Clarity Legal Group®
Estate Planning Information Center
Is a Beneficiary Defective Inheritance Trust Right for My Business Succession Plan?
0 Comments December 5, 2023
For my clients who own a small business, I always stress the importance of incorporating a business succession planning component into their overall estate plan. Once of the most importance aspects of that plan should be a roadmap for how the business will be passed down to the next generation […]
0 Comments December 5, 2023
For my clients who own a small business, I always stress the importance of incorporating a business succession planning component into their overall estate plan. Once of the most importance aspects of that plan should be a roadmap for how the business will be passed down to the next generation […]
Understanding Assisted Living in North Carolina
0 Comments December 5, 2023
For some of my older clients or clients providing care to older family members, there comes a time when consideration must be given to moving out of their home. Sometimes, the need for the level of care only offered at a nursing home makes decisions straightforward; however, if nursing home […]
0 Comments December 5, 2023
For some of my older clients or clients providing care to older family members, there comes a time when consideration must be given to moving out of their home. Sometimes, the need for the level of care only offered at a nursing home makes decisions straightforward; however, if nursing home […]
10 Estate Planning Tips to Help You Create a Successful Plan
0 Comments July 11, 2023
After many years of helping people create successful estate plans, I can confidently say that most people are initially intimidated by the entire prospect of estate planning. Unfortunately, that often causes people to put off estate planning which can have negative consequences. To help eliminate the feeling of being overwhelmed […]
0 Comments July 11, 2023
After many years of helping people create successful estate plans, I can confidently say that most people are initially intimidated by the entire prospect of estate planning. Unfortunately, that often causes people to put off estate planning which can have negative consequences. To help eliminate the feeling of being overwhelmed […]
Spousal Elective Share in North Carolina Explained
0 Comments June 29, 2023
When I work with married clients, many of them choose to create reciprocal estate plans, meaning the spouse’s individual estate plans effectively mirror each other. These estate plans usually call for the entire estate of one spouse to be transferred to the surviving spouse upon death. Sometimes, however, I work […]
0 Comments June 29, 2023
When I work with married clients, many of them choose to create reciprocal estate plans, meaning the spouse’s individual estate plans effectively mirror each other. These estate plans usually call for the entire estate of one spouse to be transferred to the surviving spouse upon death. Sometimes, however, I work […]
What Is a North Carolina NFA Gun Trust?
0 Comments June 29, 2023
Some of my clients count a valuable firearms collection among their estate assets. When deciding how to handle firearms within an estate plan, several factors should be considered above and beyond the monetary value of the firearms. Among the most important considerations are the numerous federal laws that apply to […]
0 Comments June 29, 2023
Some of my clients count a valuable firearms collection among their estate assets. When deciding how to handle firearms within an estate plan, several factors should be considered above and beyond the monetary value of the firearms. Among the most important considerations are the numerous federal laws that apply to […]
North Carolina Probate Checklist
0 Comments June 28, 2023
I frequently have clients who recently lost a loved one and who find themselves in the position of needing to oversee the administration of the decedent’s estate. Handling the probate of an estate while simultaneously grieving the loss of a loved one can be difficult. I strongly urge my clients […]
0 Comments June 28, 2023
I frequently have clients who recently lost a loved one and who find themselves in the position of needing to oversee the administration of the decedent’s estate. Handling the probate of an estate while simultaneously grieving the loss of a loved one can be difficult. I strongly urge my clients […]
4 Ways to Avoid Estate Taxes
0 Comments June 28, 2023
For many of my clients, tax avoidance is a primary estate planning goal. Gift and estate taxes can wreak havoc on the estate you leave behind if you do not proactively take steps to avoid paying taxes. While it is not always possible to completely avoid paying gift and estate […]
0 Comments June 28, 2023
For many of my clients, tax avoidance is a primary estate planning goal. Gift and estate taxes can wreak havoc on the estate you leave behind if you do not proactively take steps to avoid paying taxes. While it is not always possible to completely avoid paying gift and estate […]
How to Pass Down Real Estate in Your Estate Plan
0 Comments June 28, 2023
When I meet with estate planning clients, I try to spend a significant amount of time discussing the types of assets they own and wish to pass down within their estate plans. The reason for this is simple. The type of asset you want to pass down will directly impact […]
0 Comments June 28, 2023
When I meet with estate planning clients, I try to spend a significant amount of time discussing the types of assets they own and wish to pass down within their estate plans. The reason for this is simple. The type of asset you want to pass down will directly impact […]
What Are the Benefits of Appointing a Professional Trustee?
0 Comments June 28, 2023
Many of my clients choose to incorporate a trust agreement into their estate plans. One of the most important decisions they must make when creating a trust is who to appoint as the Trustee of the trust. When you create a trust, you can appoint anyone you want to be […]
0 Comments June 28, 2023
Many of my clients choose to incorporate a trust agreement into their estate plans. One of the most important decisions they must make when creating a trust is who to appoint as the Trustee of the trust. When you create a trust, you can appoint anyone you want to be […]
Why Liquidity Is Important Within Your Estate Plan
0 Comments May 15, 2023
When my clients come in to discuss estate planning, they often focus entirely on packing their portfolio with valuable assets. One thing they often overlook is the importance of having sufficient liquid assets in their estate at the time they die. To make sure you do not make this common […]
0 Comments May 15, 2023
When my clients come in to discuss estate planning, they often focus entirely on packing their portfolio with valuable assets. One thing they often overlook is the importance of having sufficient liquid assets in their estate at the time they die. To make sure you do not make this common […]
What Are the Drawbacks to Creating an ABLE Account?
0 Comments May 15, 2023
For my clients who have a child with special needs or who live with a disability themselves, I encourage them to consider establishing a special needs trust and/or setting up an ABLE Account. While an ABLE Account offers several important benefits, there are also some things worth considering when opening […]
0 Comments May 15, 2023
For my clients who have a child with special needs or who live with a disability themselves, I encourage them to consider establishing a special needs trust and/or setting up an ABLE Account. While an ABLE Account offers several important benefits, there are also some things worth considering when opening […]
What Is an ABLE Account?
0 Comments May 5, 2023
Many of my clients are the parents or grandparents of a child with special needs. For these clients, I stress the importance of incorporating a special needs planning component into their comprehensive estate plan. While every special needs plan should be uniquely tailored to the needs of the client, a […]
0 Comments May 5, 2023
Many of my clients are the parents or grandparents of a child with special needs. For these clients, I stress the importance of incorporating a special needs planning component into their comprehensive estate plan. While every special needs plan should be uniquely tailored to the needs of the client, a […]
The Joy in Joint Trusts
0 Comments May 1, 2023
Joint trusts offer clients many benefits both during life and after death. Those with joint trusts need to understand the limitations inherent in the trust and the importance of seeking qualified counsel upon the death of the first spouse to ensure that the trust administration runs smoothly. A recent Michigan case highlights what happens when the surviving spouse fails to do that or simply ignores the terms of the trust altogether.
0 Comments May 1, 2023
Joint trusts offer clients many benefits both during life and after death. Those with joint trusts need to understand the limitations inherent in the trust and the importance of seeking qualified counsel upon the death of the first spouse to ensure that the trust administration runs smoothly. A recent Michigan case highlights what happens when the surviving spouse fails to do that or simply ignores the terms of the trust altogether.
What Is the Medicaid “Spend Down” Requirement?
0 Comments March 20, 2023
Anticipating the very real possibility of the need for long-term care is something I urge my clients to consider when creating or updating their estate plans. For many clients, this means including a Medicaid planning component in their estate plan. One reason for this is to avoid the Medicaid spend […]
0 Comments March 20, 2023
Anticipating the very real possibility of the need for long-term care is something I urge my clients to consider when creating or updating their estate plans. For many clients, this means including a Medicaid planning component in their estate plan. One reason for this is to avoid the Medicaid spend […]
What Is the Medicaid “Look-Back” Provision?
0 Comments March 6, 2023
You may make it to your retirement years without ever needing to qualify for Medicaid because you were fortunate enough to be covered by employer-sponsored or privately purchased health insurance. The likelihood that you will need to qualify for Medicaid increases substantially, however, when you reach your retirement years because […]
0 Comments March 6, 2023
You may make it to your retirement years without ever needing to qualify for Medicaid because you were fortunate enough to be covered by employer-sponsored or privately purchased health insurance. The likelihood that you will need to qualify for Medicaid increases substantially, however, when you reach your retirement years because […]
If I’m the Trustee Do I Need an Attorney to Help?
0 Comments February 25, 2023
About eighty-five percent of the clients we help create an estate plan use a Revocable Living Trust agreement as the centerpiece of their plan. Once the client’s assets are properly organized under the trust — something Clarity Legal Group takes the lead in making happen — the client(s) controls them […]
0 Comments February 25, 2023
About eighty-five percent of the clients we help create an estate plan use a Revocable Living Trust agreement as the centerpiece of their plan. Once the client’s assets are properly organized under the trust — something Clarity Legal Group takes the lead in making happen — the client(s) controls them […]
How Do I Discuss Estate Planning with My Aging Parents?
0 Comments February 22, 2023
Some of my clients are adult children of aging parents who are struggling to accept the fact that their parents are experiencing the mental and/or physical deterioration that accompanies the natural aging process. When a parent’s aging makes them vulnerable, a role reversal often occurs. The parent becomes at least […]
0 Comments February 22, 2023
Some of my clients are adult children of aging parents who are struggling to accept the fact that their parents are experiencing the mental and/or physical deterioration that accompanies the natural aging process. When a parent’s aging makes them vulnerable, a role reversal often occurs. The parent becomes at least […]
Digital Estate Planning Checklist
0 Comments February 14, 2023
As part of the estate planning process, I encourage clients to create written lists of all assets they own. In today’s electronic world, I sometimes need to remind clients that “assets” include digital assets. Despite living in a digital world, people frequently fail to recognize and include digital assets in […]
0 Comments February 14, 2023
As part of the estate planning process, I encourage clients to create written lists of all assets they own. In today’s electronic world, I sometimes need to remind clients that “assets” include digital assets. Despite living in a digital world, people frequently fail to recognize and include digital assets in […]
Choosing a Caregiver – Is Family Always the Best Option?
