A carefully crafted and effective estate plan should reflect the testator's goals and their family's needs. Thus, no two estate plans in Charlotte are exactly alike. Still, given how official and somewhat dry the language in your will, trust and other estate planning...
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Use these estate planning tips to reduce estate and income taxes
As you develop your estate plan, you may consider strategies to minimize estate and income taxes. US News and World Report suggests estate planning tips that may help you and your heirs realize tax savings. Irrevocable trusts may be useful tax planning tools You may...
3 qualities your power of attorney should have
While you may have enjoyed a healthy life so far, you probably recognize the frailties of the human body. Whether due to age, illness or injury, you may have difficulty making important decisions without some assistance. Even worse, you may eventually become incapable...
Philanthropic strategies under new tax law
Many people in North Carolina find contributing to charitable organizations a way to help others and promote causes that they believe in. These organizations may be big or small, as with the donations themselves, but all are valuable for many reasons. The work done by...
New tax law changes charitable strategies
Many people in North Carolina make donations to charities at different times in the year. Some of these donations may be modest while others may be more substantial. In the end, however, they all add up to help important causes. Consumers should feel good about making...
How to estate plan after a second marriage
Being part of a blended family can make estate planning harder. Therefore, it is important that those in North Carolina and throughout the country who are getting married for a second time review their current plan. Updating beneficiary and insurance forms can help to...
Why trusts may be better than wills
According to the American Association of Retired Persons (AARP), individuals in North Carolina and throughout the country should have a trust instead of a will. Trusts are separate entities that hold assets for the benefit of one or more individuals. Therefore, there...
Why trusts can help the estate planning process
Trusts can be an important part of the estate planning process for many people in North Carolina. Since they offer greater privacy and flexibility, people may opt to create a trust to handle matters in a way that may be far more challenging when using a will. Trusts...
Getting started with succession planning
If business is going well, you probably do not want to think about stepping down from the helm. In fact, even if your company is going through a tough time, you may want to be the one to see it through to better days. Unfortunately, this cannot go on forever. At some...
Use your estate plan to lessen the chances of family conflict
If you feel like you are struggling when it comes to estate planning, you are not alone. Many North Carolina residents wonder what details will help them best express their end-of-life wishes and it can be difficult to even know what those wishes are. For you, the...
