North Carolina Wills & Trusts

Family Financial Freedom Notebook

Lots of people are wondering, what do I do know that the economy appears to be melting down?
First and foremost, don’t panic. You are not going to end up standing in line for the soup kitchen. Not if you’re reading this right now.
What you are going to do is get more aware of your family [...]

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The Importance of Updating Beneficiary Designations After A Divorce

I recently posted about the importance of regularly reviewing and updating beneficiary designations for all of your financial accounts, retirement accounts, pensions and life insurance policies. The recent United States Supreme Court case, Kennedy v. Plan Administrator for DuPont Savings and Investment Plan, 497 F.3d 426 (2009), highlights how critical it is to keep your [...]

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Keep Your Beneficiary Designations Updated

The following story comes from one of my colleagues:
After weathering a difficult divorce, Bob met Mary, the love of his life. After a year of courtship, Bob and Mary were married. The couple built a great life together. Bob was in upper management at a major local company, and Mary was a homemaker who relied [...]

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Securing Your Dream: Estate Planning

A great video clip from CNBC featuring estate planning attorney, Alexis Martin Neely. Alexis discusses the importance of estate planning and leaving a legacy to future generations.

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Parents: 13 Reasons Why Trusts Aren't Just For The Wealthy

Many people believe trusts are only for the wealthy, but trusts are about more than just the size of your estate. Trusts are an effective tool to protect your children and know they will be taken care of when you are no longer able to be there for them. Here are some of the reasons [...]

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What Is A Trust?

Trusts are a common tool used in estate planning. I’m currently working on a series of posts relating to the various uses of trusts in estate planning. Before jumping in though, I thought it best to start at the beginning.
So What Is A Trust?
A trust is a legal arrangement under which a person or company [...]

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What Not To Do When Trimming Your Budget

Last night I had the pleasure of attending the annual Triangle Women of Distinction Celebration organized by the Raleigh Chapter of Soroptimist International. Soroptimist is a wonderful philanthropic group aimed at improving the lives of women and girls. From running local projects such as a professional clothing programs similar to “Dress for Success” and public [...]

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Senior Citizens Handbook

The North Carolina Bar Association’s Young Lawyer Division has a terrific Senior Citizens Handbook that serves as a resource for senior citizens and their families. While the handbook emphasizes North Carolina law and programs and is written for senior citizens, it also contains general information that would be helpful to caregivers, younger persons or persons [...]

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14 Websites For Retirement Planning

This week the Consumer Reports Money & Shopping Blog ran a great two-part series on useful retirement planning websites. If you are looking for advice and information regarding retirement planning, here are some great sources:

Social Security Administration

Internal Revenue Service
Pension Benefit Guaranty Corporation
Medicare Rights Center
Elderhostel
TreasuryDirect
National Association of Personal Finance Advisors
Retirement Living Information Center
International Living

In addition to [...]

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Why You Should Avoid Joint Ownership

Many people believe that they can avoid the need for a will or probate by designating a joint owner on their property, such as a bank account or the deed to real estate. Naming a joint owner may not avoid probate, in fact, in some cases it may end up delaying the probate process.
Problems With [...]

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Next Entries →

North Carolina Wills and Trusts

Family Financial Freedom Notebook

The Importance of Updating Beneficiary Designations After A Divorce

Keep Your Beneficiary Designations Updated

Securing Your Dream: Estate Planning

Parents: 13 Reasons Why Trusts Aren't Just For The Wealthy

What Is A Trust?

What Not To Do When Trimming Your Budget

Why You Should Avoid Joint Ownership

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