On behalf of Orsbon & Fenninger, LLP | Nov 10, 2020 | Estate Planning
A donor-advised fund is a savings account that lets you set aside money or assets for charitable causes you specify now or in the future. Consumer Reports explains that these funds can help you meet your charitable giving goals while offering tax and other...
On behalf of Orsbon & Fenninger, LLP | Oct 30, 2020 | Estate Planning
If you have decided to get married again after a divorce, you may need to adjust your estate plan. Updating your will and other documents to include your new spouse and provide for children from both marriages can help prevent future conflicts. Review these estate...
On behalf of Orsbon & Fenninger, LLP | Oct 9, 2020 | Estate Planning
Maybe you have set up most of your estate plan in North Carolina, or you are just getting started. People at all stages of their estate planning eventually run into the question of how to provide for their pets after they have passed away. Including your pet in your...
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...
