For estate planners who want to include charitable giving as part of their estate plan, they should be familiar with the process and how estate planning tools can help them set up their charitable plan. Incorporating charitable giving can be an important part of...
3 factors to consider when choosing a trustee
If you have a substantial estate, want to provide for a relative who has a disability or seek to avoid some tax liability, setting up a trust may be an integral part of your comprehensive estate plan. While you must be certain to comply with legal and technical...
Who is qualified by law to be a personal representative?
Many, but not all, people who have a sizeable estate have a will. However, what if you died intestate, that is, without a will? In this situation the court will designate someone to serve as the administrator of your estate, referred to as a “personal representative”...
Estate plan concerns to address with children after a remarriage
For North Carolina residents who have had success in life and accrued a healthy nest egg and substantial assets, it is important to understand the importance of estate planning. Whether that is using wills, trusts or other means to protect their interests and the...
Estate plan considerations for a second marriage
When deciding to marry again after divorce, updating your estate plan can ensure it continues to meet your needs. Conversely, a failure to review and change important documents can have unintended consequences. These are the key estate planning factors to consider...
Including pets in an estate plan
For many people, pets are part of their family and are close companions. Pet owners may not be aware that they can create a trust that addresses how their pets will be cared for if the pet owner passes away, becomes disabled or is otherwise unable to care for the pet....
Estate planning can include charitable contributions
People may choose to include a charity in their estate plan for a variety of reasons, including leaving a legacy for an organization or cause close to their heart. They may also want to consider the other benefits of charitable estate planning, including tax savings....
What do you know about choosing a guardian for your child?
You cannot fathom the idea of not raising your child, but you must face the possibility that something may happen to you and your partner. How do you select the right individual to step in and take over your parental duties? Forbes offers ideas to keep in mind when...
What kind of guardian is right for a special needs adult?
When you have a special needs child, you know that you need to provide for this child once he or she becomes an adult. One of the ways you can do this is by establishing guardianship. There are several different kinds of guardianship you might pursue, depending on...
Prior planning ensures smooth transfer of assets to a beneficiary
Life is full of changes and many occur unexpectedly. When it comes to estate planning, you will want to keep up with the goals you establish. Advance planning will ensure that assets such as savings account or retirement account proceeds pass in a smooth and timely...
