Dear Friends of Clarity: At Clarity Legal Group we see the challenges of dealing with the Covid-19 pandemic as an occasion for all of us to come together as a community while staying physically apart. It is essential to protect each other, especially those who are most vulnerable among us. The services we provide in the areas of elder law, estate planning, and healthcare planning seem particularly timely under the circumstances. The latest Stay-at-Home orders issued this … [Read more...] about Introducing Our 5-Day Rocket Process
As estate planning attorneys at Clarity Legal Group®, serving Raleigh, Cary, Durham , Chapel Hill and surrounding areas, a big part of what we do is help people prepare for life's unexpected challenges. How's the coronavirus for an unexpected challenge? Big, scary, and most of all, something that feels outside of our control. All of the good advice about facing this challenge is about dealing with the things you can control. Wash you hands, frequently, thoroughly, and discipline yourself … [Read more...] about How Does the Coronavirus Impact your Need to do Estate Planning?
The days, even weeks, that follow the death of a loved one can pass in a fog. It is often difficult to focus on anything but the grief you feel. People sometimes become preoccupied with any number of activities to take their mind off things. At some point, someone must step up and focus on the practical and legal steps that need to be taken as a result of the decedent’s death. At Clarity Legal Group® we advise and assist clients and their loved ones dealing with the days and weeks following a … [Read more...] about My Loved One Just Passed Away. What Steps Do I Need to Take?
Probate attorneys at Clarity Legal Group® can provide you with representation during the probate process. Probate typically takes place after someone has passed on. It is the process by which the assets of the deceased person transfer to new owners. As Investopedia explains, it can be a lengthy and costly process, so having an experienced attorney represent you is important. While the probate process occurs after most deaths, it does not necessarily have to occur every time someone passes … [Read more...] about The Top Reasons for Avoiding Probate
Historic Overview Congress and the Wilson administration established the original federal estate tax in 1916. However, the lack of an annual gift tax limitation provided a large unintended loophole for individuals to distribute inheritances prior to their death and avoid the estate tax. The federal annual gift tax exclusion was first enacted in 1924, repealed in 1926, reenacted in 1932 and has remained in force since that time. Congress and the Reagan administration unified the lifetime and … [Read more...] about The 2015 Lifetime Estate Tax Exclusion & Annual Gift Tax