It is a curious dichotomy that most North Carolina residents probably know how important estate planning is, yet many people don't actually have estate planning documents in place. But, it is also somewhat understandable because, for some people, the estate planning...
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Estate Planning
Overview of the Medicaid look-back period
Previous posts on this blog have touched on the fact that couples in North Carolina who are advancing in years may need to think about how to plan for a long-term stay in a nursing home or other facility.Because private insurance is expensive and many people just do...
Some North Carolina residents have complex estate planning needs
It often pays off for people to have some sort of estate plan in place. Even if they are of modest wealth, there are still some concrete steps they can take to make sure their assets are passed on to their loved ones. Moreover, younger parents who have children at...
What is a power of attorney?
As previous posts have discussed, a Rocky Mount, North Carolina resident's estate planning should cover two questions.The first question is what will happen to his or her property after the person dies, and the second question, just as important, is how he or she, as...
Creating an estate plan for one’s health care needs
Rocky Mount, North Carolina, residents may think of estate planning as something that pertains to what happens to a person's property after he or she dies. While this is true, another important aspect to estate planning involves planning for a time in which a person...
Estate planning and naming beneficiaries for a 401(k) plan
For North Carolina residents, estate planning is a vital part of being prepared and organized for the future. This is true whether it is a person who has significant assets or someone of more modest means. The goal of an estate plan is to ensure that the loved ones...
Know the requirements of a valid North Carolina will
Creating and executing a valid will is an important legal step for every Rocky Mount resident. This is because through a will a person may set out their intentions for the disposition of their wealth and property in the event of their death. While state intestacy laws...
3 reasons to set up an estate plan, no matter the size
Estate plans are not just for the wealthy – individuals with estates of any size can benefit from creating a plan for what should happen upon their death or incapacitation. It can provide a piece of mind regardless of how much you have in assets.An estate plan...