process of estate planning with a good deal of trepidation. It places them in the unenviable position of disappointing some who may expect a certain interest in their estates. For this reason, many put off the process. Indeed,...
On behalf of Orsbon & Fenninger, LLP | Jul 27, 2020 | Estate Planning
Some adults may be incapable of caring for themselves in a reasonable way. When this occurs, guardianship is established to ensure there is a competent person available to see to the ward’s needs. Understanding the ins and outs of guardianship is essential,...
On behalf of Orsbon & Fenninger, LLP | Jun 29, 2020 | Estate Planning
An advance healthcare directive, sometimes called a “living will,” protects your right to choose what medical treatments you do and do not want when you reach the end of your life. You have a legal right to refuse any type of treatment, but an advance directive may be...
On behalf of Orsbon & Fenninger, LLP | Jun 26, 2020 | Estate Planning
The end of a marriage can change your life in ways you don’t expect. Divorce can be a stressful and exhausting process, but it doesn’t always end right after the separation is complete. After a divorce, there’s still an important step you should take to secure your...
On behalf of Orsbon & Fenninger, LLP | Jun 21, 2020 | Estate Planning
At the start of 2020, the Secure Act took effect and left many people wondering about retirement plans and estate plans. In a scramble to help clients update plans and offer new protections, many financial advisors began to advise the use of a charitable beneficiary...
On behalf of Orsbon & Fenninger, LLP | Jun 8, 2020 | Estate Planning
Some people feel satisfied making regular donations to a cause. However, you may want to set up an operation that raises money for your cause and endures beyond your lifetime. Such goals are why some people create a private foundation. Like other forms of charitable...
