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Category Archives: trusts
Choosing trustees
People in North Carolina should give careful consideration when selecting a trustee option. In many cases, it may be necessary to look outside of one’s own family to choose the…
Estate planning for everyone
Estate planning is something every North Carolina resident should do regardless of how much money they have or how old they are. If individuals have no legal provisions in place…
Estate planning is emotional as well as financial
For people in North Carolina, preparing for the future includes an estate plan. Estate planning helps to ease the life of heirs and make a family’s emotional pain after the…
Estate planning and tax liability
North Carolina residents who leave property to their loved ones may not realize how taxes can affect beneficiaries when they inherit an estate. South Dakota Congresswoman Kristi Noem has come…
Cy Pres doctrine allows charitable trusts to adapt and continue
When people in North Carolina choose to form a charitable trust, they might want them to serve their purpose in perpetuity. Unlike other trusts, a charitable trust has the option…
Why everybody should think about estate planning
North Carolina residents or anyone else with assets should consider creating an estate plan. Doing so may provide a level of control over who gets cash inside of a 401k…
Divorce and estate planning
People in North Carolina who are getting a divorce may want to consider changing their estate plan as well. If a person dies before the divorce is final or shortly…
When an irrevocable trust needs to be decanted
Traditionally, the only way to change an irrevocable trust is with the permission of beneficiaries and costly, time-consuming legal action. The idea behind an irrevocable trust is that the assets…
When an asset protection trust may make sense
North Carolina residents who are looking to do what’s best for their children may be interested in creating a spendthrift trust. This may be especially useful for those who may…
The various types of trusts
North Carolina residents may take advantage of a variety of trusts as part of their overall estate plan. For instance, a testamentary trust is one that is included in a…
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