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Surviving spouses often require additional estate planning
When a spouse dies in North Carolina, most of the focus goes to the estate planning that was accomplished by the recently deceased. This, of course, is appropriate. However, the…
Using beneficiary designations for charitable donations
Some North Carolina residents who are creating an estate plan might want some of their assets to go to charity. However, people often use a will or a trust to…
How the probate process can affect an estate plan
When people in Charlotte think about estate planning, they may consider where they want their belongings to go after they die. However, in many cases, they may not fully consider…
Star Aretha Franklin dies without a will
The death of legendary singer Aretha Franklin has shined a new spotlight for many North Carolina fans on the complications that can ensue from dying without a will. When the…
A succession plan is good for your small business
North Carolina small business owners know how difficult it is to start a business and make it successful. It takes careful planning and strategy to start a profitable company, but…
Steps to creating an estate plan
Many people in North Carolina are among the half of all baby boomers and 70 percent of all Americans who do not have an estate plan. All adults need an…
Tax law changes for trusts and estates
North Carolina residents who are planning for the future may be interested to learn about the ways in which recent tax reforms affect trusts and estates. The Tax Cuts and…
Trust accounts and FDIC insurance limits
Many people in North Carolina use trusts as estate planning tools. These types of accounts can provide significant benefits in terms of estate tax planning and give funders a measure…
Tax code changes impact life insurance trusts
There are an estimated 1,800 estates that will be subject to federal estate taxes after the passage of the Tax Cuts and Jobs Act. The legislation increased the federal estate…
3 estate issues and how you can prevent them
Because you love your family a great deal, you undoubtedly do not want to place them in a difficult position unnecessarily. However, if you do not create an estate plan…
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