It can be worrisome to have a child who has a serious disability. After all, your son or daughter might not be able to work as an adult. Luckily, there are probably some public benefits available, provided your child has limited assets and income. As you probably...
Whether you are a child of elderly parents or anticipate needing care in the near future, it is important to understand your options. Making a long-term care plan ahead of time, with those options in mind, may help avoid unwanted communication problems with your...
When you start your estate planning, there are probably things on your mind like who inherits your estate or what powers of attorney need establishing. Depending on your situation, there may be pieces of tangible property to identify like your house as well as...
Every adult should have an estate plan. If you worry about your parents' estate plan, it may be time to have a conversation about it. According to Business insider, you need to know how to bring it up gently to have a conversation. Find a reason to bring up the estate...
If you are like many others, you may think that you do not need an estate plan or will until you hit your 50s, 60s or older. However, you have probably realized that every day is a gift, and tomorrow is not guaranteed. You can protect your heirs and mitigate or...
Creating an estate plan is crucial to protecting your assets and family after you are gone. However, you must also update your will and other estate planning documents as your life changes. Numerous situations call for a review of your estate plan to make certain it...
In developing your estate plan, you will determine what will happen to your assets after you are gone. You may want to consider gifting some of your assets to your heirs while you are living. In 2022, an individual can gift up to $16,000 of property to one person...
Proper estate planning protects the assets you worked so hard for during your life. Living wills are a crucial part of estate plans and actually protect you while you are still alive. These legally binding documents specify what kind of medical treatment you prefer...
Some North Carolina residents put off making estate plans because they worry about the cost or time commitment involved. However, doing so may mean more work and less money for your loved ones in the long run, and the decision not to create an estate plan may, too,...
When most people think about estate planning, they focus on will creation. While wills are essential to the estate planning process, they are not the only tool in your arsenal. According to U.S. News & World Report, trusts are equally beneficial to estate...
