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How to avoid abuses of power of attorney
During the estate planning process, you may want to create a power of attorney document. This type of document designates a representative to act on your behalf in legal and…
Mistakes you can avoid in your special needs planning
Making estate plans for your special needs child can be a complicated matter. Not only does your child need food and housing, but you should also plan for whatever care…
What are some essential documents for an executor?
An older relative may have asked you to serve as the executor for your relative’s estate. Now that your relative has died, the time has come to assume the duties…
What are your options for trusts?
You feel ready to tend to your estate plan, and you learn about wills and trusts. Do you understand the different trust options? CNN Money describes multiple legal entity types.…
Should you rely on a “sweetheart will”?
A so-called sweetheart will describe an estate plan in which the first spouse to die leaves everything to his or her surviving spouse. When the second spouse dies, the couple’s…
Effective ways to include charitable giving in an estate plan
No matter the reasons people give to charities, most want to make their donations as powerful as possible. Estate planning has the potential to increase the effectiveness of charitable gifts…
Optimize your tax returns and avoid the gift tax
North Carolina residents who work hard to ensure they have a comfortable retirement are often surprised about how much taxes can cut into their funds. While virtually everyone can benefit…
How is North Carolina estate administration handled?
If you choose to handle the North Carolina estate of a deceased loved one, there are many responsibilities you might face, including estate administration. When an individual dies without a…
What do financial powers of attorney do?
In addition to estate planning documents like wills and trusts, you must also protect your assets in other ways. Naming a financial power of attorney is an essential part of…
Should you review your estate plan?
Creating your estate plan is a big step in end of life planning. But once you create it, you have to maintain upkeep. After all, your estate plan must reflect…
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