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Responsibilities of trustees
A person in North Carolina who is the fiduciary for a trust has an obligation to manage that trust responsibly. If the person lacks financial experience, a professional can be…
Using pour-over wills
A North Carolina resident can use a pour-over will as a backup mechanism to ensure that assets are passed to a trust after death. With a pour-over will, an estate…
Why estate planning can be an important step
People in North Carolina often want to enjoy a greater level of control and management of their assets and their future, even when facing declining health. This means that estate…
Can a charitable trust help meet your goals?
If you are among the few in North Carolina who have taken the time to plan your estate, you should be proud of yourself. Your efforts have the potential to…
Learning the basics of a revocable living trust
As the name suggests, a living trust is one that North Carolina residents or others use to manage their affairs while alive. A revocable living trust is one in which…
Mistakes in estate planning
Only 40 percent of people in the United States who are at least 60 years old have completed the appropriate documents to ensure that their healthcare and finances are looked…
Estate planning for special needs individuals
If a North Carolina family has a special needs member, it may be necessary to account for that in an estate plan. Ideally, a family will create a special needs…
Taking care when naming trustees
Some people in North Carolina recognize the value of establishing trusts as a component of their estate plans. While trusts can help people avoid probate and distribute their assets in…
Certain precautions could help you avoid power of attorney abuse
Creating a comprehensive estate plan means assessing various aspects of your life and reviewing your options for how to address those aspects in the future. Some people may feel satisfied…
Financial preparations for the future
Some people in North Carolina and other states across the United States will reach a point where they are incapacitated and unable to provide care for themselves without some kind…
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