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Does a power of attorney apply immediately?
As part of your estate plan, you may consider using a power of attorney. This document gives you the chance to legally choose an agent who can act on your…
3 ways to incorporate philanthropic giving into your estate plan
Philanthropy is a great way to ensure that your estate is put to good use after you are gone. By leaving your estate, or part of it, to charity, you…
Why include a letter of intent in your estate plan?
Putting in place a well-thought-out estate plan is crucial to ensuring the proper handling of your estate and affairs after your passing. Including a letter of intent can be a…
3 scenarios when guardianship for your child can come in handy
During the unpredictable journey of parenthood, there may come a time when the consideration of guardianship becomes crucial. When it comes to securing your child’s well-being, guardianship is an undeniably important…
4 ways someone could abuse power of attorney
Power of attorney grants someone the authority to make financial and legal decisions on behalf of another individual. This arrangement is important in estate planning. However, it is necessary to…
2 reasons why your aging parents need advanced directives
Advanced directives are legal documents that outline individuals’ preferences regarding medical treatments and interventions in the event of incapacitation. These directives can provide a roadmap for healthcare professionals and family…
How to know when to establish guardianship for your aging parents
As the dynamics of family life evolve, the responsibility of caring for aging parents becomes an essential consideration. Determining when to establish guardianship for your aging parents is a decision…
What you should know about eligible designated beneficiaries
If you’re going to be putting your estate plan in place soon, you obviously care about things like making sure that your assets go to those who need or can…
The rules for handling debts during estate administration
The individual serving as the personal representative of a North Carolina estate has a lot of responsibilities to fulfill. They need to communicate with the courts, manage estate resources and…
2 types of powers of attorney to consider
A comprehensive estate plan provides a roadmap for your loved ones. While most people think about things that happen after their death, the estate plan also encompasses specific points about…
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