Beneficiary designations on life insurance policies, retirement accounts, and payable-on-death bank accounts supersede instructions in a … [Read more...] about What role do beneficiary designations play after divorce?
How can I ensure that my children receive their inheritance if I remarry?
One strategy frequently used in second marriages is the creation of a Qualified Terminable Interest Property (QTIP) trust. This type of … [Read more...] about How can I ensure that my children receive their inheritance if I remarry?
What happens to my estate plan if I remarry?
If you decide to remarry, your estate plan should be re-evaluated once again. Many people want to provide for their new spouse while also … [Read more...] about What happens to my estate plan if I remarry?
Should I revise my estate planning documents after divorce?
Yes, updating your estate plan as soon as divorce becomes a realistic outcome is essential. Delaying this process can result in unintended … [Read more...] about Should I revise my estate planning documents after divorce?
How can I protect my individual property from being divided?
To maintain control over property you brought into the marriage or inherited, you may wish to incorporate asset protection tools into your … [Read more...] about How can I protect my individual property from being divided?
What risks do assets face during a divorce?
In North Carolina, marital property is divided equitably, which does not necessarily mean equally. Assets acquired during the marriage are … [Read more...] about What risks do assets face during a divorce?
How does ending a marriage affect an existing estate plan?
An estate plan often reflects the expectations and goals shared by spouses. Many plans name a spouse as the primary beneficiary, Executor, … [Read more...] about How does ending a marriage affect an existing estate plan?
What role does the board play in a Family Foundation?
A Family Foundation’s board is responsible for governance, ensuring funds are used in line with the organization’s mission. While the … [Read more...] about What role does the board play in a Family Foundation?
What are the costs involved in setting up and maintaining a Family Foundation?
Initial expenses include legal and administrative fees, such as incorporation and regulatory filings. Recurring costs may involve … [Read more...] about What are the costs involved in setting up and maintaining a Family Foundation?
