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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.…
What does an executor do?
Being named a personal representative, also known as an executor, in a loved one’s will is a huge responsibility. The executor of a will has many duties, from paying beneficiaries…
3 reasons to start business succession planning today
Starting and growing a small business usually requires a tremendous amount of time, money and effort. Still, most small business owners do not have a succession plan. It takes time…
How does a special needs trust affect SSI?
Creating a special needs trust is necessary if you have a child or dependent with special needs. However, persons with special needs often benefit from supplemental Security income (SSI) government…
What is fiduciary duty?
When you take on the duties of administrator of someone’s estate or trustee of someone’s trust, you become a fiduciary. FindLaw explains that as such, you must work for the…
What are some pros and cons of a testamentary trust?
There are many examples of trusts when you get into estate planning. It is why you might want a second opinion since there is such a range to consider. You…
Is establishing a special needs trust necessary for our child?
There may be days when it feels like you and your spouse are the only people in North Carolina who genuinely understand what your son or daughter requires to thrive.…
How do wills and living trusts differ?
Planning for the future of your loved ones by preparing a will can help secure their futures, but perhaps you are unsure about where to begin. This issue is likely…
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