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Monday, March 23, 2020

Why You Are Never Too Young to Estate Plan


Estate planning involves putting important tools and legal protections in place related to your end of life wishes as well as others associated with ensuring your healthcare decisions are respected and your financial well being is protected. This does not mean that estate planning is only for those individuals who are older or who may be in poor health. Estate planning is important for everyone regardless of age or health status.
Read more . . .


Friday, March 20, 2020

How to Keep Your Family Business in the Family


A family business has unique considerations that do not exist with other businesses. They are special and require special attention at times. For instance, times of succession with a family business are not only critical, but are difficult to do dynamics that are not at play in other kinds of businesses.
Read more . . .


Tuesday, March 17, 2020

Appealing a Denial of Veteran Benefits


Veterans often wait for months to find out the status of their veteran’s benefits claim. After the wait for information related to critical benefits, it can be extremely upsetting to find out your claim has been denied. After finding out about your denial, you have the option to appeal.


Read more . . .


Thursday, February 20, 2020

What Should Be Included in Your Partnership Agreement?


When starting any business venture, it can be tempting to rush through the beginning planning phases in the excitement of it all. Don’t let this happen. Take the time upfront to set your business up for success.
Read more . . .


Monday, February 17, 2020

How Do You Form a C Corporation?


One of the central decisions when forming a business is what type of business structure you want to operate under. If you have settled on a corporation, then you have to choose what type of corporation you want. You will also need to decide what type of tax treatment you want for the corporation.


Read more . . .


Thursday, February 13, 2020

What Happens in Probate Court?


While some people may have heard the word “probate,” not many know what it means or what probate involves. Some may simply have been warned to try and avoid probate. It is expensive! It takes too much time! This is what is usually said when probate is mentioned. The majority of estates, however, will go through Read more . . .


Thursday, January 23, 2020

What Are the Fiduciary Duties of a Trustee?


A fiduciary shares a legal relationship with the principal that comes with certain responsibilities, or duties. The Principal is owed the duty and the fiduciary carries the burden of upholding the duty. A prime example of a fiduciary relationship is that which exists between a trustee and trust beneficiaries. Read more . . .


Monday, January 20, 2020

What Is a QTIP Trust?


There are many different trust types available to use when estate planning. Each different type of trust serves a different purpose and has its own benefits. The value that you may find in the proper implementation of the right kind of trust to serve your own purposes can be substantial. This is part of the reason why it is so important to begin Read more . . .


Thursday, January 16, 2020

Are Long Term Care Benefits Available to Veterans?


The benefits available to veterans can be complicated to understand, but often provide critical services to veterans in need. Many veterans find themselves needing help with the cost of long term care. Long-term care can include a variety of things, ranging from managing an illness to assistance with performing everyday tasks.
Read more . . .


Thursday, December 19, 2019

How to Select the Right Nursing Home Facility


Whether you are trying to make a decision for yourself or a loved one, selecting the right nursing home facility is a big decision. There is a wide range of options to consider. A facility will not be right for everyone. Take the time to research.

 

 


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Monday, December 16, 2019

What Happens When an Estate Is Closed?


The administration of an estate can be a lengthy and sometimes frustrating process. The personal representative of the estate is tasked with its administration and the job duties are extensive. To administer the estate, the personal representative must, among other things, gather and protect all assets, take inventory of the assets, notify all creditors, determine which debts are legitimate and must be paid off, and distribute the assets to the beneficiaries as directed by the will or, if there is no will, as directed by state intestacy laws.
Read more . . .


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Monk Law Firm, PLLC assists clients throughout Charlotte, Rock Hill, Fort Mill and the surrounding areas.



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| Phone: 803-594-4453
6000 Fairview Road, Suite 1200, Charlotte, NC 28210
| Phone: 704-369-9977

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