On behalf of Orsbon & Fenninger, LLP | Jan 1, 2020 | trusts
Some people are not sure about setting up trusts because they can be hard to change. Irrevocable trusts, for example, cannot be altered unless the beneficiaries consent to it. Fortunately, North Carolina law provides residents with a way to change the terms of their...
On behalf of Orsbon & Fenninger, LLP | Dec 5, 2019 | trusts
A common fear among many pet owners is what may happen to their pets upon their death. To many people, pets are like family. Since they cannot inherit property or money, it becomes hard to dictate what will happen to them after you are gone. The State of North...
On behalf of Orsbon & Fenninger, LLP | Aug 29, 2019 | trusts
When you have a child with special needs, his or her care is always on your mind. In addition to his or her current care, as the parent, you have to plan for your child’s future also. In the unfortunate event that you are not there in his or her future, you need a...
On behalf of Orsbon & Fenninger, LLP | Aug 29, 2019 | trusts
Estate planning is about more than determining what happens to your property after your death. It is also an opportunity to give charitable contributions and enjoy some tax breaks. Setting up a charitable remainder trust allows you to make generous donations while...
On behalf of Orsbon & Fenninger, LLP | Jul 3, 2019 | Firm News, trusts
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...
On behalf of Orsbon & Fenninger, LLP | Jun 24, 2019 | Firm News, trusts
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...
On behalf of Orsbon & Fenninger, LLP | Jun 20, 2019 | Firm News, trusts
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...
On behalf of Orsbon & Fenninger, LLP | Jun 11, 2019 | trusts
When North Carolina residents draft their estate plans, they are sometimes worried that their heirs will be unprepared for a significant inheritance and fritter away assets that they have worked hard all of their lives to accumulate. These concerns may be especially...
On behalf of Orsbon & Fenninger, LLP | May 30, 2019 | trusts
Parental expectations about their children often determine the structure of North Carolina estate plans. For single parents, the stakes tied to estate planning may be even greater. In cases where a single parent dies leaving a minor child, the child might be forced to...
On behalf of Orsbon & Fenninger, LLP | May 24, 2019 | trusts
Certain family dynamics can make the estate planning process even more difficult for North Carolina residents. Fighting siblings, spendthrift children and other hostile relatives can raise issues that should be addressed during the actual planning process. Candid...
