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Plans for long-term living assistance in North Carolina
According to a survey recently conducted by the Associated Press-NORC Center for Public Affairs Research, just 33 percent of older Americans have saved enough money to pay for long-term care…
Irrevocable life insurance trust administration
An irrevocable life insurance trust may have many estate planning benefits when drafted and administered properly. Trustees in North Carolina are urged to be aware of their fiduciary duties, which…
Funding lifetime care for special needs children
North Carolina parents may need to spend a great deal of money to ensure that their special needs child is properly taken care of during his or her lifetime. While…
Avoiding estate tax on life insurance
Many North Carolina residents know that real estate and investments are considered taxable parts of an estate. However, they may overlook the fact that insurance proceeds are taxable assets as…
Who, what, when: Have you begun business succession planning?
Throughout your career as a business owner, you undoubtedly enjoyed seeing your company thrive and grow into the success you had always hoped. You likely put much of your life…
Why trusts can be superior to wills
When North Carolina residents die, their estate may go through the probate process. This can be a long and expensive process that prevents beneficiaries from getting their inheritance. However, this…
How digital data can be handled after one’s death
Google’s innovations continue to amaze consumers and intrigue investors. Much has been said about its development of autonomous cars that will allow drivers to sit back and leave the driving…
Advantages and disadvantages of life estates
A North Carolina resident who has a home to pass to beneficiaries might want to consider a life estate as an alternative to using a will or a trust to…
Trusts as estate planning vehicles
North Carolina residents who are interested in using trusts as part of their estate plan should know how many ways they can be used. People’s financial circumstances as well as…
Wonder if Old McDonald had an estate plan?
Next to trucking, most people consider farming to be the backbone of this nation. Many North Carolina residents make their livings tilling the land and producing crops that provide sustenance…
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