Cheryl David

Estate Planning: Essential for the Under-40’s

The sooner you plan, the more prepared you'll be for life's unexpected twists and turns. You can start now, regardless of your net worth. You might say: “but I’m still paying off student and credit card loans!” Have no fear, your net worth is not the deciding factor in getting your estate organized. One thing to ask yourself is how prepared would your loved ones and family be if …  read more

Trusts for Minors: Taking Care of Your Family

Trusts for minors are usually set up by parents or relatives who want to leave property to a young person. Thus, naming a trusted adult to care for the property until the child is old enough to be financially responsible. You can specify any age for your child to receive the proceeds, but generally the designated ages are 18, 21, or 25. A minor's trust is often created through a …  read more

How to Avoid the Big Estate Planning Errors

Here are big mistakes you want to avoid when you set aside wealth for future heirs: Procrastinating —Always arrange your estate plan as early as possible, and keep it updated. State law may intervene and create a plan of its own if you don’t complete yours in time. Having a do-it-yourself mentality — Although taking charge of your own plan can seem like a good idea — after all, …  read more

Challenging a Will – Is it possible?

Yes, it does happen that someone challenges a will in probate court, testing the will's validity. The usual grounds? That the deceased didn't have the capacity to make the will or was unduly influenced — mystery writers love to leverage this plot point. However, probate courts assume that a signed and witnessed will is valid, so it's going to be an uphill battle.   If you …  read more

Building Your Estate Plan

Building an estate plan is an important step to prepare for the future. It's a good idea to understand the different parts of estate planning, take a look at our infographic to learn more. Click on the image below to view the full infographic …  read more

Nursing Homes: Not the Only Option

There was a time when nursing homes were the automatic conclusion for many elder family members; but as baby boomers are aging, they are remembering seeing their own parents in those facilities, and are making new choices to age with dignity. These are some of the alternatives boomers are considering for their futures. Community living. There is a new trend taking hold across the …  read more

What to Know About ‘Power of Attorney’

Power of attorney: what does that mean? Generally, this gives broad powers to a person or organization, (an agent or attorney), to act on your behalf. What powers are they? Handling financial and business transactions. Buying life insurance. Settling claims. Operating business interests. Making gifts. Employing professional help. These different factors make a …  read more

Learning Your Way Around Trusts – Revocable Living Trusts and Medicaid Trusts

Medicaid Trusts are typically Irrevocable Trusts. Irrevocable Trusts can’t be changed after they’re created and they’re drafted to only pay out income, not principal. People opt for a Medicaid Trust and limited access when they want to protect assets from being decimated by long-term care expenses. In contrast, the most well-known trust is a Revocable Trust. Revocable Trusts can be …  read more

What Dead Celebrities Can Teach Us About Estate Planning

Having the life of a celebrity would be great, right? If you do- learn from their mistakes and don’t leave a mess for your loved ones like they have. Dying Intestate You'd think that the rich and famous would care about who inherits their riches when they're dead and gone. But oddly, many celebrities have died intestate, which means they never made out a will. Howard Hughes' …  read more

Will You Help Us?

Did you know that nearly 1.8 million people in North Carolina are food insecure? Our state ranks 5th worst in America for food insecurity. Closer to home in the Piedmont, approximately 351,000 people go hungry every day. More importantly, more than 1 in 4 children go hungry in our area. In comparison, nationwide 1 in 5 children go hungry. You may ask, what I can do about the …  read more

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There's a lot that goes into setting up a comprehensive estate plan, but with our FREE worksheet, you'll be one step closer to getting yourself and your family on the path to a secure and happy future.

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