November 2015 Posts

  • 3 Tax Planning Steps for the New Year

    Common tax planning strategies include retirement contributions, family gifting, and making charitable donations. Outlined below are a few alternative planning steps to consider in the New Year....
  • Estate Planning Documents for Young Adults

    Many legal responsibilities and freedoms are afforded to United States citizens when they reach the age of 18. Who will provide reliable care and maintenance of a young adult’s affairs if they are incapacitated? ...
  • 7 Power of Attorney Conflicts

    Maintaining powers of attorney in one’s estate plan is generally an optimal planning practice. However, some conflicts can develop....
  • 5 Mistakes With Long-Term Care Insurance

    Long-term care (LTC) insurance rates this year were 8.6% higher than the year prior. As rates rise, planning professionals and policy holders take concerted efforts to develop care plans that effectively maximize investments and benefits to prevent the fees for LTC insurance from becoming cost prohibitive. ...
  • Problems With Old Trusts

    Even if one’s goals were accomplished when a trust was initially created years ago, those goals might not align with current tax legislation and, sometimes, could result in overly complicated trust administration....
  • Same-Sex Couples and Social Security Spousal Benefits

    Our Chapel Hill estate planning attorney Samantha Reichle recently wrote a post explaining the eligibility requirements and benefits that are now legally available to married same-sex couples nationwide. ...
  • Tax Considerations in Structuring Inheritances

    When dividing assets in an estate plan, the testator might be inclined to evenly split assets for heirs. However, if not planned for properly, federal and state tax requirements nevertheless could result in an uneven split of assets upon distribution...
  • Legal Planning: Greater Costs for Dementia and Alzheimer’s Care

    End-of-life treatments in particular cost 81 percent more for dementia patients than others. Cognitive impairments such as dementia and Alzheimer’s impose significant care expenses on the aging population....
  • 3 Alternative Living Options for Seniors

    Traditional senior living homes face new competition from several alternative living options for seniors....
  • Elder Care Legal Planning: Non-Financial Costs of Caregiving

    Opting for a family caregiver might seem financially attractive. However, caregivers often carry financial and non-financial burdens as a result....