People in Guilford County, North Carolina who make a will often create a living trust as part of a more comprehensive estate plan. If you have questions about the living trust, you are not alone. If you would like to learn the answers to some of the most basic questions about living trusts, then keep on reading. Why is it called a living trust? The living trust is so named because it … read more
The New Century of Estate Planning
For the most part, the law is very slow to change. The reason for this is that it provides stability and certainty to our world. After all, if every judge could do whatever he or she wants, without regard to the cases that have come before, the legal system would collapse; there would be no system. But with the advent of the 21st century, the law has done quite a bit of changing, well, … read more
Think Twice Before Getting a DNR Tattoo
A little over a year ago an 80-year-old woman in England had the phrase “Do Not Resuscitate” tattooed on her chest. For those of you who do not know, a DNR order, or do not resuscitate order, is a medical directive that states your desire for not receiving CPR should your heart stop. While having your medical wishes tattooed on your body may seem like an appealing idea to you, there … read more
Some Estate Planning Issues Are Easy to Overlook
Creating a will in Greensboro, North Carolina, is not typically very difficult. As long as you are honest with your estate planning attorney and know what you want to accomplish, a will is a relatively easy legal document to create. However, there are some issues that many people creating a will sometimes overlook. This is especially true if you use do-it-yourself estate planning and … read more
Woman Pleads Guilty in Medicaid Fraud Case
In early January a Shelby, North Carolina woman pled guilty to taking part in an $8 million Medicaid fraud scheme. Victoria Finlay Brewton, age 37, pled guilty to seven counts of healthcare fraud and conspiracy to commit health care fraud, as well as one count of aggravated identity theft and one count of filing a false tax return. She faces a minimum of two years in prison and a … read more
Do You Need Asset Protection?
Some people creating an estate plan in North Carolina will need to include an asset protection plan as well. With asset protection, you create various tools that ensure that you keep as much of your money as possible when faced with, for example, a lawsuit or creditors. Though your attorney will have to evaluate your situation in order to tell you what type of asset protection tools will … read more
3 Common Questions About Long Term Care Insurance
If you are worried about the ever-rising costs of nursing homes or extended care facilities, long-term care insurance is one possibility you may want to consider. While most people will never have to go into a nursing home, the costs associated with even temporary stays can be significant. Here are three common questions many people have about long-term care insurance and how it … read more
Estate Planning: How to “Fix” Your Estate Plan
Anyone creating a will in Greensboro, North Carolina, may wonder what will happen to your estate plan if you make a mistake. Many changes can occur that require reevaluation of your estate plan. Some of these changes pertain to the law, such as complex tax laws or varying uses of trusts. Some changes are more personal, such as your marital status, acquisition of wealth, or a new ideal … read more
Election Means Healthcare Law Likely Permanent
Passed in 2010 and largely upheld by the Supreme Court earlier this year, the Patient Protection and Affordable Care Act, often referred to as Obamacare, now seems, in the wake of the presidential election, to be a permanent fixture in the laws of the country. There are several practical effects that this has on the nation. First, states will have to decide if they are going to … read more
Two Things You Need to Know about Debts and Death
If a friend or family member has recently died, you may be dealing with outstanding debts owed by that person. You may be wondering who will have to pay these debts, or where the money will come from. The fact of the matter is this: there are two things you should know about when it comes to outstanding debts owed by someone who has died. The first thing you’ll need to know is whether … read more
