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Yearly Archives: 2023
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…
What should you consider while choosing beneficiaries?
Planning for the future involves more than just financial considerations. It is about ensuring that people pass on your legacy according to your wishes. One aspect of this process is…
Maximizing the tax benefits of charitable gifts
Giving to charity is a good thing, and you can make it even better for your taxes with some smart thinking. Here is an example: if you donate from your…
What are pour-over wills?
However careful you are when estate planning, there is always the possibility that you may forget something. Most people review their estate plan every couple of years, and a lot…
Does your business have a succession plan?
If you are running your own business, you understand the importance of planning. Still, in the busyness of day-to-day activities, you may forget to plan what will happen to your…
Revocable vs. Irrevocable trust: which one should I set up?
Trusts are an essential component of any estate planning process. Done right, these tools can hold assets for your beneficiaries and ensure that your wishes and legacy are honored long…
What are the pros and cons of setting up a charitable trust?
A charitable trust is a powerful way to impact society positively. But more than the intangible rewards that a person may reap out of it, there are also some personal…
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