0 Comments October 4, 2022
Most of the time the choice of using a family member as caregiver is treated as obvious. After all, the two most important considerations for most people making this choice is the quality of care and the cost of care. Our loved ones are going to treat us like family
0 Comments October 4, 2022
Most of the time the choice of using a family member as caregiver is treated as obvious. After all, the two most important considerations for most people making this choice is the quality of care and the cost of care. Our loved ones are going to treat us like family
How Do I Trust Thee…Part III
0 Comments August 11, 2022
If a client’s Estate Plan involves a revocable trust, then the client needs to decide who will serve as trustee after the client dies. Sometimes, clients have several undesirable options if they want to name an individual and they consider naming an institution to serve as trustee. This article provides a framework for clients considering naming an institutional trustee.
0 Comments August 11, 2022
If a client’s Estate Plan involves a revocable trust, then the client needs to decide who will serve as trustee after the client dies. Sometimes, clients have several undesirable options if they want to name an individual and they consider naming an institution to serve as trustee. This article provides a framework for clients considering naming an institutional trustee.
How Do I Trust Thee…Part II
0 Comments August 9, 2022
When clients undertake Estate Planning, they face the difficult decision of naming one or more individuals to serve in various fiduciary positions. If a client sets up an irrevocable trust during life, the client may prefer to serve as trustee instead of naming a third party. Serving as trustee gives comfort to the trustor that they maintain a level of control over the assets transferred to the irrevocable trust; however, depending upon the provisions of the trust, naming a trustor as trustee of an irrevocable trust could defeat the intended tax consequences. This article explores what powers a trustor should avoid serving as a trustee of an irrevocable trust.
0 Comments August 9, 2022
When clients undertake Estate Planning, they face the difficult decision of naming one or more individuals to serve in various fiduciary positions. If a client sets up an irrevocable trust during life, the client may prefer to serve as trustee instead of naming a third party. Serving as trustee gives comfort to the trustor that they maintain a level of control over the assets transferred to the irrevocable trust; however, depending upon the provisions of the trust, naming a trustor as trustee of an irrevocable trust could defeat the intended tax consequences. This article explores what powers a trustor should avoid serving as a trustee of an irrevocable trust.
You will always want professional help when it comes to filing Estate Tax returns.
0 Comments August 2, 2022
I frequently begin a consultation estate taxes with the phrase “I’ve got great news”. That’s because only the wealthiest fraction of one percent of the population will owe any estate taxes under the current laws. For decades, the estate tax laws have been built around the concept of an estate […]
0 Comments August 2, 2022
I frequently begin a consultation estate taxes with the phrase “I’ve got great news”. That’s because only the wealthiest fraction of one percent of the population will owe any estate taxes under the current laws. For decades, the estate tax laws have been built around the concept of an estate […]
Grandparents and Gifting: Using a Living Trust
0 Comments July 19, 2022
I’ve heard it said that being a grandparent can be an exceptional gig. If you are fortunate enough to be a grandparent, you understand the joy a grandchild brings into your life. Becoming a grandparent is one of the events that the professionals of Clarity Legal Group identify as a […]
0 Comments July 19, 2022
I’ve heard it said that being a grandparent can be an exceptional gig. If you are fortunate enough to be a grandparent, you understand the joy a grandchild brings into your life. Becoming a grandparent is one of the events that the professionals of Clarity Legal Group identify as a […]
What to Do after an Alzheimer’s Diagnosis
0 Comments July 12, 2022
An Alzheimer’s diagnosis can be very emotional. It can hit you like a locomotive and may take some time to accept. At Clarity Legal Group all of our clients are advised and encouraged to come see us to review their planning when they get any kind of health diagnosis that […]
0 Comments July 12, 2022
An Alzheimer’s diagnosis can be very emotional. It can hit you like a locomotive and may take some time to accept. At Clarity Legal Group all of our clients are advised and encouraged to come see us to review their planning when they get any kind of health diagnosis that […]
Using Entities in Estate Planning
0 Comments July 7, 2022
More and more families own property, assets, and businesses together. Using an entity to govern operations provides stability by allowing continued operation upon the death of an owner. When the governing agreement and estate planning documents of a deceased owner conflict, unintended, potentially litigious, results occur. Read on to learn more.
0 Comments July 7, 2022
More and more families own property, assets, and businesses together. Using an entity to govern operations provides stability by allowing continued operation upon the death of an owner. When the governing agreement and estate planning documents of a deceased owner conflict, unintended, potentially litigious, results occur. Read on to learn more.
Can I Be Liable for Mistakes I Make as a Trustee?
0 Comments July 5, 2022
In my last post I discussed the fact that you are not obliged to serve as a Trustee just because you are appointed. One of the reasons you might choose not to serve is the risk of liability for errors you might make. If you are serving as Trustee of […]
0 Comments July 5, 2022
In my last post I discussed the fact that you are not obliged to serve as a Trustee just because you are appointed. One of the reasons you might choose not to serve is the risk of liability for errors you might make. If you are serving as Trustee of […]
How Do I Trust Thee…Part I
0 Comments July 1, 2022
When clients undertake Estate Planning, they face the difficult decision of naming a trustee after their death. While Estate Planning documents are effective once signed, they often contain provisions regarding what will happen upon the trustor’s death. Because of the application years in advance, the choice of who will serve as trustee often vexes clients. They need to make this decision years in advance of the time that the individual will serve and as we know, circumstances change. This article examines the various considerations that should be made when naming a trustee.
0 Comments July 1, 2022
When clients undertake Estate Planning, they face the difficult decision of naming a trustee after their death. While Estate Planning documents are effective once signed, they often contain provisions regarding what will happen upon the trustor’s death. Because of the application years in advance, the choice of who will serve as trustee often vexes clients. They need to make this decision years in advance of the time that the individual will serve and as we know, circumstances change. This article examines the various considerations that should be made when naming a trustee.
How Do I Title Thee…Part II
0 Comments July 1, 2022
We often recommend a trust as part of a comprehensive Estate Plan. This article is the second in a two-part series that examines the effect that title has on an Estate Plan. The first step is understanding what forms of ownership your state recognizes and the potential benefits and detriments of each. The second is determining which form of ownership best accomplishes the goals of the client.
0 Comments July 1, 2022
We often recommend a trust as part of a comprehensive Estate Plan. This article is the second in a two-part series that examines the effect that title has on an Estate Plan. The first step is understanding what forms of ownership your state recognizes and the potential benefits and detriments of each. The second is determining which form of ownership best accomplishes the goals of the client.
Do I Have to Accept the Job of Trustee?
0 Comments June 30, 2022
When it comes time to administer a trust, the person appointed as the Trustee is responsible for doing so. I am sometimes surprised to have a client tell me they had no idea they were appointed to be the Trustee of a trust. They’ve come to me to seek our […]
0 Comments June 30, 2022
When it comes time to administer a trust, the person appointed as the Trustee is responsible for doing so. I am sometimes surprised to have a client tell me they had no idea they were appointed to be the Trustee of a trust. They’ve come to me to seek our […]
Estate Planning is part of a Life Well Lived, Regardless of Marital Status.
0 Comments June 28, 2022
I have a significant number of people ask me why they would need an estate plan as a single adult. This is because there is a common misperception that an estate plan does not become necessary until you marry and/or become a parent. To make sure you do not fall […]
0 Comments June 28, 2022
I have a significant number of people ask me why they would need an estate plan as a single adult. This is because there is a common misperception that an estate plan does not become necessary until you marry and/or become a parent. To make sure you do not fall […]
The Kiddie Tax is No Child’s Game
0 Comments June 25, 2022
If you set up a trust or other investment vehicle for your child, that child could incur taxes at a rate much higher than anticipated. The Kiddie Tax was enacted to prevent parents from transferring investments to the name of their child or children to take advantage of that child’s lower tax rate. Read on to learn more.
0 Comments June 25, 2022
If you set up a trust or other investment vehicle for your child, that child could incur taxes at a rate much higher than anticipated. The Kiddie Tax was enacted to prevent parents from transferring investments to the name of their child or children to take advantage of that child’s lower tax rate. Read on to learn more.
What Is the Medicaid Waiting Period?
0 Comments June 21, 2022
Many of our older clients are unfamiliar with the eligibility requirements and participant benefits of the Medicaid program because they enjoyed employer-sponsored or privately purchased long-term care insurance during their working years. Those who have not will either have the family resources to self-pay for long-term care or may suddenly […]
0 Comments June 21, 2022
Many of our older clients are unfamiliar with the eligibility requirements and participant benefits of the Medicaid program because they enjoyed employer-sponsored or privately purchased long-term care insurance during their working years. Those who have not will either have the family resources to self-pay for long-term care or may suddenly […]
Solutions When Siblings Cannot Agree on Medical Care for A Parent
0 Comments June 16, 2022
I spent twenty years of my legal career as a part time Mediator of civil court disputes in North Carolina Superior Court. I can’t say I enjoyed every mediation, but I can say I learned a lot in this process which informs my work with families undergoing the stress of […]
0 Comments June 16, 2022
I spent twenty years of my legal career as a part time Mediator of civil court disputes in North Carolina Superior Court. I can’t say I enjoyed every mediation, but I can say I learned a lot in this process which informs my work with families undergoing the stress of […]
How Do I Title Thee…Part 1
0 Comments June 14, 2022
We often consider Estate Planning documents such as a Will, Trust, Property Power of Attorney, and health care documents to be the building blocks of an Estate Plan. While a necessary and important part of Estate Planning, thinking of the documents as the starting point for an Estate Plan skips several important steps. This article is the first in a two-part series. The first part examines the various ways to hold title to assets and the second part examines the effect that title may have on an Estate Plan.
0 Comments June 14, 2022
We often consider Estate Planning documents such as a Will, Trust, Property Power of Attorney, and health care documents to be the building blocks of an Estate Plan. While a necessary and important part of Estate Planning, thinking of the documents as the starting point for an Estate Plan skips several important steps. This article is the first in a two-part series. The first part examines the various ways to hold title to assets and the second part examines the effect that title may have on an Estate Plan.
What Is a “Stepped-Up” Basis and Why Does It Matter?
0 Comments June 7, 2022
For many of my clients, taxes are a big concern. In any event, tax consequences play and important role when crafting an estate plan. Fortunately, there are numerous estate planning tools and strategies that can help reduce, or even avoid, hefty tax obligations for you, your estate, and even your […]
0 Comments June 7, 2022
For many of my clients, taxes are a big concern. In any event, tax consequences play and important role when crafting an estate plan. Fortunately, there are numerous estate planning tools and strategies that can help reduce, or even avoid, hefty tax obligations for you, your estate, and even your […]
How Can an Estate Planning Attorney Help Me?
