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Estate Planning and Succession Planning for North Carolina Business Owners.

Estate Planning and Succession Planning for North Carolina Business Owners

Estate planning is important for everyone, but it is especially important for small business owners. A comprehensive and thoughtfully prepared estate plan must go beyond managing personal assets. It should ensure the long-term success of your busines… Read More
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Estate Planning for Blended Families.

Estate Planning for Blended Families

Blended families are increasingly common in North Carolina and throughout the United States. These changing family dynamics form new partnerships and bring together children from previous relationships. While blended families offer joy and fulfillmen… Read More
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What Assets Are Subject to Probate in North Carolina.

What Assets Are Subject to Probate in North Carolina

Probate is the legal process of administering a deceased person’s estate. It is overseen by the probate court and generally involves appointing an estate executor or personal representative who identifies and inventories the deceased person’s ass… Read More
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Is a Handwritten Will Valid in North Carolina.

Is a Handwritten Will Valid in North Carolina

When people think about estate planning, most are familiar with the traditional, typed Will that is prepared and executed with assistance from an attorney. To be valid in North Carolina, the Will must be signed by the person making it, witnessed by t… Read More
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How Guardianships of the Elderly Work in North Carolina.

How Guardianships of the Elderly Work in North Carolina

When an elderly loved one begins to experience difficulty caring for themselves, making legal and financial decisions independently, or performing daily life tasks, you may find yourself asking difficult questions about how to best protect your loved… Read More
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What’s the Difference Between Trust Administration and Probate.

What’s the Difference Between Trust Administration and Probate

Your estate planning choices today–including making no plan at all–determine how your assets are passed on at your death. If you have a trust (usually a revocable living trust or RLT), the process of passing on your assets is known as trust admin… Read More
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double exposure image of coin stacks on technology financial graph background concept.

Estate Planning for Digital Assets

Until recent years, those planning their estates did not have to be concerned with anything other than their physical property and liquid assets. Now, technology and digital assets have become part of everyday life and must be thought about when plan… Read More
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Paper with LLC on chart with calculator,pen and magnifier concept

Formation of an LLC in North Carolina

One of the most critical decisions you will make as a business owner is how to structure your company. The entity you choose can have long term legal and financial ramifications. It can also affect your liability and determine how your taxes will be… Read More
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The Times They Are A-Changin': Digital Assets and Your Estate Plan

For time immemorial, estate planners never had to worry about digital assets. But with the ever increasing reliance on and use of technology in the daily lives of the average American, estate planners must now consider the importance of digital asset… Read More
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Say bye-bye to passive activity losses: A possible past-time for LLCs and LLPs

Limited liability companies (LLCs) and limited liability partnerships (LLPs) are well ingrained as two of the preferred techniques used by estate planning professionals. Both LLCs and LLPs offer significant advantages that many other techniques do no… Read More
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Categories: Articles, Income Tax