December 2013 Posts

  • Estate Planning for Posthumous Conceptions

    A child may be born after a parent dies, which is a possibility couples can address in their estate plan. However, what are the inheritance rights of posthumously conceived children in North Carolina? ...
  • Avoid Charity Frauds

    Many people in North Carolina try to take advantage of year-end tax deductions, including tax-deductible contributions to charities. Legitimate charities help serve many purposes in communities and for causes that may have personal meaning for those making donations. ...
  • Protecting Tangible Assets

    Asset protection in North Carolina is not limited to preservation of investments and financial accounts. Art, antiques, classic cars, and other collectible items require asset protection tools and careful tax planning. ...
  • 3 Year-End Giving Tips: Use All Your Deductions

    The holiday season hits Americans just as the tax year is coming to an end. While most people are distracted with buying gifts for their friends and families, they could be enjoying tax deductions by making smart year-end gifts:...
  • Estate Plan Controversies

    Celebrities are not the only individuals whose estate plans experience controversy. The Will of any individual may be contested in court. Some estate plan provisions might cause conflicts. Controversy is particularly likely if an individual includes provisions for a spousal disinheritance or conditional inheritances based on marital status, religious beliefs, political affiliations or similar factors....
  • Forming an LLC in North Carolina

    As North Carolina continues to top “Best for Business” lists year after year, how are entrepreneurs and business owners across the state protecting their professional and personal assets?...
  • Locate a Will: Access a Safe-Deposit Box in North Carolina

    In addition to in-home fireproof safes, a common place for families to store important documents is a safe-deposit box at their bank. A Will, titles to real property and vehicles, life insurance policy information, trust paperwork, and other critical documents may be inside....
  • First Steps for Executors in North Carolina

    In most cases of estate administration in North Carolina, an executor is aware of their appointment before the decedent passes away. Occasionally, an individual only learns they are the executor of an estate after a close friend or family member dies. ...
  • What to Know About Last-Minute Will Changes

    Any competent individual over the age of 18 can create or update their Will in North Carolina. Sometimes a simple codicil (amendment) is sufficient in reflecting an individual’s wishes, but in other situations a completely new Will should be prepared. ...