0 Comments April 26, 2022
You undoubtedly know that an estate planning attorney can help you create your estate planning documents, however, estate planning — at least competent and comprehensive estate planning — has never been all about the legal documents. May people I speak with are unaware of the numerous other components of the […]
0 Comments April 26, 2022
You undoubtedly know that an estate planning attorney can help you create your estate planning documents, however, estate planning — at least competent and comprehensive estate planning — has never been all about the legal documents. May people I speak with are unaware of the numerous other components of the […]
What Everyone Should Know about the New FDIC Regulations
0 Comments March 26, 2022
Although revocable trusts are the centerpiece for many estate plans, many clients are confused by what amount of their deposit accounts are insured by the Federal Deposit Insurance Company. To make the rules easier to apply, the Federal Deposit Insurance Company released new rules with a delayed effective date. These rules build on the current concepts while simplifying their application.
0 Comments March 26, 2022
Although revocable trusts are the centerpiece for many estate plans, many clients are confused by what amount of their deposit accounts are insured by the Federal Deposit Insurance Company. To make the rules easier to apply, the Federal Deposit Insurance Company released new rules with a delayed effective date. These rules build on the current concepts while simplifying their application.
What You Do Not Know about Estate Planning Could Hurt You
0 Comments March 8, 2022
Initially, the concept of estate planning is a mystery for many of my clients. That is completely understandable given how many different elements there are to an effective estate plan. Effective planning includes consideration of law of trusts and estates, tax law, asset protection laws, an understanding of the probate […]
0 Comments March 8, 2022
Initially, the concept of estate planning is a mystery for many of my clients. That is completely understandable given how many different elements there are to an effective estate plan. Effective planning includes consideration of law of trusts and estates, tax law, asset protection laws, an understanding of the probate […]
5 Reasons to Use a Living Trust to Distribute Your Estate
0 Comments February 1, 2022
Quite a few of my clients come to see me with a set of older documents which have a Will as the main legal document for managing their affairs at death. They have heard about Living Trusts and are wondering if planning with a trust would be the right thing […]
0 Comments February 1, 2022
Quite a few of my clients come to see me with a set of older documents which have a Will as the main legal document for managing their affairs at death. They have heard about Living Trusts and are wondering if planning with a trust would be the right thing […]
How Do I Include Intellectual Property into My Estate Plan?
0 Comments January 11, 2022
The estate you leave behind after your death consists of all real and personal property as well as tangible and intangible assets owned by you, or in which you share an ownership interest. For most of my clients, that includes common assets such as a home, vehicles, investment accounts, and […]
0 Comments January 11, 2022
The estate you leave behind after your death consists of all real and personal property as well as tangible and intangible assets owned by you, or in which you share an ownership interest. For most of my clients, that includes common assets such as a home, vehicles, investment accounts, and […]
A Living Trust can significantly reduce costs of Administration.
0 Comments August 24, 2021
A living trust is among the most common additions to a typical estate plan. One reason for this is that a living trust can be used to further a variety of estate planning goals, including probate avoidance, incapacity planning, and asset protection for spouses, children and others who might inherit […]
0 Comments August 24, 2021
A living trust is among the most common additions to a typical estate plan. One reason for this is that a living trust can be used to further a variety of estate planning goals, including probate avoidance, incapacity planning, and asset protection for spouses, children and others who might inherit […]
A Living Will brings Clarity to your Estate Plan.
0 Comments August 19, 2021
I stress to clients that a comprehensive estate plan should do more than focus on what happens after they are gone. In fact, a successful estate plan should contemplate planning for your possible incapacity as much as for your death. I’ve spent more than twenty-five years of my legal career […]
0 Comments August 19, 2021
I stress to clients that a comprehensive estate plan should do more than focus on what happens after they are gone. In fact, a successful estate plan should contemplate planning for your possible incapacity as much as for your death. I’ve spent more than twenty-five years of my legal career […]
Tax Reporting with Trusts
0 Comments August 17, 2021
Grantor trusts are trusts which are income taxed to the “substantial owner” of the trust. Usually, the substantial owner is otherwise known as the “grantor” or “trustor.” Nongrantor trusts are trusts which are not grantor trusts. But, what is the tax reporting for grantor and nongrantor trusts? Read on to learn more.
0 Comments August 17, 2021
Grantor trusts are trusts which are income taxed to the “substantial owner” of the trust. Usually, the substantial owner is otherwise known as the “grantor” or “trustor.” Nongrantor trusts are trusts which are not grantor trusts. But, what is the tax reporting for grantor and nongrantor trusts? Read on to learn more.
Taxation of Nongrantor Trusts
0 Comments August 12, 2021
“Nongrantor” trusts are trusts which aren’t taxed to a substantial owner pursuant to the grantor trust rules. Such a trust must file its own tax return and the income of the trust would be taxed to it, unless distributed. Read on to learn more.
0 Comments August 12, 2021
“Nongrantor” trusts are trusts which aren’t taxed to a substantial owner pursuant to the grantor trust rules. Such a trust must file its own tax return and the income of the trust would be taxed to it, unless distributed. Read on to learn more.
Advantages of Using a “Grantor Trust” in Planning
0 Comments August 10, 2021
Grantor trusts are trusts which are income taxed to the “substantial owner” of the trust. Usually, the substantial owner is otherwise known as the “grantor” or “trustor.” Grantor trusts can be quite useful in tax planning. Read on to learn more.
0 Comments August 10, 2021
Grantor trusts are trusts which are income taxed to the “substantial owner” of the trust. Usually, the substantial owner is otherwise known as the “grantor” or “trustor.” Grantor trusts can be quite useful in tax planning. Read on to learn more.
Plan Early to Protect Your IRA in Advance of a Possible Medicaid Application
0 Comments August 3, 2021
Given the high cost of nursing home care, I often discuss with clients how to protect and manage their estates in the face of this risk. Some clients may need to count on Medicaid to help cover those expenses at some point. The plain fact is that qualifying for Medicaid […]
0 Comments August 3, 2021
Given the high cost of nursing home care, I often discuss with clients how to protect and manage their estates in the face of this risk. Some clients may need to count on Medicaid to help cover those expenses at some point. The plain fact is that qualifying for Medicaid […]
What Is the Uniform Transfer to Minors Act?
0 Comments June 17, 2021
Many of my clients wish to make lifetime or testamentary gifts to minors as part of their estate planning. One tool to know about when transferring assets to minors is the Uniform Transfer to Minors Act (UTMA). This is probably the easiest, abut least favored approach to transferring funds to […]
0 Comments June 17, 2021
Many of my clients wish to make lifetime or testamentary gifts to minors as part of their estate planning. One tool to know about when transferring assets to minors is the Uniform Transfer to Minors Act (UTMA). This is probably the easiest, abut least favored approach to transferring funds to […]
Should I Appoint a Family Member or Professional to Undertake the Responsibilities of Trustee?
0 Comments May 29, 2021
At Clarity Legal Group, our clients often choose to incorporate one or more trusts into their estate plan. Although each trust agreement is uniquely tailored to the needs of the Settlor (the trust creator), one thing all trusts have in common is the need to appoint a Trustee to oversee […]
0 Comments May 29, 2021
At Clarity Legal Group, our clients often choose to incorporate one or more trusts into their estate plan. Although each trust agreement is uniquely tailored to the needs of the Settlor (the trust creator), one thing all trusts have in common is the need to appoint a Trustee to oversee […]
What Estate Plan Changes Do I Need to Make Following the Loss of My Spouse?
0 Comments April 22, 2021
The loss of a spouse is one of the most emotional experiences you might go through. Most people naturally understand there is the “business” of dealing with their spouse’s estate, but thinking about updating their own estate plan is often not on their agenda. It turns out that their are […]
0 Comments April 22, 2021
The loss of a spouse is one of the most emotional experiences you might go through. Most people naturally understand there is the “business” of dealing with their spouse’s estate, but thinking about updating their own estate plan is often not on their agenda. It turns out that their are […]
How implementing a Living Trust helps you get planning right.
0 Comments March 25, 2021
Clients often ask me what estate planning documents they will need beyond a Last Will and Testament. While no two plans are the same, I frequently suggest adding a revocable living trust to a comprehensive estate plan. Understanding how a trust might fit into your planning should help you get […]
0 Comments March 25, 2021
Clients often ask me what estate planning documents they will need beyond a Last Will and Testament. While no two plans are the same, I frequently suggest adding a revocable living trust to a comprehensive estate plan. Understanding how a trust might fit into your planning should help you get […]
Understanding Your Life Insurance Options
0 Comments March 23, 2021
I find that for many of my clients, life insurance sometimes plays an integral role within their estate plan. Exactly which role a life insurance policy will play, however, depends on a variety of factors. In order to know how life insurance fits into your estate plan, you need to […]
0 Comments March 23, 2021
I find that for many of my clients, life insurance sometimes plays an integral role within their estate plan. Exactly which role a life insurance policy will play, however, depends on a variety of factors. In order to know how life insurance fits into your estate plan, you need to […]
The Ultimate Caregiver Guide
0 Comments March 18, 2021
Thirty years ago, I could never have imagined that I would find myself advising so many people about planning for their long term care or serving in the role of caregiver for a family member or friend. Yet, as Clarity Legal Group® has developed, caregiving has become one of the […]
0 Comments March 18, 2021
Thirty years ago, I could never have imagined that I would find myself advising so many people about planning for their long term care or serving in the role of caregiver for a family member or friend. Yet, as Clarity Legal Group® has developed, caregiving has become one of the […]
How to Pick the Best Person to Administer Your Estate
0 Comments March 16, 2021
I’ve got a pretty short and simple post today on a basic question I think people don’t think enough about. People tend to focus on the division of their estate, but make assumptions about who will administer their estate after they are gone. Deciding who to appoint as your Executor […]
0 Comments March 16, 2021
I’ve got a pretty short and simple post today on a basic question I think people don’t think enough about. People tend to focus on the division of their estate, but make assumptions about who will administer their estate after they are gone. Deciding who to appoint as your Executor […]
Getting Estate Planning Right: Who Decides If I Am “Incapacitated?”
