A number of common estate planning errors are related to documents that are out of date. You might have made plans for minor children who are now adults, or the executor or trustees you appointed may have died or no longer be suitable for other reasons. It is...
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Managing the emotional side of a gray divorce
While divorce is usually a difficult process, it can bring some unique challenges for older adults. What is sometimes referred to as "gray divorce" can happen for many reasons. Some causes, such as infidelity, are similar to the reasons that people in any age group...
What are the hidden fees associated with real estate?
When you buy a home in North Carolina, you might assume that you'll just be paying the down payment and a few closing costs. However, there are several hidden costs associated with buying a home that you should prepare yourself for. Otherwise, you might end up...
Should you consider selling your home as-is?
Many homeowners in North Carolina feel intimidated when it comes to placing their homes on the market when they need repairs. When it's time to sell quickly for any reason, not everyone will have the time or money required to make hefty upgrades before selling their...
What estate planners need to know about their homes
For most North Carolina families, deciding what happens to a home after the original owner dies becomes the most complicated part of the estate planning process. The amount of money a home is worth, along with the attachment family members will develop to a family...
Estate planning myths that could derail asset distribution
People in North Carolina might assume that they are pretty much set when it comes to the distribution of their assets when they're gone. The problem with this thinking is that some of the beliefs that people have about estate planning may not be true. There are...
Divorce can be especially difficult on business owners
When people in North Carolina get divorced, there are many different issues that they need to take into consideration. The dissolution of a marriage means that several issues need to be agreed upon, including child custody, the division of financial assets and the...
What you should know before investing in commercial real estate
Commercial real estate is an exciting investment class since it often comes with passive income, high growth potential and consistent returns. It is a sector that is gaining popularity as an alternative investment option in North Carolina. Although commercial real...
What to know about contesting a will
A will contest seeks to invalidate some or all of a deceased individual's will. North Carolina law may limit who has standing to contest a will or how long you have to do so. Furthermore, you must have a legally valid reason as to why the document should be declared...
How to make amendments to a revocable trust
Individuals in North Carolina can use a living trust to identify a trustee who will become responsible for managing and distributing assets to heirs. A revocable trust allows the estate planner to make changes or amendments to the document as they see fit. Estate...