September 2015 Posts

  • How Aging and Memory Loss Affect Finances

    Alzheimer’s is known for taking an emotional and psychological toll, both on the person experiencing cognitive decline and on their close family and friends. A senior suffering from memory deficiencies faces several financial risks that can be addressed in advance with an elder law attorney....
  • Protect an Elderly Relative’s Identity During Life and After

    Identity theft is not only a concern during one’s lifetime; some fraudulent parties specifically target the identities of the elderly or deceased. Identity theft risks the security of one’s assets and can be costly to resolve....
  • 3 Mistakes Parents Make in Estate Plans

    For many remarried individuals, estate planning decisions must take into account not only one’s biological children, but also step-children, future children, or a new spouse. In revising estate plans to incorporate these considerations, parents might utilize planning methods that unintentionally expose family to risks....
  • ‘Living Probate’ Now Possible in NC

    Recent amendments to North Carolina’s Uniform Trust Code now provide for ‘living probate’ – a way for individuals to petition a court to declare a will valid while the testator is alive. This could help prevent will contests after the testator dies....
  • 3 Questions to Ask if You Own Real Property With Joint Title in NC

    There are several ways to hold joint title to real property in North Carolina. The method of titling can also leave the property at risk to certain claims while both owners are alive, a factor which might be considered when choosing how to hold title. ...
  • Changes to North Carolina Trust Code Affect Estate Planning

    In August 2015, the Act to Amend the Law Governing Estate Planning and Fiduciaries (Senate Bill 336) was enacted to modify North Carolina’s Uniform Trust Code. The Act sets forth new provisions regarding trustee duties and liability, trust decanting, guardianship, and living probate....
  • North Carolina Special Needs Planning Update: Pending Autism Bill

    North Carolina Senate Bill 676, which has passed the Senate and is currently in the House Rules Committee, sets forth changes to healthcare coverage for autistic patients. ...
  • Assets Not Distributed According to One’s Will

    Keeping one’s last will and testament and other estate planning documents up-to-date is a critical part of maintaining one’s estate plan. However, merely creating and updating one’s estate planning documents is not enough, by itself, to adequately provide for distribution of every asset....