0 Comments March 11, 2021
When people find out that I am estate planning attorney I sometimes get the reaction that I am a tax attorney. Tax planning is an important part of estate planning, and it has implications in multiple places in the planning world, but it is not the core of estate planning. […]
0 Comments March 11, 2021
When people find out that I am estate planning attorney I sometimes get the reaction that I am a tax attorney. Tax planning is an important part of estate planning, and it has implications in multiple places in the planning world, but it is not the core of estate planning. […]
How to Protect your Loved Ones Needing Care: Questions to Ask When Choosing a Long-Term Care Facility
0 Comments March 9, 2021
I imagine most people agree with me that the last place they want to find themselves is resident at a skilled nursing facility. When someone gets to the point that they need this level of care, their perspective sometimes changes, as they are faced with the reality that their continued […]
0 Comments March 9, 2021
I imagine most people agree with me that the last place they want to find themselves is resident at a skilled nursing facility. When someone gets to the point that they need this level of care, their perspective sometimes changes, as they are faced with the reality that their continued […]
Beneficiary Designations and the SECURE Act: Eligible Designated Beneficiaries
0 Comments March 6, 2021
Beneficiary designations can be deceptively simple. But their simplicity is sort of like an iceberg. Danger lurks beneath those tranquil waters, both for the client and the attorney. Designations for IRAs and retirement plans can be particularly complicated, especially after the SECURE Act. This article focuses on beneficiaries who don’t fall under the standard 10-year payout of the SECURE Act. Read on to learn more.
0 Comments March 6, 2021
Beneficiary designations can be deceptively simple. But their simplicity is sort of like an iceberg. Danger lurks beneath those tranquil waters, both for the client and the attorney. Designations for IRAs and retirement plans can be particularly complicated, especially after the SECURE Act. This article focuses on beneficiaries who don’t fall under the standard 10-year payout of the SECURE Act. Read on to learn more.
Beneficiary Designations and the SECURE Act: Prior Designations
0 Comments March 4, 2021
Beneficiary designations can be deceptively simple. But their simplicity is sort of like an iceberg. Danger lurks beneath those tranquil waters, both for the client and the attorney. Designations for IRAs and retirement plans can be particularly complicated, especially after the SECURE Act. This article examines how beneficiary designations done prior to the SECURE Act might not have the intended consequences today. Read on to learn more.
0 Comments March 4, 2021
Beneficiary designations can be deceptively simple. But their simplicity is sort of like an iceberg. Danger lurks beneath those tranquil waters, both for the client and the attorney. Designations for IRAs and retirement plans can be particularly complicated, especially after the SECURE Act. This article examines how beneficiary designations done prior to the SECURE Act might not have the intended consequences today. Read on to learn more.
Beneficiary Designations and the SECURE Act Basics
0 Comments March 2, 2021
Beneficiary designations can be deceptively simple. But their simplicity is sort of like an iceberg. Danger lurks beneath those tranquil waters, both for the client and the attorney. Designations for IRAs and retirement plans can be particularly complicated, especially after the SECURE Act. This article focuses on the basics of the SECURE Act. Read on to learn more.
0 Comments March 2, 2021
Beneficiary designations can be deceptively simple. But their simplicity is sort of like an iceberg. Danger lurks beneath those tranquil waters, both for the client and the attorney. Designations for IRAs and retirement plans can be particularly complicated, especially after the SECURE Act. This article focuses on the basics of the SECURE Act. Read on to learn more.
Getting it right when Disinheriting an Heir
0 Comments February 23, 2021
Occasionally I work with an estate planning client who wants to disinherit an heir. They’ve heard there is a trick to doing this correctly — and there is, but often not for the reason people expect. The truth is, in North Carolina, no one has a right to inherit anything […]
0 Comments February 23, 2021
Occasionally I work with an estate planning client who wants to disinherit an heir. They’ve heard there is a trick to doing this correctly — and there is, but often not for the reason people expect. The truth is, in North Carolina, no one has a right to inherit anything […]
Asserting Control and Exercising Care over Multigenerational Wealth
0 Comments February 18, 2021
What’s a “Dynasty Trust?” Such a trust is one that continues for the maximum term possible. There can be estate tax advantages to such a trust. Read on to learn more.
0 Comments February 18, 2021
What’s a “Dynasty Trust?” Such a trust is one that continues for the maximum term possible. There can be estate tax advantages to such a trust. Read on to learn more.
Are You and Your Parents Safe from Financial Predators?
0 Comments February 16, 2021
Many of my clients and the adult children of my clients spend a considerable amount of time and energy worrying about their aging parents. As we age, we become more likely to make errors, and that propensity makes us vulnerable to financial exploitation. This risk is one reason that at […]
0 Comments February 16, 2021
Many of my clients and the adult children of my clients spend a considerable amount of time and energy worrying about their aging parents. As we age, we become more likely to make errors, and that propensity makes us vulnerable to financial exploitation. This risk is one reason that at […]
Let’s Get it Right for Problem Beneficiaries — The Addict
0 Comments February 11, 2021
Humanity. Passion, emotion and imperfection personified. Sometimes, our family members can be a mess, or a mess waiting to happen. That doesn’t mean we don’t love them and doesn’t mean we want to write them out of our Wills. It means that when we do estate planning, we may be […]
0 Comments February 11, 2021
Humanity. Passion, emotion and imperfection personified. Sometimes, our family members can be a mess, or a mess waiting to happen. That doesn’t mean we don’t love them and doesn’t mean we want to write them out of our Wills. It means that when we do estate planning, we may be […]
The Whole Point of doing a Will is to Get it Right and Know you Got it Right
0 Comments February 9, 2021
I fairly often meet with someone who has done or attempted to do a do it yourself Will and wants me to tell them if it looks like they got it right. I think these people are really on to something. That is the question: did i get it right? […]
0 Comments February 9, 2021
I fairly often meet with someone who has done or attempted to do a do it yourself Will and wants me to tell them if it looks like they got it right. I think these people are really on to something. That is the question: did i get it right? […]
Bacteria Found in Gum Disease May Lead to Alzheimer’s
0 Comments February 6, 2021
I had an appointment for a regular dental check-up scheduled for this past week which I cancelled. It seemed to me as if an hour in the dentist’s chair wasn’t the best place to be during a raging pandemic. I haven’t been having any problems with my teeth or gums […]
0 Comments February 6, 2021
I had an appointment for a regular dental check-up scheduled for this past week which I cancelled. It seemed to me as if an hour in the dentist’s chair wasn’t the best place to be during a raging pandemic. I haven’t been having any problems with my teeth or gums […]
The Unique Benefits of Establishing an Irrevocable Trust
0 Comments February 4, 2021
Almost all of my clients incorporate a revocable living trust as one part of their estate planning. I am often asked questions which have a trust based solution, but which call for an irrevocable trust in addition to a revocable living trust. This post summarizes, in broad terms, when such […]
0 Comments February 4, 2021
Almost all of my clients incorporate a revocable living trust as one part of their estate planning. I am often asked questions which have a trust based solution, but which call for an irrevocable trust in addition to a revocable living trust. This post summarizes, in broad terms, when such […]
Estate Planning Always Starts with a Question. Make Sure it’s the Right One.
0 Comments February 2, 2021
Everyone needs a Last Will and Testament. But what kind of Will do you need? A good one. How do you know when you have a good one? When you are certain it fulfills your goals. And how do you define your goals? By knowing your wishes, understanding your options, […]
0 Comments February 2, 2021
Everyone needs a Last Will and Testament. But what kind of Will do you need? A good one. How do you know when you have a good one? When you are certain it fulfills your goals. And how do you define your goals? By knowing your wishes, understanding your options, […]
How Can I Keep My Estate Plan Private?
0 Comments January 30, 2021
I find that some of my clients feel it is important to share the details of their estate plan with loved ones; however, others prefer to keep those details private. Even those clients who decide to share the details with loved ones may not want those details to be available […]
0 Comments January 30, 2021
I find that some of my clients feel it is important to share the details of their estate plan with loved ones; however, others prefer to keep those details private. Even those clients who decide to share the details with loved ones may not want those details to be available […]
Seven Steps to Prepare for your Own Long-Term Care
0 Comments January 28, 2021
I start any discussion of estate planning by emphasizing that it is just as much about planning for the possibility of your incapacity as it is the certainty of your death. When it comes to planning for incapacity, I like to divide this into three categories: (1) what are your […]
0 Comments January 28, 2021
I start any discussion of estate planning by emphasizing that it is just as much about planning for the possibility of your incapacity as it is the certainty of your death. When it comes to planning for incapacity, I like to divide this into three categories: (1) what are your […]
How to Protect your Beneficiaries from Bad Choices and Bad Luck
0 Comments January 26, 2021
Many of my clients want to use a trust to manage and distribute their estate assets; however, they also want to make sure those assets are protected even after they reach their intended beneficiaries. One estate planning tool that can be used to accomplish both goals is the use of […]
0 Comments January 26, 2021
Many of my clients want to use a trust to manage and distribute their estate assets; however, they also want to make sure those assets are protected even after they reach their intended beneficiaries. One estate planning tool that can be used to accomplish both goals is the use of […]
Keeping Things Right in Your Estate Plan: How Life Changes may Prompt Plan Changes
0 Comments January 19, 2021
Estate Planning begins with defining your goals, understanding the steps necessary to establish a plan fulfilling those goals, and then putting that planning in place. These are the elements of “getting it right”. But what about keeping it right?Once my clients have an estate plan in place, they frequently ask […]
0 Comments January 19, 2021
Estate Planning begins with defining your goals, understanding the steps necessary to establish a plan fulfilling those goals, and then putting that planning in place. These are the elements of “getting it right”. But what about keeping it right?Once my clients have an estate plan in place, they frequently ask […]
Getting it Right for your Unmarried Partner: Key Estate Planning Strategies.
0 Comments January 13, 2021
I often consult with unmarried couples who are deeply committed to each other yet have made the decision not to marry now – or perhaps never to marry. If you are part of an unmarried couple, estate planning takes on heightened importance for you because the reality is that the […]
0 Comments January 13, 2021
I often consult with unmarried couples who are deeply committed to each other yet have made the decision not to marry now – or perhaps never to marry. If you are part of an unmarried couple, estate planning takes on heightened importance for you because the reality is that the […]
Getting Things Right with Long-Term Care Insurance.
