Estate planning is an important step that allows you to take control of your future and make sure your loved ones are cared for after you are gone. Many people wonder when they should begin estate planning, and the answer is simple: sooner is better. The earlier you...
Year: 2024
How do courts handle parental alienation in custody disputes?
Parental alienation can make child custody disputes more complicated and emotional. It occurs when one parent manipulates a child to turn them against the other parent. Courts take these allegations seriously, as they can harm the child and disrupt their relationship...
What are the risks of DIY estate planning?
DIY estate planning might seem like an easy and cost-effective solution, but it comes with significant risks. Creating a will or trust on your own can lead to mistakes that could have serious consequences for your loved ones. Understanding these risks can help avoid...
How does North Carolina simplify probate for small estates?
The probate process can be overwhelming, but North Carolina provides an easier option for qualifying small estates. Small estate procedures allow heirs to avoid the complexities of full probate, saving both time and money. Understanding how these procedures work can...
What are the tax implications of divorce for business owners?
Divorce is a complex process, especially for business owners. When assets like a business are part of the equation, there are significant tax considerations that can affect the outcome. Understanding these implications can help business owners make informed decisions...
Estate planning to avoid Medicaid asset recovery
Estate planning is important when it comes to protecting your assets from Medicaid recovery. Being aware of a few strategies to follow can help you safeguard your assets for your heirs. What is Medicaid asset recovery? Medicaid asset recovery is a process by which the...
Resolving education and religion disputes in joint custody cases
Joint custody disputes can get tricky when parents disagree on important issues like their child's education or religion. If parents with joint custody can't agree on these topics, the court may have to step in and make a decision. Best interests of the child Courts...
Navigating creditor claims and the probate process
During probate, creditor claims can slow down the process, reduce the value of the estate, and create complications for beneficiaries. Understanding how these claims affect probate and how to manage them helps make the process smoother for everyone involved. Reviewing...
Impact of retirement account division on post-divorce stability
Dividing retirement accounts during a divorce can significantly impact long-term financial stability. These savings often make up a substantial portion of a couple’s assets. Understanding how their division affects financial futures is important. Factors influencing...
Are trusts beneficial for everyone?
Many people in North Carolina might wonder if setting up a trust is something only wealthy individuals can benefit from. The common misconception is that trusts are complex financial tools used only by the rich to manage their large estates. However, trusts offer...