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Why trusts may be better than wills
According to the American Association of Retired Persons (AARP), individuals in North Carolina and throughout the country should have a trust instead of a will. Trusts are separate entities that…
Why trusts can help the estate planning process
Trusts can be an important part of the estate planning process for many people in North Carolina. Since they offer greater privacy and flexibility, people may opt to create a…
Getting started with succession planning
If business is going well, you probably do not want to think about stepping down from the helm. In fact, even if your company is going through a tough time,…
Spendthrift trusts provide peace of mind
When North Carolina residents draft their estate plans, they are sometimes worried that their heirs will be unprepared for a significant inheritance and fritter away assets that they have worked…
Tom Petty’s heirs in conflict over estate plan
North Carolina fans of the late musician Tom Petty may be aware that his family has been locked in a battle over his estate. At issue is the ambiguity of…
Estate planning concerns for single parents
Parental expectations about their children often determine the structure of North Carolina estate plans. For single parents, the stakes tied to estate planning may be even greater. In cases where…
Family drama often complicates estate planning
Certain family dynamics can make the estate planning process even more difficult for North Carolina residents. Fighting siblings, spendthrift children and other hostile relatives can raise issues that should be…
Use your estate plan to lessen the chances of family conflict
If you feel like you are struggling when it comes to estate planning, you are not alone. Many North Carolina residents wonder what details will help them best express their…
Old strategy helped by tax law changes
Changes in tax law have brought an old strategy back for taxpayers in North Carolina and across the country. It allows taxpayers to save taxes on appreciated assets. The renewed…
Professionals may make the best trustees
Individuals in North Carolina who have a high net worth may want to consider creating a trust. Doing so can make it easier to transfer large sums of money in…
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