Vacation Homes Need Careful Planning
Here in the mountains of North Carolina and Georgia, we have watched many new families enjoying their newly purchased vacation homes. Thankfully, they have enjoyed a relatively peaceful season. However, as the summer winds down, the reality of second home ownership...
Naming Minors as Beneficiaries
Most people want to pass their assets to their children or grandchildren but naming a minor as a beneficiary can have unintended consequences. It is important to make a plan that doesn’t involve leaving assets directly to a minor. There are two main problems with...
For Women and Those Who Love Them
All women, married, widowed, divorced, or single; homemakers, caregivers, professionals, or business owners need to understand estate planning and have a plan of their own in place. As a result, there is an increased need to plan for physical and/or mental incapacity...
Say NO to Joint Ownership, Especially Now
Many people believe an ‘easy’ way to avoid probate or to enable their children to assist them as they get older is to add their child’s name to their bank accounts or to the deed to their home. While this strategy may work in certain situations, there are many reasons why this approach is not recommended.
Sentimental Possessions May Create Conflict
Unlike financial assets, which can generally be divided easily amongst heirs, tangible personal property is unique. The complexity of distributing a lifetime’s worth of possessions is something many people overlook. Families have been torn apart over everything from...
Making Changes In Challenging Times
In these challenging times of the COVID-19 pandemic, estate planning can be at the forefront of ensuring that clients and their loved ones are protected
Role Reversal During Pandemic
The role reversal between parent and child isn’t easy. Many children, during the Covid pandemic assumed the role of caregivers, to protect their parents from financial predators and assisting in the management of their finances, and daily chores. Additionally, some...
Covid 19 Demands Our Attention
The reality of COVID-19 has forced many individuals to address the “what if” scenarios, previously unthinkable. No one ever wants to talk about, death, but with the current world wide health situation, we must. Many people are now trying to put together estate plans...
Power over Debt Harassment
The Covid-19 pandemic has caused millions of people across the United States to lose their jobs, savings and the ability to pay their debts and obligations. As the economy is beginning to open up, creditors are again, becoming more aggressive in their tactics to get...