Revocable vs. Irrevocable Trusts in North Carolina

At first glance, it seems like the difference between a revocable trust and an irrevocable trust would be obvious. You can revoke a revocable trust. The same is not true of an irrevocable trust. To understand the real differences between these types of trusts, it is helpful to look at the different ways they are…

Read More

Back to School Estate Planning Basics

Juggling family life, work, bills, and the kids’ schoolwork leaves no time to worry about your future. However, estate planning is vital. Many people push it to the back burner when life becomes too complicated or because they feel too young to think about it. Remember that finding the time to make these significant financial…

Read More

Types of Power of Attorney in North Carolina

Estate planning lawyers create different types of power of attorney documents in North Carolina to accomplish different goals for their clients. Certain types of POA documents are very useful to have as a standard part of your estate plan. Other types may be most useful in specific circumstances unique to your situation. Understanding Powers of…

Read More

What is Guardianship?

When a court determines that someone cannot manage their finances or their healthcare, the court can appoint a guardian to make decisions and act on that person’s behalf. A guardian could be an individual such as a family member or an entity. The person subject to guardianship sometimes referred to as a ward, is often…

Read More

Do You Need a Special Needs Trust for Your Child in North Carolina?

Parenting a special needs child comes with an extra share of care and responsibilities, one of which concerns your child’s future. It is essential to ensure that your child enjoys a financial safety net after you are gone.  Timely and appropriate estate planning can help provide for your child’s long-term needs. Specifically, your family may…

Read More