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Yearly Archives: 2019
Family drama often complicates estate planning
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…
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…
Old strategy helped by tax law changes
Changes in tax law have brought an old strategy back for taxpayers in North Carolina and across the country. It allows taxpayers to save taxes on appreciated assets. The renewed…
Professionals may make the best trustees
Individuals in North Carolina who have a high net worth may want to consider creating a trust. Doing so can make it easier to transfer large sums of money in…
Successful estate plans pay close attention to several issues
Families that hold substantial assets in North Carolina typically seek financial and legal advice when planning their wealth transfers. Every person who writes a will, sets up a trust or…
What to do about passwords in an estate plan
Some North Carolina residents who are creating an estate plan might not have considered what they need to do to ensure their executor or family members have access to any…
Can your family benefit from drafting a special needs trust?
Every family is different, which means every family will have different estate planning goals. If you have a disabled or special needs individual in your family, it is beneficial to…
Estate planning tips for collectors
Individuals who like to collect valuables may have to work a little harder to ensure that their estate plan accounts for those items. This is because payment and other records…
A DAPT could be a powerful estate planning tool
An estate planning tool called domestic asset protection trusts (DAPTs) may make it possible to minimize income and estate taxes. The DAPT is a self-settled irrevocable trust, which means that…
How trusts can help most people
There are many different types of trusts that North Carolina residents can have as part of their estate plan. The most common one is a grantor trust, and it makes…
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