Funding Your Living Trust
A living trust as a legal construct in which assets can be stored for distribution at some point and under certain specified conditions to the trust beneficiaries. The trust is managed by the trustee according to the terms set forth in the trust document and for the benefit of the beneficiaries.
Many people establish a...
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Who to Choose as Trustee
To establish a trust, the trustor, the creator of the trust, transfers assets into the trust and appoints a trustee to manage the trust for the benefit of the beneficiaries. Trusts can be established for a number of reasons, including probate avoidance, and have many benefits. If you are looking to include a trust...
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Taxes Relevant to Estate Planning
Taxes are rarely anyone’s favorite subject. With tax season just wrapping up, you may have had your fill of the topic for a while. Regardless, however, taxes remain an important thing to confront. This may be especially true in the estate planning context. After all, estate planning is about a lot of...
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Monk Law Firm, PLLC is excited to announce that Simon J. O’Brien has joined our team!
Licensed in NC
Simon immigrated from Ireland to the United States with his family when he was 7 years old and then spent his formative years living in New York. He moved to Charlotte in 2004 and acquired his Bachelor of Arts in history and political science from the University of North Carolina...
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Charitable Lead Trusts
Do you have a charitable cause you hold close to your heart? Are you looking for ways to make a charitable impact most effectively in your estate plan? If so, you may want to learn more about a charitable lead trust, what it can do, and the benefits it can bring to you, your...
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Differences Between a Conservatorship and a Power of Attorney
Have you ever heard of a living trust? Have you ever considered using a living trust in your estate plan? While an extremely useful estate planning tool, many have not heard of a living trust or, may have heard of it, but have never considered adding to their estate plan. That is mainly because...
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What Makes Up My Estate?
When you think about estate planning, you may start to wonder about what an estate really is. What is included in this estate you are planning for? It is a good question and a great way to begin reflecting on your estate and how you want it to be handled after you pass...
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Estate Planning Considerations for Single Parents
Many single parents are the sole providers and caregivers to their children. It is important to approach estate planning for single parents with this in mind. In a strong estate plan, the tools used will reflect the unique circumstances of the individual. Single parents, here are some things to consider when engaging in
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Make Important Health Care Decisions While You are Healthy
We are all guilty of it. We take for granted our health. When we are feeling good, it can be difficult to imagine feeling otherwise. Health is, of course, a gift to be enjoyed, but it is not something to be complacent about. Even those of us who do all we can to maintain...
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Should You Sell Your House If You Are Moving to a Nursing Home?
One of the biggest transitions a person may make in their lifetime is moving from their house into a nursing home. Of course, a nursing home can be a great new residence, especially for someone with advancing needs as they age, but it can be a difficult transition, nonetheless. There is a great deal...
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