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Using charitable giving as part of your estate plan

When you hear the word “heirs,” you most likely think of close family or friends. However, you can also name charitable organizations as beneficiaries of your estate plan. Gifting your…

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Finetuning your will to reinforce your estate plan

Having a will provides a great point of reference for your surviving family members as they prepare to close your estate. It can also provide visual reassurance to you that…

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Preparing for your role as an executor

Having the responsibility of closing an estate requires time, patience and organization. Prior to accepting a request to be an executor, make sure you understand what your obligations will be.…

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Power of attorney abuses to look out for

A power of attorney (POA) is a legal document that gives another person the authority to make decisions on your behalf. Several types of POAs exist, including a durable POA,…

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The difference between an individual and corporate trustee

Establishing a trust can be an excellent decision for your financial legacy. However, with the establishment of a trust, you have to make several important decisions, includingestablishing a trustee. You…

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Will your estate have to pay taxes?

North Carolina does not impose an estate tax at the state level. But you will need to plan ahead for estate taxes from the federal government. The good news is…

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Should you include a letter of intent in your estate plan?

If your estate includes special needs planning for a child who will require lifelong care, you may consider including a letter of intent. This letter is not a legal requirement,…

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How a trust protects your adult child when a marriage fails

You worked hard to create a legacy to leave behind to your children, and you may worry about what happens to what you leave your child if he or she…

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What to know about second marriages and estate planning

If you are in your second marriage, you might feel torn between leaving your estate to your current spouse and providing for your children from a previous marriage. In addition,…

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Does your funeral deserve a place in your estate plan?

If you have not yet created an estate plan, you certainly are not alone. In fact, according to reporting from CNBC, roughly two-thirds of Americans are in the same boat.…

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