by Durham Law Firm | Jul 30, 2021 | Estate Planning
We understand that it feels hard to get around to estate planning; it sounds about as fun as getting a root canal. However, a root canal gets rid of pain and estate planning prevents future pain for you and your family. We all want to ensure that our loved ones are...
by Durham Law Firm | Jul 27, 2021 | Estate Planning
Even though 70% of individuals older than 65 now will need long-term care in the future, health insurance and Medicare do not cover long-term care costs. Medicaid may cover all of your long-term care costs if your income and assets are below the set levels in North...
by Durham Law Firm | Jul 23, 2021 | Business
You may wonder whether to form an LLC taxed as a partnership or a corporation taxed as an S corporation. When starting a new business, this one decision can cost or save your new business thousands. However, with a bit of thought, you can make the best tax structure...
by Durham Law Firm | Jul 20, 2021 | Estate Planning
It’s challenging to think about a world where we no longer exist, but planning for that day makes life better for those we leave behind. With bank accounts, the inheritance rules are relatively simple in North Carolina. Let’s look at how your money is distributed...
by Durham Law Firm | Jul 15, 2021 | Guardianship
If you are getting older and wondering how you will care for yourself in the future should you need help, now is the time to learn about your options. A guardianship is not always necessary when someone can’t care for themselves. The state of North Carolina recognizes...
by Durham Law Firm | Jul 9, 2021 | Estate Planning
If you are planning a wedding, the excitement of the big day and the honeymoon to follow may be the extent of your thoughts. It is easy to get swept up in the excitement of finding someone to spend your life with. It is also easy to forget that marriage is a legally...
by Durham Law Firm | Jul 7, 2021 | Estate Litigation
When someone passes away, their will declares an executor of the estate. The executor works with the probate court to pay any claims, debt, estate and income tax, and distribute assets to heirs. If an executor does not act in the best interests of the estate’s heirs...
by Durham Law Firm | Jul 2, 2021 | Guardianship
As you grow older, you may eventually need a caregiver. It is difficult to accept this truth, but living in denial that your health could fail is not wise. Our culture in the United States often values autonomy, independence, and doing it yourself. However, if a...
by Durham Law Firm | Jun 29, 2021 | Estate Planning
Sometimes we find ourselves in situations that we did not plan. Unexpected death or incapacitating illness may keep us from caring for our children. Mental illness, drug addiction, a prison sentence, or general incompetence can all leave our child with no caregiver....
by Durham Law Firm | Jun 22, 2021 | Estate Planning
Trust protectors play a relatively new role in the life of a trust. They give a type of long-term trust protection by acting with power over trustees and beneficiaries alike. A trust protector serves as an appointed authority over a trust for a time. Trust protectors...
