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What happens to an estate plan if both spouses die
People in North Carolina might be aware that the death of George H. W. Bush, the former president, occurred just eight months after the death of his wife, Barbara Bush.…
What to know about federal estate tax laws
Those living in North Carolina or any other state have the right to gift up to $11.18 million without any estate tax implication. The exemption amount was increased from around…
How to learn from Stan Lee’s messy estate planning
Residents of Charlotte, North Carolina, and the rest of the U.S. should consider Stan Lee’s story as an example of what not to do when planning an estate. Stan Lee…
Pros and cons of joint ownership
Many North Carolina residents want to save time and make life easier for their heirs while also ensuring that their own bills will be paid off in the future. A…
Estate challenges more likely between kids and stepmothers
Whether your first spouse passed away or your marriage ended in divorce, your children may have had h2 opinions about your decision to remarry. A second marriage requires careful planning,…
Dealing with a recalcitrant trustee
Trusts are often an attractive method for North Carolina estate owners to pass on wealth outside the probate system. However, it is important that people select the right trustees when…
How silent trusts can help people plan for the future
Many people in North Carolina want to pass on their assets to their children, and they may see the advantages of planning early on for wealth transfer. By creating trusts…
Educational trust considerations for multiple heirs
A parent or grandparent in North Carolina who wishes to fund the education of heirs through an estate plan will need to consider issues like equal treatment and differences in…
How a professional can assist with estate administration
Taking on the job of estate administration is not something to do lightly. While it may seem like an honor if someone names you executor or if the court appoints…
How to avoid these common estate-planning errors
There are several common estate planning errors that North Carolinians should be careful to avoid. One frequent mistake is failing to fill out beneficiary designation forms for the assets that…
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