Unless you exercise care when creating your estate plan, there is a chance that the decisions you make during the process may create conflicts among your children after you die. By starting early and creating your estate plan while you are of sound mind, you may be...
Selling a home can be both a rewarding and stressful process. If you are lucky, you find a buyer quickly and set a fast closing date. Nevertheless, your house may sit on the market for months or longer. In August 2020, most for-sale homes in the U.S. stayed on the...
North Carolina residents often have questions about probate during the estate planning process. Understanding how probate works in the state can help inform your decisions. Review these aspects of North Carolina probate when planning your estate. Defining probate...
Whether you are buying or selling a home, you are probably anticipating a certain closing date. However, closing dates are not cast in stone. Here are five issues that can cause a delay in the proceedings. 1. Unrealistic closing date It normally takes between 45 and...
If you expect to leave assets to your loved ones, you may have concerns about the taxes they will pay on your estate. While North Carolina no longer has an estate tax, your assets may be subject to federal taxes. Review the federal tax guidelines as you plan your...
Distributing possessions to your children is a challenging part of settling an estate. It is more difficult dividing personal belongings compared to money. Planning ahead of time how you want to divide your jewelry, dishes, furniture, photos, artwork, clothing or...
Even though estate plans have historically focused on tangible assets like a home, classic cars or family heirlooms, a significant portion of modern lives are being lived online. While you can’t necessarily hold a digital avatar, these online assets can be just as...
Assembling an estate plan requires a clear and direct focus on financial matters. You and your lawyer must parse through decades of dense paperwork to get a clear picture of your estate’s value. It can be easy to overlook important items during planning, including the...
As you go through the divorce process, you and your ex might experience a whole range of feelings, including pain or anger. Maybe you feel bitter toward your ex about the way your marriage came to an end. In turn, not being happy with the situation might cause you or...
Even if divorce is the best solution for the future of all involved parties, there will likely be emotional stress and hurt feelings. When children are involved, all possible steps should be taken to remain civil, avoid public disputes and shield the child from any...
