Creating an estate plan is an important decision for people in North Carolina. Most might try to go the simplest route and craft a will. In many instances, it is the wisest option. However, some people have different objectives and their financial and personal...
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Estate Planning
What is a power of attorney and why is it important?
A lot of people think that estate planning is just the process of figuring out how your assets are going to be distributed once you pass away. While this is certainly a big portion of estate planning, it isn’t the entire process by any means. In fact, as you engage in...
Discovering ways to save for college
The cost of education in North Carolina and around the country only continues to rise, and for families with young children, the prospects can seem daunting without having a long-term plan. The most popular and familiar ways of saving for higher education are the...
Three reasons to include a trust in your estate plan
Those who moved to Chapel Hill as young adults, worked a job, raised a family and are now retired may now be thinking about what will happen to them after they pass on. While it is not exactly pleasant to think about, many people of an older age come to an...
Key details to know about making a will
If you are a legal adult, it is generally a good idea to have a written will. To be considered valid under North Carolina law, the document must include your name as well as the names of your spouse, children and executor. It will also likely need to include both your...
Wills and Power of Attorneys: Frequently Asked Questions
Do I need a Will? We always recommends creating a Will in order to protect your assets and your loved ones, and to ensure that your wishes are met. What’s a Power of Attorney? This allows you to put someone in charge of handling financial and legal matters for you if...
Gay Marriage- Make sure to update your deeds and wills!
Congratulations to gay couples who now can enjoy full legal recognition of their married status! One of the most powerful tools under North Carolina real estate law is to hold property by Tenancy by the Entirety. This is only available to married couples and thus was...
Education Trusts: A Unique Way to Plan for Higher Education
An Education Trust is a trust established for the exclusive purpose of financing the ever increasing costs of higher education. Education Trusts can be great planning tools for anyone looking to provide funding for the education of loved ones and are typically used by...
Estate Planning You Can Trust
People often consider trusts to be asset transfer tools of the super wealthy. However, the truth is that trusts can prove to be a smart choice for people of average income too. The true benefit of establishing a revocable living trust is that it allows your heirs to...