When done properly, an estate plan affords peace of mind to those creating it and leaves behind a legacy for their descendants. But sometimes estate planning can go awry – and it’s usually due to eccentricities held by either the creators of the estate plan, the beneficiaries, or both. To give a good idea of… Read more
North Carolina Will and Estate Attorney Says, “When It Comes to Cryptocurrency, Estate Planning Is a Must!”
You’ve most likely seen articles and news segments about cryptocurrency. The most popular form is Bitcoin, but there are several others on the horizon. For the uninitiated, cryptocurrency is a digital or virtual currency that uses cryptography for security, making it difficult to counterfeit. One of the main reasons why people and investors like cryptocurrencies… Read more
Basics of Funding a Revocable Living Trust
Creating a revocable living trust is one of the best strategies for avoiding probate and leaving a lasting legacy for your family. However, the true protection afforded by a trust does not come after all the documents are signed – trusts need to be fully funded in order to make a real impact on your… Read more
How to Avoid Power of Attorney Scams in North Carolina
Everyone has heard of the financial scams that target vulnerable seniors, even right here in North Carolina. Seniors are a common target for these scams because they often suffer from cognitive impairments that reduce their ability to discern legitimate requests from those that are not. One common situation is when a scam artist calls an… Read more
Basics of Funding a Revocable Living Trust
Creating a revocable living trust is one of the best strategies for avoiding probate and leaving a lasting legacy for your family. However, the true protection afforded by a trust does not come after all the documents are signed – trusts need to be fully funded in order to make a real impact on your… Read more
It’s Possible to Change a Revocable Living Trust
As circumstances change and life throws new challenges our way, it’s important to take a look at your future plans and make sure they still match your wishes. This means examining your existing estate plan and making changes if necessary, which is especially true for your revocable living trust. As the name suggests, a revocable… Read more
Successor Trustees: Who Are They, What’s Expected of Them, and How to Choose
Revocable Living Trusts are designed to serve a variety of functions, such as providing individuals with greater control over how their assets and property are handled in the event of incapacitation or death, while also sparing loved ones from having to deal with the costs and delays of probate court. When a Revocable Living Trust… Read more
Estate Planning When You’re Ill or Dealing with Health Challenges Related to Old Age
Estate Planning When You’re Ill or Dealing with Health Challenges Related to Old Age Serious health diagnoses can impact your life in huge ways and may bring concerns you haven’t thought of up to the forefront. One of those concerns, which is often pushed off when everything is going well, is estate planning and/or elder… Read more
When is it Time to Downsize?
When is it Time to Downsize? At some point, after your kids have moved out and started their own families, you may start thinking about downsizing your house. Depending on your personal situation, that may mean either moving into a smaller house, or to a senior living or independent/assisted living community. If you’ve been considering… Read more
Greensboro Estate Attorney on the Importance of Estate Planning for Blended Families
Blended families increasingly are common, occurring when two people enter into a subsequent marriage after prior marriages end in death or divorce. While these relationships present many opportunities for joy and happiness, they also bring with them unique estate planning challenges, especially when children from previous marriages are involved. These challenges usually happen when one… Read more