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Category Archives: trusts
The benefits of irrevocable trusts
People in North Carolina have many options to choose from when deciding how they want to protect the assets they intend to leave to heirs. However, an irrevocable trust has…
Setting up a charitable trust
People in North Carolina can contribute to a charity as well as passing on assets to a beneficiary with a charitable split-interest trust. There are two types of charitable trusts.…
Funding lifetime care for special needs children
North Carolina parents may need to spend a great deal of money to ensure that their special needs child is properly taken care of during his or her lifetime. While…
Avoiding estate tax on life insurance
Many North Carolina residents know that real estate and investments are considered taxable parts of an estate. However, they may overlook the fact that insurance proceeds are taxable assets as…
Why trusts can be superior to wills
When North Carolina residents die, their estate may go through the probate process. This can be a long and expensive process that prevents beneficiaries from getting their inheritance. However, this…
Advantages and disadvantages of life estates
A North Carolina resident who has a home to pass to beneficiaries might want to consider a life estate as an alternative to using a will or a trust to…
Trusts as estate planning vehicles
North Carolina residents who are interested in using trusts as part of their estate plan should know how many ways they can be used. People’s financial circumstances as well as…
Elements of a qualified personal residence trust
North Carolina homeowners who are creating an estate plan might wonder they should set up a qualified personal residence trust. The purpose of a QPRT is to transfer a home…
How a revocable trust can be useful
Some North Carolina residents might wonder whether they need a trust as part of their estate plan. Although there are many different kinds of trusts, one that is helpful for…
Have a pet? Consider a pet trust in your estate plan
If you are like many other residents in Charlotte, an animal is an important member of your family. Just like any member of the family, your pet needs to be…
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