As people get older, the asset succession and access becomes an important topic to address. Unfortunately, most people don’t know what they don’t know when it comes to proper estate planning. A common strategy used by elderly individuals is to add their child(ren) to their house deed and their bank/deposit accounts to “make things easier” for them. Unfortunately, this type…

I’ve said it before and I’ll say it once more: trusts are best used for asset protection, not probate avoidance. But what do I mean by asset protection? I mean structuring the succession of your wealth so that when you’re no longer here, your child(ren) will receive your wealth in a way that supports their growth and shields them from…

Your child is 18, “they’re off to great places, they’re off and away!” as Dr. Seuss would say. They may be off to start college as an incoming Freshman, or starting a certificate program or going right into the work force. Maybe they’re taking a “gap year” to travel and see the world before getting serious about their future. But…

Cary, NC Estate Planning Lawyer The most common concern for parents of young children is the question of what will happen to the kids if something happens to the parents – for good reason. The answer to that question is going to depend on whether the parents appointed a guardian in their will or not. With a Will If you…

Special needs planning is important for families with children who have special needs by virtue of a physical or developmental disability. The qualifier is that the child is either currently eligible for, or with some expected progression in their disability, will likely be eligible in the future for, government means-tested benefits – normally Supplemental Security Income (SSI) and Medicaid. Eligibility…