There are so many considerations to understand when planning beneficiaries for a loved one with special needs in Winston-Salem, North Carolina. The same estate planning and trust planning needs to occur to ensure that this individual receives the most appropriate...
High net worth individuals in North Carolina are likely aware of the changes that came about with the Tax Cuts and Jobs Act. For one thing, it increased the federal estate tax basic exclusion from $5 million to $10 million. What people may not know is that many of the...
When private companies in North Carolina and around the country want to go public, they can either make an initial public offering or enter into a reverse merger. IPOs are the preferred way to go public because they raise capital that can then be used to invest in and...
North Carolina law generally permits you to structure your business as a limited liability company (LLC). There are many benefits to creating an LLC, such as shielding some or all of your assets from being seized if a customer or employee files a lawsuit. The process...
Most mergers in North Carolina involve a public company taking over a small private company. However, in some cases, a small private company can overtake a public company in a "reverse merger." A reverse merger can make it easier for a private company to go public,...
When people in North Carolina think about planning for the future, they may be worried about what probate would mean for their estate. There are a number of estate planning techniques that can enable assets to pass outside of probate, which is often considered...
In most cases, the person who has been chosen or appointed to oversee a North Carolina estate will have the estate’s best interests in mind. However, this is not always the case. If an executor fails to live up to his or her fiduciary duties, it may be possible to...
Certain events in life, such as an illness or a car crash, can dramatically alter a person's life forever, possibly one where they are simply not capable of taking care of themselves. In this case, you, as the spouse or child of that person, would want to ensure that...
A desire to retire, boredom or disputes with business partners may motivate you to put your North Carolina company on the market. Ideally, you will start preparing to sell your business a year or two before you actually begin taking offers from interested buyers. This...
Many North Carolina residents do not understand the difference between civil cases and criminal cases, especially with respect to the burden of proof required to successfully process either case. One essential difference is the reasonable doubt standard versus the...