If you know about estate planning, you know that it is a great strategy for preparing for what happens to your assets after your death. It can also be used to prepare for incapacity when you will need someone to help you manage your affairs while you are still alive. If you plan ahead, with the help of experienced estate planning attorneys, then you will have the opportunity to control how your estate is distributed, as well as take steps to reduce or eliminate your estate taxes. However, a … [Read more...] about How Can I Keep My Estate Plan Private?
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Living Trust Video
If you’ve just started looking into estate planning and have been doing some research, you may have run across an unfamiliar term: the inter vivos or living trust. What does the term “living trust” mean? Living trusts are also referred to as “inter vivos” trusts. The term is used to describe a trust made during your lifetime, unlike a testamentary trust, which only becomes active when you die. A living trust can be either revocable or irrevocable. The revocable living trust A … [Read more...] about Living Trust Video
Understanding the Duties of an Executor of a Will
Being named as the executor of a will can be both an honor and a challenge. It can also leave you with many questions. Most people in the United States have at least a passing familiarity with the Last Will and Testament – though not even half of all adults create one. For those who do, however, there are few choices more consequential than the decision about who will serve as the will’s executor. And often times, the person making out the will may not even fully understand what it is that … [Read more...] about Understanding the Duties of an Executor of a Will
Charlotte Living Trust Attorney Explains How a Living Trust Can Be Better Than a Will
Although most people equate estate planning with simply creating a last will and testament, a will is not always the best choice. If you use a will to state your final wishes, your heirs will receive lump-sum inheritances. However, everyone is not good at managing money, and this can be disconcerting. Let our Charlotte living trust attorney explain how using a living trust can be a better choice than a simple will. One way to deal with this is to create a revocable living trust and use the … [Read more...] about Charlotte Living Trust Attorney Explains How a Living Trust Can Be Better Than a Will
Important Facts about Charlotte Trust Administration
When it comes to estate planning, trust administration is a critical component. Included in that is the trustee’s role in administering the trust. The trustee is the person who has been chosen to be responsible for complete management of the trust property and other important duties. With Charlotte trust administration, here are several really important facts that a trustee must know to properly fulfill his or her duties. Recognize that Charlotte trust administration can be complicated Many … [Read more...] about Important Facts about Charlotte Trust Administration
Ashland Medicaid Attorney Discusses Medicaid Fraud and How to Avoid It
Medicaid fraud and abuse are a reality in our country, unfortunately. The abuse costs billions every year because of the funds that are diverted from the program and not used for legitimate health care services. As our Ashland Medicaid attorney can tell you, the fraud and abuse ultimately increase the cost of Medicaid. It also increases the risk of detriment to patients who are unknowingly subjected to unnecessary medical procedures and medications. Here is what you need to know in order to … [Read more...] about Ashland Medicaid Attorney Discusses Medicaid Fraud and How to Avoid It
The Time to Start Estate Planning is Now
A legal matter can sometimes seem like an exercise in paper shuffling, and this mentality is often applied to the subject of inheritance planning. However, the estate planning process can be complex so let our Charlotte estate planning lawyer help you get started now. Estate planning is unique so it takes time Each family is different, so there is no one-size-fits-all estate plan that is perfect for everyone. There are those who assume that you can simply draw up a quick last will toward the … [Read more...] about The Time to Start Estate Planning is Now
Things to Remember about Estate Planning in General
We all know that passing away is one of the two certainties of life, but in spite of this, the majority of American adults are not properly prepared from an estate planning perspective. A lot of people fail to act because they really don't know why estate planning is important. Let's look at three things that you should know about estate planning. When you digest this information, you will understand why estate planning is essential. Our Ashland estate planning attorney can provide the … [Read more...] about Things to Remember about Estate Planning in General
How our Charlotte Elder Law Attorneys Can Help you With Estate Planning
Elder law encompasses a wide range of concerns – some of which can affect you at any age. If you’re like most people, chances are that you’ve never even heard of the area of law known as elder law. That’s certainly true if you’re in your younger years when legal concerns all seem to affect everyone on an equal basis. As you start to age, however, you’ll notice that the impact of different types of laws on your life seems to change. By the time you’re a senior citizen, the laws that directly … [Read more...] about How our Charlotte Elder Law Attorneys Can Help you With Estate Planning
Why You Should Create a Pet Trust
A common misconception is that pet owners can leave money behind for their pets in their wills. While they may have good intentions, you simply cannot include your pet in your will and expect that they will be cared for. The reason is that a pet is considered property, just like a car or jewelry. As such, a pet cannot "inherit" money from you through your will. So, no matter how detailed your will may be with regard to your pet, you are not protecting your pet as you may think. Instead, you … [Read more...] about Why You Should Create a Pet Trust