0 Comments January 9, 2021
When I discuss estate planning with clients I try and explain the importance of planning for the cost of long-term care within their estate plan. The cost of long-term care could put your estate assets at risk if you failed to plan for the possibility ahead of time. One option […]
0 Comments January 9, 2021
When I discuss estate planning with clients I try and explain the importance of planning for the cost of long-term care within their estate plan. The cost of long-term care could put your estate assets at risk if you failed to plan for the possibility ahead of time. One option […]
Important Estate Plan Updates for a Surviving Spouse
0 Comments January 5, 2021
For my clients, the loss of a spouse is one of the most emotional experiences they will ever go through. The last thing they usually want to think about while grieving the loss of a spouse is something as seemingly disconnected from their grief as updating their own estate plan. […]
0 Comments January 5, 2021
For my clients, the loss of a spouse is one of the most emotional experiences they will ever go through. The last thing they usually want to think about while grieving the loss of a spouse is something as seemingly disconnected from their grief as updating their own estate plan. […]
Trust Administration Explained
0 Comments October 6, 2020
When the Estate Planning Attorneys at Clarity Legal Group work with clients to create an estate plan, we always begin with listening to the client’s particular goals and concerns so we can tailor the plan to the unique needs of the client. We do a lot of planning built around […]
0 Comments October 6, 2020
When the Estate Planning Attorneys at Clarity Legal Group work with clients to create an estate plan, we always begin with listening to the client’s particular goals and concerns so we can tailor the plan to the unique needs of the client. We do a lot of planning built around […]
Succession Planning for Your Family Business
0 Comments July 23, 2020
Small business ownership is on the rise once again in America. That means I have more clients who come to me with a family business they want to protect as part of their estate plan. The most important advice I give those clients is to stress the need for succession […]
0 Comments July 23, 2020
Small business ownership is on the rise once again in America. That means I have more clients who come to me with a family business they want to protect as part of their estate plan. The most important advice I give those clients is to stress the need for succession […]
Families Gather in Novel Ways in Pandemic
0 Comments May 25, 2020
COVID-19, the novel coronavirus, has been a challenge confronting countries around the world. The disruptions from the social distancing required to fight the virus have been felt by people around the world. As we mark passing holidays, we reflect on the importance of family. Learn how to share time with […]
0 Comments May 25, 2020
COVID-19, the novel coronavirus, has been a challenge confronting countries around the world. The disruptions from the social distancing required to fight the virus have been felt by people around the world. As we mark passing holidays, we reflect on the importance of family. Learn how to share time with […]
Introducing Our 5-Day Rocket Process
0 Comments March 27, 2020
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 […]
0 Comments March 27, 2020
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 […]
How Does the Coronavirus Impact your Need to do Estate Planning?
0 Comments March 10, 2020
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 […]
0 Comments March 10, 2020
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 […]
What If I Don’t Want to Be the Executor?
0 Comments March 5, 2020
When a loved one passes away, one of the first things people typically do is to look for a Last Will and Testament. One reason they do that is because if the decedent left behind a valid Will, that document will indicate who the decedent appointed to serve as the […]
0 Comments March 5, 2020
When a loved one passes away, one of the first things people typically do is to look for a Last Will and Testament. One reason they do that is because if the decedent left behind a valid Will, that document will indicate who the decedent appointed to serve as the […]
How Do I Know If I Need to Probate My Mother’s Estate?
0 Comments March 3, 2020
The loss of a parent, at any age, is not an easy thing to go through. If you are an adult child at the time, your grief may need to be reined in if you are also responsible for administering your mother’s estate. One of the first decisions you must […]
0 Comments March 3, 2020
The loss of a parent, at any age, is not an easy thing to go through. If you are an adult child at the time, your grief may need to be reined in if you are also responsible for administering your mother’s estate. One of the first decisions you must […]
What Is a Durable Power of Attorney?
0 Comments February 25, 2020
A comprehensive estate plan includes more than just a Will. You need a broad set of legal documents and organizational approaches in order to cover all of the necessary bases. A lot of estate planning is about management and control of your assets, and not just at your death. A […]
0 Comments February 25, 2020
A comprehensive estate plan includes more than just a Will. You need a broad set of legal documents and organizational approaches in order to cover all of the necessary bases. A lot of estate planning is about management and control of your assets, and not just at your death. A […]
Are You Eligible for Medicaid If You Own a House?
0 Comments February 20, 2020
I addressed the differences between Medicare and Medicaid as well as introducing some basics of Medicaid Planning in my blog post earlier this week. Today, I want to talk about the biggest mistake I see for children making when helping a parent begin the process of qualifying for Medicaid: […]
0 Comments February 20, 2020
I addressed the differences between Medicare and Medicaid as well as introducing some basics of Medicaid Planning in my blog post earlier this week. Today, I want to talk about the biggest mistake I see for children making when helping a parent begin the process of qualifying for Medicaid: […]
What Is the Difference between Medicare and Medicaid?
0 Comments February 18, 2020
I often have clients ask me about the difference between Medicare and Medicaid. Although most of them have heard of both programs, they may never have needed to rely on them until they reach retirement age. Unfortunately, waiting until you need to qualify for Medicaid, in particular, can put your […]
0 Comments February 18, 2020
I often have clients ask me about the difference between Medicare and Medicaid. Although most of them have heard of both programs, they may never have needed to rely on them until they reach retirement age. Unfortunately, waiting until you need to qualify for Medicaid, in particular, can put your […]
Are There Alternatives for Managing Property When Someone becomes Incapacitated?
0 Comments February 11, 2020
Estate planning, when done properly, accomplishes more than just planning for the division of your property after you are gone. In fact, I always stress to my clients the importance of planning for the possibility of their own incapacity as well. As an estate planning attorney, I have seen firsthand […]
0 Comments February 11, 2020
Estate planning, when done properly, accomplishes more than just planning for the division of your property after you are gone. In fact, I always stress to my clients the importance of planning for the possibility of their own incapacity as well. As an estate planning attorney, I have seen firsthand […]
Estate Planning Conference Discusses SECURE Act and More
0 Comments February 8, 2020
The Heckerling conference, the largest conference for Estate Planning in the country, occurred last week in Orlando, FL. Many of the thought leaders in Estate Planning and Elder Law got together and discussed recent developments and new strategies. The SECURE Act was the biggest topic this time. Read on to learn more.
0 Comments February 8, 2020
The Heckerling conference, the largest conference for Estate Planning in the country, occurred last week in Orlando, FL. Many of the thought leaders in Estate Planning and Elder Law got together and discussed recent developments and new strategies. The SECURE Act was the biggest topic this time. Read on to learn more.
The SECURE Act and What It Means for You
0 Comments February 6, 2020
The SECURE Act passed in late December. The SECURE Act changes some lifetime rules, but the biggest change concerns rules for beneficiaries. Read on to learn more.
0 Comments February 6, 2020
The SECURE Act passed in late December. The SECURE Act changes some lifetime rules, but the biggest change concerns rules for beneficiaries. Read on to learn more.
Can Life Insurance Be Paid to a Trust?
0 Comments February 4, 2020
A lot of our estate planning clients at Clarity Legal Group® maintain life insurance as part of their financial planning and their estate planning. The need for insurance changes as your life changes, and so there is no “general” advice about whether you need insurance or how much you need […]
0 Comments February 4, 2020
A lot of our estate planning clients at Clarity Legal Group® maintain life insurance as part of their financial planning and their estate planning. The need for insurance changes as your life changes, and so there is no “general” advice about whether you need insurance or how much you need […]
Using an Asset Protection Trust as part of your Estate Plan?
0 Comments January 28, 2020
You have worked hard to build you savings and wealth. Having a comfortable financial cushion is an important way to protect those you love. But what about after you’re gone? It is challenging and can be quite expensive for you to protect your assets during your life so that you […]
0 Comments January 28, 2020
You have worked hard to build you savings and wealth. Having a comfortable financial cushion is an important way to protect those you love. But what about after you’re gone? It is challenging and can be quite expensive for you to protect your assets during your life so that you […]
Who Should Manage My Child’s Inheritance?
0 Comments January 25, 2020
If you are the parent of a young child, your child’s financial security is probably a primary goal within your estate plan. Knowing that your child will be well cared for if something happens to you provides invaluable peace of mind to a parent. As a minor though, your child […]
0 Comments January 25, 2020
If you are the parent of a young child, your child’s financial security is probably a primary goal within your estate plan. Knowing that your child will be well cared for if something happens to you provides invaluable peace of mind to a parent. As a minor though, your child […]
My Loved One Just Passed Away. What Steps Do I Need to Take?
0 Comments January 21, 2020
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 […]
0 Comments January 21, 2020
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 […]
Are You Cohabiting? If So, Estate Planning Is Essential
0 Comments January 14, 2020
Once upon a time, living together outside the bounds of matrimony was considered scandalous. Today, however, more and more couples are choosing to cohabit prior to, or in lieu of, marriage. If you are one of those couples and live in Raleigh, Durham, Cary, Chapel Hill or surrounding areas, an […]
0 Comments January 14, 2020
Once upon a time, living together outside the bounds of matrimony was considered scandalous. Today, however, more and more couples are choosing to cohabit prior to, or in lieu of, marriage. If you are one of those couples and live in Raleigh, Durham, Cary, Chapel Hill or surrounding areas, an […]
A Strong Estate Planning Law Firm Helps you Handle Life’s Curves
0 Comments January 11, 2020
This morning was so nice, I did my stretching outside on the back porch. It felt like spring — in January. Our Labrador Sofie and I then headed out for a walk. The sun was shining. Two blocks later, we were in a pretty strong rain shower. Again, spring showers, […]
0 Comments January 11, 2020
This morning was so nice, I did my stretching outside on the back porch. It felt like spring — in January. Our Labrador Sofie and I then headed out for a walk. The sun was shining. Two blocks later, we were in a pretty strong rain shower. Again, spring showers, […]
The Ultimate Caregiver Guide
0 Comments October 29, 2019
I remember sitting alone with my mother in her hospital room after a major surgery and doing what I could to help. During one groggy semi-conscious moment, she said “I never thought you’d be any good at this”. I think she was saying she thought I was doing a good […]
0 Comments October 29, 2019
I remember sitting alone with my mother in her hospital room after a major surgery and doing what I could to help. During one groggy semi-conscious moment, she said “I never thought you’d be any good at this”. I think she was saying she thought I was doing a good […]
Understanding the Types of Special Needs Trusts
0 Comments October 26, 2019
If you wish to make a gift of assets to someone with special needs, care must be taken as to how you do this. You might do more harm than good. The same is true if a beneficiary with special needs receives assets from a third party other than you. […]
0 Comments October 26, 2019
If you wish to make a gift of assets to someone with special needs, care must be taken as to how you do this. You might do more harm than good. The same is true if a beneficiary with special needs receives assets from a third party other than you. […]
5 Things You Need to Do Immediately If You Are the Executor
0 Comments June 6, 2019
The time period immediately following the loss of a loved one is often filled with heightened emotions and confusion. Understandably, the last thing most people want to think about during this time period are the legal ramifications of the decedent’s death. If, however, the decedent named you as the Executor […]
0 Comments June 6, 2019
The time period immediately following the loss of a loved one is often filled with heightened emotions and confusion. Understandably, the last thing most people want to think about during this time period are the legal ramifications of the decedent’s death. If, however, the decedent named you as the Executor […]
Why You Need to Update Your Estate Plan after a Divorce
0 Comments June 4, 2019
Going through a divorce is never easy. On the contrary, even the most amicable divorce typically causes increased stress and anxiety. It comes as no surprise then that updating your estate plan is probably not at the forefront of your mind if you recently went through a divorce. While that […]
0 Comments June 4, 2019
Going through a divorce is never easy. On the contrary, even the most amicable divorce typically causes increased stress and anxiety. It comes as no surprise then that updating your estate plan is probably not at the forefront of your mind if you recently went through a divorce. While that […]
New Tax Proposal re: Retirement Savings
0 Comments June 3, 2019
There are new tax proposals working their way through the House and Senate. These proposals, if passed, would change retirement savings significantly. Read on to learn more about these proposals and whether they might impact you or your clients.
