Guardianship Basics: When and How to Protect a Loved One's Interests
Aug. 4, 2025
Making decisions about guardianship is never easy, but it can be an important step in protecting the well-being and financial interests of your loved ones. Guardianship is a critical decision that requires careful consideration and adherence to state laws.
Continue ReadingHow to Create a Comprehensive Plan for Disabled Beneficiaries
June 30, 2025
Planning for the financial and personal care of a loved one with a disability requires care, foresight, and a deep understanding of their current and future needs. At North Carolina Estate Planning & Fiduciary Law, we can create a comprehensive estate plan that provides stability for your disabled beneficiary while addressing legal and financial complexities. Based in Charlotte, North Carolina, our attorneys have extensive experience in estate planning, with a special focus on trust and estate administration. Our approach is centered on understanding your goals and providing options that strike a balance between security, flexibility, and affordability for your loved ones.
Continue ReadingHow to Handle Conflicts Over Trust or Estate Management
May 23, 2025
Administering trusts and estates is rarely a simple process. Disputes can quickly escalate, fueled by heightened emotions. Issues such as mismanagement, alleged breaches of duty, or conflicts between beneficiaries and fiduciaries often complicate an already sensitive situation.
Continue ReadingUsing Qualified Personal Residence Trusts (QPRTs) in Estate Planning: Benefits, Risks, and Tax Implications
April 30, 2025
A Qualified Personal Residence Trust (“QPRT”) is a powerful estate planning tool that allows individuals to transfer a personal residence or vacation home to beneficiaries at a reduced gift tax cost while retaining the right to live in the residence for a specified term.
Continue ReadingWhat Is Post-Mortem Planning, and How Can It Save Your Heirs Time and Money?
April 28, 2025
Estate planning isn’t just about managing your affairs during your lifetime - it’s also about creating a smooth transition for what comes next. Post-mortem planning addresses key financial and legal decisions that need to be made after death.
Continue ReadingTHE USE OF TESTAMENTARY CHARITABLE LEAD ANNUITY TRUSTS (TCLATS) IN ESTATE PLANNING
April 16, 2025
With the Trump tax cuts set to expire on December 31, 2025, many wealthy individuals and families are searching for additional tools to help them pass large amounts of wealth to lower generations to avoid the imposition of the federal estate tax.
Continue ReadingPre-Death Planning: How to Prepare Your Estate to Minimize Future Conflicts
April 8, 2025
Preparing for life after you're gone may not be a task many look forward to, but it’s one of the most impactful ways to safeguard the future of your loved ones. Without a clear plan in place, unresolved questions about your assets can create stress, potential legal issues, and financial strain for your family.
Continue ReadingAdjusting Inside Basis on the Death of a Limited Partner
April 7, 2025
When a limited partner in a partnership dies, tax and estate planning considerations become crucial for both the deceased partner’s estate and the remaining partners. One of the key tax implications is the adjustment of the inside basis—the partnership’s basis in its assets. This article explores how the inside basis may be adjusted upon the death of a limited partner, the implications for the deceased partner’s estate and the partnership, and planning strategies to optimize tax outcomes.
Continue ReadingHow to Incorporate Digital Assets into Your Estate Plan
Feb. 20, 2025
Digital assets are an integral part of modern life. From cryptocurrency and online banking accounts to email accounts, social media profiles, and even cloud storage, digital assets have value—whether financial, sentimental, or both.
Continue ReadingHow to Create a Comprehensive Incapacity Plan
Feb. 3, 2025
Planning for the unexpected is never easy. However, establishing a comprehensive incapacity plan is one of the most important things you can do to protect your family and assets and ensure your wishes are fulfilled.
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