Estate Planning

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

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

Spousal Disinheritances and the Elective Share – 3 Questions

Question 1: Can I disinherit my spouse? A spouse who doesn't want to leave any of his or her property to the other spouse is an unfortunately common situation. However, states have laws which prevent surviving spouses from being completely disinherited. These laws are known as spousal share or elective share laws. If a surviving spouse is not satisfied with the inheritance left behind …  read more

Federal Government Warns States That Medicaid Expansion Delay May Cost Them

In the wake of this year's Supreme Court decision that overturned the Medicaid expansion requirements imposed by the Patient Protection and Affordable Care Act and allowed individual states to choose to opt-in or opt-out, Federal health officials have recently warned states that a delay in adopting the expansion could result in lost federal dollars. In letters sent to state officials, …  read more

Some Couples Should Hire Separate Estate Planning Lawyers

While it's common for couples to get separate attorneys when they are entering into a prenuptial agreements or when they divorce, far fewer couples use different attorneys when they develop their estate plans. However, there are some occasions when spouses may want to hire their own lawyers to develop their own estate plans. Here are a couple of situations when it might be a good …  read more

Key Elder Care Documents Your Parents Need Now

For adult children with elderly parents, helping your parents prepare for the future can be as simple as helping them create the right legal documents. Many elderly parents are reluctant to create some these documents because they believe that once they do they will lose certain rights. It's important to always remember that your parents will always be able to choose what they do and do …  read more

Retirement Tips for Same Sex Couples

While America's attitudes towards same-sex couples have changed significantly in recent years, there are still some potential retirement hurdles that many LGBT Americans need think about. On the federal level, the Defense of Marriage Act effectively prevents same-sex couples from benefiting from the same retirement benefits that heterosexual couples share. However, you can take steps now …  read more

Is Beastie Boy Adam Yauch’s Will Invalid?

Check out this week's newsletter - click on our logo below! In this edition, find more about the following topics: Is Beastie Boy Adam Yauch's Will Invalid? Leasing Office Space at 528 College Road Can You Control Your Heirs From the Grave? IRS Gives New Tax Directions for Dual Citizens Medicare B Can Help Defray Medical Costs Give Away Your Potential Tax …  read more

Yes, Singles Need an Estate Plan Too

The majority of any estate planning attorney's clients are older, often retired people who want to make sure their families can receive an inheritance. For younger, single people, however, the idea of creating an estate plan occurs about as often as the idea of joining the AARP. While it's true that many people aren't likely to need their estate plans any time soon, they still need to …  read more

Helping Your Executor Get Started

Let's say you've gone through the trouble of creating an estate plan, made the hard choices about inheritances, and have chosen the right people to serve in important positions. First, congratulations on all your hard work. Second, you've got a little more work ahead of you. When it comes to administering an estate, executors can often spend a lot of wasted time in the early stages if …  read more

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