0 Comments June 3, 2019
There are new tax proposals working their way through the House and Senate. These proposals, if passed, would change retirement savings significantly. Read on to learn more about these proposals and whether they might impact you or your clients.
How to Pick Your Trustee
0 Comments May 28, 2019
As both your estate and your family grow, the need for a more comprehensive estate plan will likely be clear. When you decide to improve your existing estate plan, additional estate planning tools and strategies may need to be considered and ultimately added to your existing plan. At Clarity Legal […]
0 Comments May 28, 2019
As both your estate and your family grow, the need for a more comprehensive estate plan will likely be clear. When you decide to improve your existing estate plan, additional estate planning tools and strategies may need to be considered and ultimately added to your existing plan. At Clarity Legal […]
Beneficiary Designations, etc., Aren’t a True Substitute for a Trust
0 Comments April 9, 2019
TOD / POD, beneficiary designations, and joint tenancy can be simple ways to transfer assets at death. However, these simple methods lack some of the benefits of a trust. Read on to learn more.
0 Comments April 9, 2019
TOD / POD, beneficiary designations, and joint tenancy can be simple ways to transfer assets at death. However, these simple methods lack some of the benefits of a trust. Read on to learn more.
How Can I Use a Trust to Protect My Minor Child’s Inheritance?
0 Comments February 12, 2019
Little in life is as simple as we hope or imagine. Having spent most of my legal career working in the estate planning field, I am still surprised by the little ways that a failure to plan can defeat the language in a legal document. Some people have legal documents, […]
0 Comments February 12, 2019
Little in life is as simple as we hope or imagine. Having spent most of my legal career working in the estate planning field, I am still surprised by the little ways that a failure to plan can defeat the language in a legal document. Some people have legal documents, […]
Planning to Avoid Too Much SALT
0 Comments February 9, 2019
The new tax law brought a cap of $10,000 on federal deduction for state and local taxes. People are trying different ways to get around the cap. Some of the ways work and others could land you in hot water. Read the article to find out more.
0 Comments February 9, 2019
The new tax law brought a cap of $10,000 on federal deduction for state and local taxes. People are trying different ways to get around the cap. Some of the ways work and others could land you in hot water. Read the article to find out more.
Why an Executor Should Hire a Probate Lawyer
0 Comments February 5, 2019
My most recent posts have focused on the importance of probate avoidance and what approaches might best accomplish this important estate planning goal. Of course, a lot of people don’t get to this step of planning, and some people establish a probate avoidance plan and the plan falls out of […]
0 Comments February 5, 2019
My most recent posts have focused on the importance of probate avoidance and what approaches might best accomplish this important estate planning goal. Of course, a lot of people don’t get to this step of planning, and some people establish a probate avoidance plan and the plan falls out of […]
You Never Know: Planning for the Unexpected
0 Comments February 2, 2019
This article examines the deaths of two people who died from doing very typical things. You never know what risks might be around the corner, even in seemingly safe endeavors, so you should be prepared. The article looks at the elements of a basic plan.
0 Comments February 2, 2019
This article examines the deaths of two people who died from doing very typical things. You never know what risks might be around the corner, even in seemingly safe endeavors, so you should be prepared. The article looks at the elements of a basic plan.
What is a Revocable Living Trust?
0 Comments January 31, 2019
I’ve talked about probate avoidance in my last two blogs. Among other things, I mentioned that I thought a revocable living trust was the best probate avoidance tool. In truth, there are a number of other important a valuable roles the living trust plays in good estate planning. A revocable living […]
0 Comments January 31, 2019
I’ve talked about probate avoidance in my last two blogs. Among other things, I mentioned that I thought a revocable living trust was the best probate avoidance tool. In truth, there are a number of other important a valuable roles the living trust plays in good estate planning. A revocable living […]
What are Some of the Different Ways to Avoid Probate?
0 Comments January 29, 2019
I talked in my last blog about the reasons you should consider probate avoidance as part of your estate planning. Today I am going to review some of the dos and don’ts of putting a probate avoidance plan into place.If you are interested in finding ways to avoid probate, the […]
0 Comments January 29, 2019
I talked in my last blog about the reasons you should consider probate avoidance as part of your estate planning. Today I am going to review some of the dos and don’ts of putting a probate avoidance plan into place.If you are interested in finding ways to avoid probate, the […]
Why Avoid Probate?
0 Comments January 26, 2019
At Clarity Legal Group®, we have a lot of conversations with our clients about probate avoidance. This is really about organizing the ownership of your assets in a way which considers your goals and the most efficient way to manage the transfer of those assets upon your death. Estate planning, […]
0 Comments January 26, 2019
At Clarity Legal Group®, we have a lot of conversations with our clients about probate avoidance. This is really about organizing the ownership of your assets in a way which considers your goals and the most efficient way to manage the transfer of those assets upon your death. Estate planning, […]
When Should I Update My Estate Plan?
0 Comments October 30, 2018
Creating a comprehensive estate plan which addresses all of your goals and creates the tools and organizational structure you need is one of the best gifts you can give to yourself and to your loved ones. If you have an estate plan in place, do not make the mistake of […]
0 Comments October 30, 2018
Creating a comprehensive estate plan which addresses all of your goals and creates the tools and organizational structure you need is one of the best gifts you can give to yourself and to your loved ones. If you have an estate plan in place, do not make the mistake of […]
5 Things You Need to Know about Qualifying for Medicaid As a Senior
0 Comments October 4, 2018
Like many people, you may have been fortunate enough to make it through your entire working years covered by employer-sponsored or privately funded health insurance. Consequently, you had no need to qualify for Medicaid. As a senior, however, there is a good chance that might change, and if you are […]
0 Comments October 4, 2018
Like many people, you may have been fortunate enough to make it through your entire working years covered by employer-sponsored or privately funded health insurance. Consequently, you had no need to qualify for Medicaid. As a senior, however, there is a good chance that might change, and if you are […]
What to Know Before Agreeing to be a Trust Administrator
0 Comments October 2, 2018
In August, the Trust and Estate Lawyers of Clarity Legal Group® held our first Fiduciary School for individuals named as future Trustees, Executors, and Agents under General or Health Care Powers of Attorney. I had long want to address this important gap in the efficient administration of our client’s affairs […]
0 Comments October 2, 2018
In August, the Trust and Estate Lawyers of Clarity Legal Group® held our first Fiduciary School for individuals named as future Trustees, Executors, and Agents under General or Health Care Powers of Attorney. I had long want to address this important gap in the efficient administration of our client’s affairs […]
Estate Planning Attorneys Offer Counselling about IRAs
0 Comments September 27, 2018
Saving for retirement is important and estate planning and elder law attorneys can provide the help that you need to ensure you have financial security during your golden years. One of the best ways to make sure you have saved enough for retirement is to invest regularly in IRAs, 401(k)s, 403(b)s […]
0 Comments September 27, 2018
Saving for retirement is important and estate planning and elder law attorneys can provide the help that you need to ensure you have financial security during your golden years. One of the best ways to make sure you have saved enough for retirement is to invest regularly in IRAs, 401(k)s, 403(b)s […]
North Carolina Nursing Homes Could be Kicked Out of the Medicare Program
0 Comments September 15, 2018
The Medicaid lawyers of Clarity Legal Group®, serving Raleigh, Durham, Cary, Chapel Hill and surrounding areas, help seniors to make certain they can pay for nursing home care. In most cases, nursing home care has to be paid for by Medicaid because Medicare won’t cover it. Medicare only pays for skilled nursing care […]
0 Comments September 15, 2018
The Medicaid lawyers of Clarity Legal Group®, serving Raleigh, Durham, Cary, Chapel Hill and surrounding areas, help seniors to make certain they can pay for nursing home care. In most cases, nursing home care has to be paid for by Medicaid because Medicare won’t cover it. Medicare only pays for skilled nursing care […]
What Happens to Your Assets if You Don’t Make an Estate Plan?
0 Comments September 6, 2018
Chapel Hill estate planning lawyers can provide personalized help and support in making sure you control what happens to your legacy. It’s imperative that you ensure you have made plans in advance for your money and property so you can control what happens to your wealth after you pass on. The […]
0 Comments September 6, 2018
Chapel Hill estate planning lawyers can provide personalized help and support in making sure you control what happens to your legacy. It’s imperative that you ensure you have made plans in advance for your money and property so you can control what happens to your wealth after you pass on. The […]
How Trust Lawyers Help Trust Beneficiaries in the Triangle
0 Comments September 4, 2018
The trust lawyers at Clarity Legal Group® will work closely with you as you plan your legacy so that we can help you facilitate the transfer of assets via trust. Transferring money and property via a trust can help your heirs or beneficiaries by making it faster, easier, and less expensive for […]
0 Comments September 4, 2018
The trust lawyers at Clarity Legal Group® will work closely with you as you plan your legacy so that we can help you facilitate the transfer of assets via trust. Transferring money and property via a trust can help your heirs or beneficiaries by making it faster, easier, and less expensive for […]
Your Trust Administration Checklist
0 Comments August 16, 2018
If you have been put in charge of the trust administration process to settle an estate involving a living trust, this trust administration checklist can help you. There is a lot of responsibility that is involved in administering a trust and you need to ensure that you have done the necessary […]
0 Comments August 16, 2018
If you have been put in charge of the trust administration process to settle an estate involving a living trust, this trust administration checklist can help you. There is a lot of responsibility that is involved in administering a trust and you need to ensure that you have done the necessary […]
What is Considered a Countable Asset for Medicaid?
