Many people have heard that there may be significant financial, tax-related, legal and estate-related advantages to creating a trust. Yet, not everyone has taken the step Before you start working with a legal professional to create a trust, you’ll want to communicate...
Those serving as estate executors cannot sell the decedent's real estate without taking a few steps. Since the real property is part of the estate, you must comply with North Carolina laws to sell the land or home. In many situations, an executor must obtain...
There are many different ways of forming a business, and some of them are more complicated than others. A sole proprietorship is the simplest business structure for someone starting a new company, but there are trade-offs to the simplicity of this structure....
It is a smart step if you are considering creating an estate plan while you are younger. Creating an estate plan requires your time, effort and attention. The sooner in your life you start your estate plan, the more likely you will have all the necessary documents in...
A payable-on-death (POD) account is a type of account designed to transfer money to a beneficiary. You can create this account initially, or you may be able to change accounts that you already hold into this format. Either way, you will be asked to choose a...
During estate planning, people tend to focus on big-ticket items, such as real estate, vehicles, business, retirement plans and personal investments. While these assets have a high monetary value, they’re usually more straightforward and less contentious than other...
It will come as no surprise to you that starting any new business requires money. Sometimes, it takes a lot of money. While some people may be able to acquire the capital they need through savings or loans, others will need to turn to more unique and alternative ways...
When you start a business with someone else, one of the most important things that you can do is to sit down and draft a partnership agreement at the beginning. This binding agreement will define what the company is going to look like and the roles that the two of you...
In some cases, a person may write their will and estate plan so that it leaves all of their assets directly to their spouse. Since the assets do not go to anyone else, this is often called an “I love you” will. It is designed just to demonstrate affection and show the...
Marriage and divorce are among the leading reasons why people change their names. However, in North Carolina, any adult, anyone above 18 years old, can file the appropriate forms to change their name or that of a minor if you are a parent. Different factors can...
