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Yearly Archives: 2020
Do fiduciaries have to file estate tax returns in North Carolina?
When it comes to estate tax returns, the laws vary from state to state. In North Carolina, fiduciaries are required to file Form D-407A. It is crucial for fiduciaries to…
Make careful decisions when creating a power of attorney
Creating a power of attorney is a good idea not just for the elderly but also for the middle-aged as well as for young people with growing families to care…
Charitable planning options that also benefit you
Tax data from the past year demonstrates that a genuine desire to do good motivates a majority of charitable donations. In 2018, new tax laws went into effect that reduced…
Reviewing North Carolina’s intestate succession guidelines
Most people in Charlotte likely view the process of estate planning with a good deal of trepidation. It places them in the unenviable position of disappointing some who may expect…
Should I set up a trust?
You have worked your whole life to accrue assets, like your home, retirement savings, vehicle, and more. That is why proper estate planning is so important. A solid estate plan…
What should I know about guardianship?
Some adults may be incapable of caring for themselves in a reasonable way. When this occurs, guardianship is established to ensure there is a competent person available to see to…
Have you considered the details of your advance directive?
An advance healthcare directive, sometimes called a “living will,” protects your right to choose what medical treatments you do and do not want when you reach the end of your…
5 things to update in an estate plan after your divorce
The end of a marriage can change your life in ways you don’t expect. Divorce can be a stressful and exhausting process, but it doesn’t always end right after the…
Charity beneficiary might present a solution to Secure Act
At the start of 2020, the Secure Act took effect and left many people wondering about retirement plans and estate plans. In a scramble to help clients update plans and…
What are pros and cons of setting up a private foundation?
Some people feel satisfied making regular donations to a cause. However, you may want to set up an operation that raises money for your cause and endures beyond your lifetime.…
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