0 Comments August 7, 2018
If you are getting older, it is important that you have a plan for paying for your care should you end up suffering from age related disabilities. Do you have the resources to self pay for home care or skilled nursing care should your family be unable to care for […]
0 Comments August 7, 2018
If you are getting older, it is important that you have a plan for paying for your care should you end up suffering from age related disabilities. Do you have the resources to self pay for home care or skilled nursing care should your family be unable to care for […]
Planning for Frequent Flyer Miles
0 Comments August 4, 2018
This article examines the transfer of frequent flyer mile accounts to beneficiaries. It looks at Anthony Bourdain’s will and its disposition of his miles. The article points out that these are contractual rights and you may or may not be able to transfer them at death.
0 Comments August 4, 2018
This article examines the transfer of frequent flyer mile accounts to beneficiaries. It looks at Anthony Bourdain’s will and its disposition of his miles. The article points out that these are contractual rights and you may or may not be able to transfer them at death.
Should You Talk With Your Loved Ones About Estate Planning?
0 Comments July 26, 2018
The Durham area estate planning attorneys at Clarity Legal Group® can help you to put together a comprehensive estate plan. One of the issues that often comes up during the estate planning process is a question of how involved family members should be as you make your decisions. For example, while husbands and […]
0 Comments July 26, 2018
The Durham area estate planning attorneys at Clarity Legal Group® can help you to put together a comprehensive estate plan. One of the issues that often comes up during the estate planning process is a question of how involved family members should be as you make your decisions. For example, while husbands and […]
What to Do About Leaving Money to an Heir Who is Financially Irresponsible
0 Comments July 24, 2018
An experienced estate planning attorney can help you make plans to thoughtfully provide for the people you care about. Sometimes this means more than simply accounting for who will inherit from you. You need to think about how they will receive what you leave them. Estate planning presents the opportunity […]
0 Comments July 24, 2018
An experienced estate planning attorney can help you make plans to thoughtfully provide for the people you care about. Sometimes this means more than simply accounting for who will inherit from you. You need to think about how they will receive what you leave them. Estate planning presents the opportunity […]
Planning for the International Client
0 Comments July 2, 2018
Estate planning for the international client can be tricky. This article looks at the estate tax treatment of U.S. citizens and non-resident aliens. The article then looks at an example of someone who lived in the U.S. and then departed.
0 Comments July 2, 2018
Estate planning for the international client can be tricky. This article looks at the estate tax treatment of U.S. citizens and non-resident aliens. The article then looks at an example of someone who lived in the U.S. and then departed.
Medicaid Pilot Program Helps North Carolina Residents
0 Comments June 14, 2018
The Elder Law Attorneys of Clarity Legal Group® are pleased to be presenting at the Triangle Caregivers Conference in Durham todayMillions of Americans function as family caregivers for loved ones. This is one of the most challenging and difficult phases of anyone’s life. At Clarity Legal Group®, we think there […]
0 Comments June 14, 2018
The Elder Law Attorneys of Clarity Legal Group® are pleased to be presenting at the Triangle Caregivers Conference in Durham todayMillions of Americans function as family caregivers for loved ones. This is one of the most challenging and difficult phases of anyone’s life. At Clarity Legal Group®, we think there […]
How a Chapel Hill Living Trust Attorney Helps You Plan for Incapacity
0 Comments May 29, 2018
A Chapel Hill living trust attorney can provide you with help making an incapacity plan. There are many tools that could be a part of this plan, but living trusts can be especially helpful in ensuring that you are prepared if you become incapacitated. At Clarity Legal Group® we work closely with you to […]
0 Comments May 29, 2018
A Chapel Hill living trust attorney can provide you with help making an incapacity plan. There are many tools that could be a part of this plan, but living trusts can be especially helpful in ensuring that you are prepared if you become incapacitated. At Clarity Legal Group® we work closely with you to […]
6 Important Estate Planning Considerations – Part 2: Long-Term Care
0 Comments May 24, 2018
Many considerations must be addressed in an estate plan, not just who gets whatever’s left after your death. Long-Term Care expenses are an ever-increasing concern. Your estate plan should consider how those expenses would get paid. This article looks at several ways to plan for those expenses.
0 Comments May 24, 2018
Many considerations must be addressed in an estate plan, not just who gets whatever’s left after your death. Long-Term Care expenses are an ever-increasing concern. Your estate plan should consider how those expenses would get paid. This article looks at several ways to plan for those expenses.
Trust Administration is a More Private Way to Transfer Wealth
0 Comments May 22, 2018
The trust administration process is a preferred way of transferring wealth after a death occurs. One of the many valuable features of planning with a Living Trust is the privacy made possible through this planning technique. This privacy is available only if you have organized the management of your affairs through […]
0 Comments May 22, 2018
The trust administration process is a preferred way of transferring wealth after a death occurs. One of the many valuable features of planning with a Living Trust is the privacy made possible through this planning technique. This privacy is available only if you have organized the management of your affairs through […]
Key Things a Chapel Hill Medicaid Attorney Wants You to Know
0 Comments May 19, 2018
The Chapel Hill Medicaid attorneys at Clarity Legal Group® can provide you with very important help through a carefully crafted Medicaid plan which will protect your assets while ensuring your eligbility for Medicaid without penalty. Many people do not realize that Medicare does not pay for long term care. Instead, […]
0 Comments May 19, 2018
The Chapel Hill Medicaid attorneys at Clarity Legal Group® can provide you with very important help through a carefully crafted Medicaid plan which will protect your assets while ensuring your eligbility for Medicaid without penalty. Many people do not realize that Medicare does not pay for long term care. Instead, […]
Durham Estate Planning Attorneys Explain Benefits of Advanced Directives
0 Comments May 11, 2018
Durham and Chapel Hill estate planning attorneys don’t just help you make a will — they help you to prepare for the future. This includes thoughtfully considering what could occur if you suffer a serious medical emergency, such as an unexpected injury or a grave illness. Sometimes, injuries and illnesses happen […]
0 Comments May 11, 2018
Durham and Chapel Hill estate planning attorneys don’t just help you make a will — they help you to prepare for the future. This includes thoughtfully considering what could occur if you suffer a serious medical emergency, such as an unexpected injury or a grave illness. Sometimes, injuries and illnesses happen […]
6 Important Estate Planning Considerations – Part 1: Incapacity
0 Comments May 1, 2018
One of the most important considerations in an estate plan is incapacity planning. This article describes how an estate plan provides incapacity planning and the documents which may be used to accomplish that planning. It also looks at how having a plan in place may relieve stress during an emergency.
0 Comments May 1, 2018
One of the most important considerations in an estate plan is incapacity planning. This article describes how an estate plan provides incapacity planning and the documents which may be used to accomplish that planning. It also looks at how having a plan in place may relieve stress during an emergency.
What Executors Must Know About the Probate Process
0 Comments April 24, 2018
At Clarity Legal Group®, we build our estate planning around the goals of our clients. These goals can be very personal, but they almost always include making things easy for those who are left behind. Planning to avoid the court supervised process for administering estates known as probate is a […]
0 Comments April 24, 2018
At Clarity Legal Group®, we build our estate planning around the goals of our clients. These goals can be very personal, but they almost always include making things easy for those who are left behind. Planning to avoid the court supervised process for administering estates known as probate is a […]
Common Mistakes When Making a Will
0 Comments April 3, 2018
Estate planning attorneys help you to take control of your legacy. At Clarity Legal Group®, we want to ensure you have the chance to dictate what happens to the wealth you have worked so hard for during the course of your life. That’s why our legal team helps you to make effective […]
0 Comments April 3, 2018
Estate planning attorneys help you to take control of your legacy. At Clarity Legal Group®, we want to ensure you have the chance to dictate what happens to the wealth you have worked so hard for during the course of your life. That’s why our legal team helps you to make effective […]
What are the Biggest Risks to Your Assets?
0 Comments March 13, 2018
Asset protection lawyers at Clarity Legal Group® can help you evaluate the risks to your wealth and determine what steps you can take to keep your money and property as safe as possible. You work hard to build a nest egg hoping to provide for yourself as a senior and to […]
0 Comments March 13, 2018
Asset protection lawyers at Clarity Legal Group® can help you evaluate the risks to your wealth and determine what steps you can take to keep your money and property as safe as possible. You work hard to build a nest egg hoping to provide for yourself as a senior and to […]
Age-Related Retirement Milestones
0 Comments March 8, 2018
Retirement takes planning. This article includes milestone ages, such as when you must begin taking distributions from retirement plans. The article also includes links to resources which will be helpful in your retirement planning process.
0 Comments March 8, 2018
Retirement takes planning. This article includes milestone ages, such as when you must begin taking distributions from retirement plans. The article also includes links to resources which will be helpful in your retirement planning process.
Why work with a Trust Attorney when Creating a Living Trust?
0 Comments March 6, 2018
The Trust Attorneys at Clarity Legal Group® help residents of Durham, Chapel Hill, Raleigh, Cary, and surrounding areas plan for some of the most critical issues they face. Everybody needs an estate plan, but not everyone needs the same estate plan. Working with an experienced Trust Attorney can help ensure […]
0 Comments March 6, 2018
The Trust Attorneys at Clarity Legal Group® help residents of Durham, Chapel Hill, Raleigh, Cary, and surrounding areas plan for some of the most critical issues they face. Everybody needs an estate plan, but not everyone needs the same estate plan. Working with an experienced Trust Attorney can help ensure […]
Do Trust Lawyers Only Help Wealthy People?
0 Comments February 25, 2018
It’s a common mistake to think that trust lawyers offer help only to people who have a lot of money. Nothing could be further from the truth. There are many uses for and strategies behind trusts. The starting point is the use of a trust as an efficient and powerful […]
0 Comments February 25, 2018
It’s a common mistake to think that trust lawyers offer help only to people who have a lot of money. Nothing could be further from the truth. There are many uses for and strategies behind trusts. The starting point is the use of a trust as an efficient and powerful […]
Can Leaving an Equal Inheritance be unfair?
