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A divorce could prove stressful and complicated for North Carolina spouses. When child custody factors into the divorce proceedings, things may become even more difficult. The court looks at all the arguments presented when awarding custody. However, the ultimate goal...
Many contracts contain standard “Act of God” or “Force Majeure” provisions. What do these terms mean? Often people scoff at legal “boilerplate”. But will these provisions quietly become your savior in the COVID-19 Pandemic crisis? Let the lawyers at Maitland &...
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...
North Carolina law requires spouses to live separately and apart for at least one year prior to filing for divorce. Each individual must reside in his or her own home for the court to recognize a legal separation. When a spouse decides to move out of a shared home,...
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...
A recent federal court decision appears to attempt to limit the application of the attorney-client privilege to email communications. Should sensitive emails between management personnel in anticipation of potential litigation against a “problem” employee,...
Starting a business can be a very exciting time and it can also prove to be stressful as the task of procuring new clients and transitioning your idea into profits can take some time to come to fruition. However, there are initial steps that should be considered by...
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...
We had a client inquire today regarding the tax implications of their bank forgiving the deficiency amount owed after a foreclosure sale. The bank issued a 1099 of over $100,000.00 in “income” the client must report. Does the client need to pay income tax on that...
When registering your business with the Secretary of State, you are required to identify a Registered Agent. The requirement for the registered agent is set out via NC General Statute and is as follows: Must be an individual who resides in this state and whose...