Special Needs Trusts

Special Needs Trusts FAQs: Answers for Parents of Children with Special Needs

If you are a parent of a child with special needs, a special needs trust (SNT) should be an essential part of your estate planning. Without one, leaving…

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Understanding and Managing Beneficiary Designations: A Critical Component of your Estate Plan

Estate planning isn’t just about having a well-drafted will or trust. One of the most important yet frequently overlooked aspects is the proper management of beneficiary designations. These…

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Choosing the Right Healthcare Agent: Lessons from The Pitt

I recently started watching The Pitt, a new medical drama now streaming on Max. The second episode of the series had a storyline that illustrated the importance…

FAQs About Wills, Probating a Will

Can a Convicted Felon be an Executor in Texas?

Yes, Texas law allows a convicted felon to serve as an executor if certain conditions are met. In the past, Texas law disqualified anyone with a felony conviction…

FAQs About Trusts

How a Spendthrift Trust Safeguards Inheritances

A spendthrift trust is a powerful estate planning tool that can help safeguard inheritances for beneficiaries who may be prone to poor financial decisions. Whether due to immaturity,…

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Corporate Transparency Act Narrowed: What This Means for You

The Corporate Transparency Act (CTA), enacted in 2021, was designed to combat money laundering and other illicit financial activities by requiring increased transparency in business ownership. It obligated…

FAQs About Trusts, Trusts, Uncategorized

Secure Your Legacy: How Proper Estate Planning Protects Your Retirement Accounts

Retirement accounts often make up a substantial portion of an individual’s estate and warrant thoughtful planning. Naming a trust as the beneficiary of these accounts can offer important…

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How to Protect Seniors from Financial Fraud

Financial fraud targeting seniors is a growing crisis, costing older Americans over $3 billion annually. Scammers target older adults because they often have significant savings, retirement funds, or…

FAQs About Probate, Probate

Who Can Serve as Executor in North Carolina?

What is an Executor? An executor, sometimes called a”personal representative,” is a person or entity a testator appoints in a Will…

Intestacy

North Carolina Intestacy FAQs

When a person dies without a valid will, their estate is distributed according to North Carolina intestacy laws. Below are answers to frequently…