In the ongoing battle states wage to keep Medicaid costs in check, several states are considering new legislation designed to help relieve the budgetary burdens imposed by the program. Medicaid, a program primarily paid for by individual states, provides healthcare coverage to the young, infirm, and indigent people. Much of the expenses associated with Medicaid come from seniors who … read more
Estate Planning
You Should Avoid Appointing Co-Executors
People in Greensboro, North Carolina who make a last will and testament have to appoint an executor who will be responsible for managing their probate estate. An executor has numerous different responsibilities that he or she must meet during the probate process. In some situations, people appoint co-executors to manage their estates. These executors both have the authority, and the … read more
3 Estate Plan Questions to Think About Before Your Next Vacation
Question 1. Do I need someone to manage my affairs at home while I am gone? Many people taking a vacation in Greensboro, North Carolina know that they will have to find someone to take care of the house, pets, or other important issues while they are gone. Yet most of these people don’t do anything more than ask a family member or neighbor to look after things. While this is normally … read more
Estate Planning Errors Plague Even Celebrities
When people in Greensboro, North Carolina make a last will and testament as part of an estate plan, they typically do so after seeking the advice of an experienced estate planning attorney. It seems natural to consult a lawyer when you have questions about inheritances, but not everybody does this. In fact, even some of the most well-known celebrities can fail to find, or heed, qualified … read more
Alternate Reproductive Therapies and Estate Planning
Reproductive therapies continues to advance quickly, and the number of people using them is increasing every year. Reproductive therapies, such as in vitro fertilization and embryo donation, result in about 250,000 births every year. If you plan on using such technology or are considering donating some of your biological material for use with these technologies, there are several estate … read more
3 Traits to Look for in an Estate Executor
If you are writing a will in Greensboro, North Carolina, you’ll have to select someone to serve as your estate executor. Also known as personal representative, the executor is responsible for managing the probate process and ensuring your wishes are followed. Here are three traits that every good executor should have. Discipline The probate process in North Carolina can be lengthy … read more
New York Case Highlights Dangers of Escheat
The dangers of not having a will in Greensboro, North Carolina, or creating an estate plan are well known to attorneys, though not so well known to the average person. Even though it’s rare, escheat is one of the dangers that estate planning attorneys often warn against. Escheat is the process through which a state inherits someone’s entire estate because that person failed to leave … read more
A Good Active Gift Strategy Takes a Little Planning
If you are making a will in Greensboro, North Carolina and are using it to pass inheritances, you may want to think about developing an active gift strategy as well. While you can easily develop an estate plan that focuses on giving gifts through inheritances, developing a living gift giving strategy can provide you with some significant tax benefits. You’ll need to speak to your lawyer … read more
April is for Autism Awareness
April is autism awareness month, something that’s important not only for people affected by this disease, but also for those who have little or no experience with it. It’s estimated that autism affects one out of every 88 children in the United States. While parents with autistic children should develop a special needs plan as soon as possible, everyone can benefit by taking some time to … read more
Powers of Attorney Come in Many Shapes and Sizes
As part of any good estate plan you’ll likely create one or more powers of attorney. It’s important to familiarize yourself with these powerful legal documents before you create them so that you have a better understanding of what they do and why they are so useful. Authority Anytime you create a power of attorney you give your ability to make choices to someone else. This allows … read more
