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Disclaimer: This post is for informational purposes only and is not legal or tax advice. We encourage you to work with a competent CPA or tax advisor of your choosing. Our office is more than happy to collaborate with them on your case. When most married couples think...
If your dog could talk, he’d probably ask what happens if he outlives you. While that’s not the happiest thought, it’s something every pet owner should consider. You wouldn’t leave your kids without a plan, so why leave your pets without one? In North Carolina, pets...
The name “living will” can be misleading. Many people think it has something to do with distributing their property—like a Last Will and Testament. But that’s not the case. A living will doesn’t decide who inherits your house, savings, or other assets. Instead, it’s...
When you think of blended families, you might picture a happy household where kids from different parents come together under one roof. But while Hollywood makes it look easy, real life isn’t always as simple. If you’re married for the second (or third) time and have...
There's a common misconception that if you pass away without a will, your spouse or children will automatically inherit everything without issue. However, without a clear legal directive, North Carolina's intestacy laws dictate who gets what based on a strict formula....
Being an executor is more than holding a title; it’s a responsibility that requires careful thought and preparation. In North Carolina, an executor—also referred to as a personal representative—carries out the terms of a will and ensures the estate is handled...
Trusts are versatile tools that help individuals manage their assets both during their lives and after their death. They provide a structured way to distribute wealth according to specific goals or family needs. Understanding the different types of trusts is key to...
If you’ve heard people talk about setting up a trust, you may wonder what it is and if you need one. I do not decide for you whether you need a will based estate plan or a trust based estate plan. At my office, our role is to explain the benefits and drawbacks of...
The probate process ensures that any remaining creditors are paid what they are owed, and the remaining assets are distributed to the correct people. Many people are told by friends, colleagues, and professionals to avoid probate if they can. As a law firm that...