• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer
  • Home
  • BLOG
  • Newsletters
  • Reviews
    • Our Reviews
    • Review Us
  • Videos
  • Contact Us
  • WhoWe Are
    • A Message From Mark Costley
    • Meet Our Team
    • Communities We Serve
  • WhatWe Do
    • Advanced Estate Planning
      • Asset Protection
      • Business Succession Planning
      • Charitable Giving
      • Family Foundation
      • Family Limited Partnerships
      • Grantor Retained Annuity Trust
      • Irrevocable Life Insurance Trust
      • Planning For Charitable Gifts
      • Special Needs Planning
    • Counseling Non-Profits
    • Elder Law and Special Needs Planning
    • Estate and Gift Tax Planning
    • Estate Planning
    • Power of Attorney
    • Probate & Trust Administration
    • Process
    • SECURE Act
    • Social Entrepreneurship & Business Law
  • WhyWe Do It
    • Peace Of Mind
  • Resources
    • Caregiving Resources
      • Caregiving Worksheets
      • Our Book
    • Definitions
    • Elder Law Reports
    • Estate Planning Resources
      • Estate Planning Articles
      • Estate Plan Checkup
      • Estate Planning Reports
      • Is Your Estate Plan Outdated?
      • Top 10 Estate Planning Techniques
    • Frequently Asked Questions
      • Elder Law
      • Estate Planning
      • Estate Planning for Parents
      • FAQs for Families Without an Estate Plan
      • Divorce and Your Estate Plan
      • Estate Planning for Women
      • Estate Planning 101
      • Legacy Wealth Planning
      • LGBTQ Estate Planning
      • Nursing Home Planning
      • Spliter
        • Philanthropy and Your Estate Plan
        • Planning for Dementia
        • Probate
        • Serving as Executor
        • Special Needs Planning
        • Tax Avoidance Planning
        • Trust Administration
        • Trust Administration & Probate
        • Social Security Retirement System
        • Will Contests
    • Pre Consultation Form
    • Probate Resources
      • Chapel Hill Probate
      • Raleigh Probate Resources
    • Professional Resources

Clarity Legal Group

Estate Planning Information Center

919-484-0012 Schedule Consultation
Attend a Free Seminar
  • WhoWe Are
    • A Message From Mark Costley
    • Meet Our Team
    • Communities We Serve
  • WhatWe Do
    • Advanced Estate Planning
      • Asset Protection
      • Business Succession Planning
      • Charitable Giving
      • Family Foundation
      • Family Limited Partnerships
      • Grantor Retained Annuity Trust
      • Irrevocable Life Insurance Trust
      • Planning For Charitable Gifts
      • Special Needs Planning
    • Counseling Non-Profits
    • Elder Law and Special Needs Planning
    • Estate and Gift Tax Planning
    • Estate Planning
    • Power of Attorney
    • Probate & Trust Administration
    • Process
    • SECURE Act
    • Social Entrepreneurship & Business Law
  • WhyWe Do It
    • Peace Of Mind
  • Resources
    • Caregiving Resources
      • Caregiving Worksheets
      • Our Book
    • Definitions
    • Elder Law Reports
    • Estate Planning Resources
      • Estate Planning Articles
      • Estate Plan Checkup
      • Estate Planning Reports
      • Is Your Estate Plan Outdated?
      • Top 10 Estate Planning Techniques
    • Frequently Asked Questions
      • Elder Law
      • Estate Planning
      • Estate Planning for Parents
      • FAQs for Families Without an Estate Plan
      • Divorce and Your Estate Plan
      • Estate Planning for Women
      • Estate Planning 101
      • Legacy Wealth Planning
      • LGBTQ Estate Planning
      • Nursing Home Planning
      • Spliter
        • Philanthropy and Your Estate Plan
        • Planning for Dementia
        • Probate
        • Serving as Executor
        • Special Needs Planning
        • Tax Avoidance Planning
        • Trust Administration
        • Trust Administration & Probate
        • Social Security Retirement System
        • Will Contests
    • Pre Consultation Form
    • Probate Resources
      • Chapel Hill Probate
      • Raleigh Probate Resources
    • Professional Resources
Home » Raleigh Advanced Estate Planning

Raleigh Advanced Estate Planning

Asset Protection

Over the course of the last ten years, the increased use of asset protection planning is one of the biggest changes in estate planning.  Leaving an inheritance to someone else in a form that is protected from their creditors or from a divorcing spouse is a relatively easy thing for you to set up for them as part of your estate plan.  It is a difficult (or even impossible, in some circumstances) thing for them to set up for themselves after your death.  For this reason, at least the consideration of the use of asset protection trusts for those who inherit from you is a key part of estate planning.

There are also opportunities for you to create asset protection for yourself during your life. You don’t want to lose your hard-earned wealth and be left facing financial uncertainty as you get older and you don’t want your loved ones to have to worry about their own futures if you have the money to protect and provide for them.  Asset protection planning can also arise in the context of planning for qualification for government related benefits.

