Understanding the Role of a Living Will in End-of-Life Decisions
End-of-life decisions – such as whether you want a feeding tube if you’re in a vegetative state or whether you wish to be resuscitated – involve intense emotions and deeply personal beliefs and preferences. The only people who should be involved in these decisions are you, your doctor, and (in some cases) close family...
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No Valid Will? What Happens Next?
If you die without a valid will in place in North Carolina, your assets will not pass according to your wishes but instead will pass according to the terms of the State’s laws of intestate succession. When a person dies without a will, it is said that they died “intestate.” Every state has...
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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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Funding Your Trust With Out of State Property
Did you know that you are able to fund a trust with a variety of different asset types? It’s true! You can use cash to fund a trust. You can use securities to fund a trust. Life insurance proceeds can also be held in trust as can real property. In fact, pretty much any...
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What Is a Revocable Living Trust?
The idea of establishing a trust may be intimidating for some people. Trusts have developed a reputation as only being for the wealthy. The truth is, however, that many people could benefit from establishing a trust as part of their estate plans. There is a wide range of trust types, each of...
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The Benefits of a Spendthrift Trust
In a family and among loved ones, there can be a range of concerns and issues. Perhaps you have a grandchild who is not good with money. Maybe you have a sibling struggling with an addiction. While we all have our concerns and struggles, you may still want to provide your loved one with...
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What Is a Spendthrift Trust?
There are so many different kinds of people in our lives that we care about and want to provide for. Do you have a loved one with whom you want to provide financial support, but worry about where this support will end up? From creditor issues to poor money management skills, it can be...
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What Are the Different Types of Trusts?
Trusts are often the less recognized and discussed aspect of estate planning. This is unfortunate because trusts can accomplish many things when properly utilized and implemented. A trust can help you avoid the costs and delays of probate. A trust can also have significant tax benefits as well as helping you secure the...
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What Can You Accomplish with a Will?
A Last Will and Testament, simply referred to as a “will,” is probably one of the most notable estate planning tools. Most people know the basics of a will and think of it only in terms as a way to tell everyone else who you want your property to go to after you...
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