In our third blog posts on basic estate planning ideas, we are going to take a step back and look at what happens to you and your estate if you don't create a plan. If you are an adult living in the Greensboro, North Carolina area, you are never under any legal obligation to create an estate plan, or any estate planning tools of any kind. In fact, if you never get around to creating an … read more
incapacity
Living Trust Tip Sheet
A revocable living trust is often a centerpiece of estate plans created by people in the Greensboro, North Carolina area. The idea of a revocable living trust is relatively simple. It's essentially a separate legal entity you can create that has the ability to own property. When you use the trust to transfer inheritances after you die, you allow your trust to avoid, or at the very least … read more
Practical Incapacity Planning Issues You Need to Understand
All of us lose abilities as we age, but not all of us will experience incapacity. When you are incapacitated you can no longer make the choices you have made your entire life. Whether you become incapacitated because you have suffered a serious injury, have a mind-altering illness, or because of any other reason, you need to be prepared for the possibility by creating an incapacity plan … read more
What is Incapacity?
Many pieces of an estate plan, including your powers of attorney, medical directives, as well as your revocable living trust, will address the question of what will happen should you become incapacitated. But what is incapacity? As someone who creates an estate plan you need to know what incapacity is. Though the definition differs between states, here are the broad strokes. What is … read more