We help clients in all of these areas.  It is up to you to protect all you have built, and Clarity Legal Group® is here to help you.

Blended Families

Today, more families than ever are blended families. There are many benefits to being part of a blended family, including having a wide circle of loving relatives who share their lives.  But it also presents certain challenges associated with the estate planning process, as you need to make sure that children from other relationships are provided for appropriately in the event that a parent becomes sick or passes away.

Business Succession Planning

Business succession planning is of vital importance to everyone who owns an interest in a business, whether you operate a sole proprietorship, corporation, or Limited Liability Company (LLC). The process of business succession planning can ensure your company is able to survive and serve as a lasting legacy to be handed down through the generations and to continue providing important value to your community.

Considerations such as the role of children and key employees, the continuity of operations, liquidity for buy outs, fairness to children not participating in a family owned business, and of course, asset protection and facility financial stability all play into business succession planning.  Often, getting started with some of the challenging conversations needed is the hardest part.  We’ve helped others before and would be happy to help you.  Clarity Legal Group® can provide assistance with the business succession planning process.

Family Foundation

When your family is committed to establishing your legacy and making a difference through philanthropy, the creation of a family foundation is often one of the best ways to accomplish your goals. A family foundation can provide you with much more control over your charitable contributions than donating to other organizations, as well as providing important tax benefits. Clarity Legal Group® can provide assistance in determining if creating a family foundation is both viable and advisable and can assist with the process of creating your foundation, applying for tax exempt status, and understanding and fulfilling operating requirements.

Family Limited Partnership

A family limited partnership is a powerful way to transfer assets while reducing or avoiding gift and estate taxes. Family Limited Partnerships (or Family Limited Liability Companies) can be a beneficial way not only for business owners to transfer control of their companies to their loved ones, but also for those who have substantial wealth of any type to pass on to loved ones. Clarity Legal Group® can work with you to evaluate your family and financial situation and to understand all of the options available to you for the transfer of your wealth, including the creation of a family limited partnership.

Grantor Retained Annuity Trust

A grantor retained annuity trust, or GRAT, is an estate planning technique aimed at minimizing tax liability. A GRAT can provide yearly annuity payments and can facilitate the tax- intergenerational transfer of estate assets. Clarity Legal Group® can provide you with help in understanding how a grantor-retained annuity trust can be used to protect assets from estate taxes and can work with you to create this type of trust if it is the right option for you and your family.

Irrevocable Life Insurance Trust

An irrevocable life insurance trust makes it possible for you to leave the proceeds of a life insurance policy to someone who is underage or to someone who you are not confident is ready to manage a large sum of money.  Protecting a child, young adult, or even a spendthrift heir is just one of many benefits associated with the creation of an irrevocable life insurance trust – there are many other reasons to create this trust type as well.  Clarity Legal Group® can help you to understand the purpose of creating an irrevocable life insurance trust and can assist you in determining whether creating this type of trust should be a part of your estate plan.

Clarity Legal Group

Free Estate planning Worksheet

There's a lot that goes into setting up a comprehensive estate plan, but with our FREE worksheet, you'll be one step closer to getting yourself and your family on the path to a secure and happy future.

  • This field is for validation purposes and should be left unchanged.

Follow Us

Address

Clarity Legal Group
1414 Raleigh Road Suite 445
Chapel Hill, NC 27517
United States (US)
Phone: 919-484-0012

reply@claritylegalgroup.com

Mailing Address
PO Box 2207
Chapel Hill, NC 27515

Exchange West Office Map

Office Hours

Monday9:00 AM - 5:30 PM
Tuesday9:00 AM - 5:30 PM
Wednesday9:00 AM - 5:30 PM
Thursday9:00 AM - 5:30 PM
Friday9:00 AM - 2:00 PM

Map

clarity_sidbr_map

Clarity Legal Group is conveniently located in the heart of the Triangle, based in Chapel Hill and proudly serving the state of North Carolina including Durham, Cary, Apex, Pittsboro, Hillsborough, Holly Springs, and Raleigh.

  • About The American Academy
  • Disclaimer
  • Diversity
  • Sitemap
  • Privacy Policy
  • © 2023 American Academy of Estate Planning Attorneys.
    All Rights Reserved.
    Attorney Advertisement
  • Clarity Legal Group footer logo

    Clarity Legal Group is a registered Trademark and trade name for The Mark Costley Law Group, PLLC


    • Read Our 5-Star Client Reviews

"AV® , AV Preeminent® , Martindale-Hubbell DistinguishedSM and Martindale-Hubbell NotableSM are Certification Marks used under license in accordance with the Martindale-Hubbell® certification procedures, standards and policies."

x

Fill out the form below to access to the worksheets and checklists discussed in The Ultimate Caregiver Guide! After submitting this form, you can clic

  • This field is for validation purposes and should be left unchanged.