0 Comments February 20, 2018
What kind of legacy do you want to leave? You could do a lot worse than simply raising good children, helping with their education, and getting them to adulthood prepared for life. But what about after your death? How best do you plan for those you love? Estate planning lawyers […]
0 Comments February 20, 2018
What kind of legacy do you want to leave? You could do a lot worse than simply raising good children, helping with their education, and getting them to adulthood prepared for life. But what about after your death? How best do you plan for those you love? Estate planning lawyers […]
5 Ways Durham Chapel Hill Trust Attorneys Help You Protect Your Family
0 Comments February 6, 2018
The trust attorneys at Clarity Legal Group® will assist you in taking steps to protect the people you love. When you use tools like trusts as part of your incapacity and end of life plan or in planning for an ongoing legacy for your family, it pays to have experience […]
0 Comments February 6, 2018
The trust attorneys at Clarity Legal Group® will assist you in taking steps to protect the people you love. When you use tools like trusts as part of your incapacity and end of life plan or in planning for an ongoing legacy for your family, it pays to have experience […]
The Top Reasons for Avoiding Probate
0 Comments January 25, 2018
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 […]
0 Comments January 25, 2018
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 […]
The Steps Involved in Asset Protection
0 Comments January 23, 2018
The Research Triangle area asset protection attorneys at Clarity Legal Group® help you to ensure that the wealth you have worked so hard to acquire is not lost. If you are like most people, you want to do what you can to protect what you have, ensuring that your nest […]
0 Comments January 23, 2018
The Research Triangle area asset protection attorneys at Clarity Legal Group® help you to ensure that the wealth you have worked so hard to acquire is not lost. If you are like most people, you want to do what you can to protect what you have, ensuring that your nest […]
How Can Durham Area Elder Law Attorneys Help You Plan for Incapacity?
0 Comments January 16, 2018
The Raleigh, Durham and Chapel Hill area elder law attorneys at Clarity Legal Group® can provide you with invaluable help in planning ahead in case you become incapacitated. If you do not make advanced plans and have the misfortune of becoming unable to take care of yourself or make your […]
0 Comments January 16, 2018
The Raleigh, Durham and Chapel Hill area elder law attorneys at Clarity Legal Group® can provide you with invaluable help in planning ahead in case you become incapacitated. If you do not make advanced plans and have the misfortune of becoming unable to take care of yourself or make your […]
The Value of a Living Trust
0 Comments January 9, 2018
Living trust attorneys at Clarity Legal Group® can provide assistance in determining if a living trust is right for you and can help you with trust creation. Our attorneys also have significant experience updating and improving Living Trusts which having fallen out of sync with your goals, changes in the […]
0 Comments January 9, 2018
Living trust attorneys at Clarity Legal Group® can provide assistance in determining if a living trust is right for you and can help you with trust creation. Our attorneys also have significant experience updating and improving Living Trusts which having fallen out of sync with your goals, changes in the […]
How Medicaid Attorneys Help Plan for Nursing Home Care
0 Comments January 5, 2018
Medicaid attorneys at Clarity Legal Group®, serving Raleigh, Cary, Durham , Chapel Hill and surrounding areas, provide help affording the costs of nursing home care. The Genworth Cost of Care Survey details costs of different kinds of residential care you may require. A one-bedroom single occupancy unit in an assisted […]
0 Comments January 5, 2018
Medicaid attorneys at Clarity Legal Group®, serving Raleigh, Cary, Durham , Chapel Hill and surrounding areas, provide help affording the costs of nursing home care. The Genworth Cost of Care Survey details costs of different kinds of residential care you may require. A one-bedroom single occupancy unit in an assisted […]
Basics of Estate Planning: Lack of Coordination
0 Comments December 20, 2017
Perhaps the most common mistake in estate planning isn’t apparent by looking at the will or trust document itself. The most common mistake is a failure to coordinate the primary vehicle with the rest of the plan. Read this blog to learn more about this common mistake.
0 Comments December 20, 2017
Perhaps the most common mistake in estate planning isn’t apparent by looking at the will or trust document itself. The most common mistake is a failure to coordinate the primary vehicle with the rest of the plan. Read this blog to learn more about this common mistake.
5 Situations That Should Send you to An Estate Planning Attorney
0 Comments November 14, 2017
Our Durham estate planning attorneys at Clarity Legal Group® provide assistance with creating an estate plan and with updating your plan as your life changes. It is important to have a plan in place to protect yourself and your loved ones. While many people believe they can wait until they […]
0 Comments November 14, 2017
Our Durham estate planning attorneys at Clarity Legal Group® provide assistance with creating an estate plan and with updating your plan as your life changes. It is important to have a plan in place to protect yourself and your loved ones. While many people believe they can wait until they […]
Law in the U.S. can be Participatory
0 Comments October 1, 2017
In the United States, people can participate in making and changing the law. This article is a story of one woman who did just that.
0 Comments October 1, 2017
In the United States, people can participate in making and changing the law. This article is a story of one woman who did just that.
Is Probate Always Required?
0 Comments April 20, 2016
When you are making any type of important financial decision, you are going to do your research. This should extend to your estate planning efforts. You should understand all of your options with regard to asset transfer vehicles, and you should understand the advantages and disadvantages that go along with […]
0 Comments April 20, 2016
When you are making any type of important financial decision, you are going to do your research. This should extend to your estate planning efforts. You should understand all of your options with regard to asset transfer vehicles, and you should understand the advantages and disadvantages that go along with […]
How Can You Provide for Your Pet in Your Estate Plan?
0 Comments April 5, 2016
You may wonder if it is possible to provide for your pet in your estate plan. The answer is yes, there are steps that you can take to make sure that your pet is provided for, come what may.One way to include your pet in your estate plan would be […]
0 Comments April 5, 2016
You may wonder if it is possible to provide for your pet in your estate plan. The answer is yes, there are steps that you can take to make sure that your pet is provided for, come what may.One way to include your pet in your estate plan would be […]
When Might I Need an Elder Law Attorney?
0 Comments February 18, 2016
Elder law is a relatively new area of the law, having only recently evolved as an answer to the growing legal needs of the elderly population in the United States. Because it is a relatively new area of the law, many people are unsure what types of legal matters an […]
0 Comments February 18, 2016
Elder law is a relatively new area of the law, having only recently evolved as an answer to the growing legal needs of the elderly population in the United States. Because it is a relatively new area of the law, many people are unsure what types of legal matters an […]
I Was Appointed Executor of a Will of a Decedent. Now What?
0 Comments February 16, 2016
Did you recently find out you were appointed the Executor of a Last Will and Testament of someone who recently died? If so, and the appointment comes as a surprise, you are undoubtedly wondering what you are supposed to do now. Unfortunately, people frequently appointment someone as the Executor of […]
0 Comments February 16, 2016
Did you recently find out you were appointed the Executor of a Last Will and Testament of someone who recently died? If so, and the appointment comes as a surprise, you are undoubtedly wondering what you are supposed to do now. Unfortunately, people frequently appointment someone as the Executor of […]
Can’t I Just Save Money by Using a DIY Will?
0 Comments February 11, 2016
Like most people, you probably understand how important it is to have a comprehensive estate plan in place; however, you may not have gotten around to creating one despite knowing how important it is to have one. Is so, you are hardly alone. Surveys show that over half of all […]
0 Comments February 11, 2016
Like most people, you probably understand how important it is to have a comprehensive estate plan in place; however, you may not have gotten around to creating one despite knowing how important it is to have one. Is so, you are hardly alone. Surveys show that over half of all […]
North Carolina May Have to Repay $20 Million in Medicaid Reimbursements
0 Comments February 9, 2016
According to recent news reports, the State of North Carolina may have to repay a staggering $20 million in Medicaid reimbursements because of a retroactive rule change. For those of you who question the amount of money spent on Medicaid to begin with, be careful as there is a very […]
0 Comments February 9, 2016
According to recent news reports, the State of North Carolina may have to repay a staggering $20 million in Medicaid reimbursements because of a retroactive rule change. For those of you who question the amount of money spent on Medicaid to begin with, be careful as there is a very […]
How to Find the Right Estate Planning Attorney
0 Comments February 4, 2016
If you have yet to take the time to create your estate plan, you need to make the time to do so. Despite understanding the importance of estate planning, over half of all Americans do not have an estate plan in place. A comprehensive estate plan does more than simply […]
0 Comments February 4, 2016
If you have yet to take the time to create your estate plan, you need to make the time to do so. Despite understanding the importance of estate planning, over half of all Americans do not have an estate plan in place. A comprehensive estate plan does more than simply […]
How Is Legacy Planning Different from Estate Planning?
0 Comments February 2, 2016
Almost everyone has heard of estate planning – but have you heard of legacy planning? Legacy planning takes the concept of estate planning one step further, allowing you to incorporate your morals, beliefs and ideals into your comprehensive estate plan. Legacy planning also allows you to make a difference through […]
0 Comments February 2, 2016
Almost everyone has heard of estate planning – but have you heard of legacy planning? Legacy planning takes the concept of estate planning one step further, allowing you to incorporate your morals, beliefs and ideals into your comprehensive estate plan. Legacy planning also allows you to make a difference through […]
What Is Involved in Creating a Trust?
0 Comments January 28, 2016
For most people, a Last Will and Testament serves as the foundation of their comprehensive estate plan. Your Will, however, is rarely the sum total of your estate plan. Instead, it is usually the springboard from which other estate planning tools, documents, and strategies grow. Over the last several decades, […]
0 Comments January 28, 2016
For most people, a Last Will and Testament serves as the foundation of their comprehensive estate plan. Your Will, however, is rarely the sum total of your estate plan. Instead, it is usually the springboard from which other estate planning tools, documents, and strategies grow. Over the last several decades, […]
5 Power of Attorney Mistakes to Avoid
0 Comments January 26, 2016
Estate planning typically involves a number of tools and strategies, each aimed at achieving a different goal within the larger plan. One of the most commonly used estate planning tools is a Power of Attorney. When used properly, a Power of Attorney can accomplished, or help to accomplish several different […]
0 Comments January 26, 2016
Estate planning typically involves a number of tools and strategies, each aimed at achieving a different goal within the larger plan. One of the most commonly used estate planning tools is a Power of Attorney. When used properly, a Power of Attorney can accomplished, or help to accomplish several different […]
Gift and Estate Taxes – the Basics
0 Comments January 21, 2016
When you sit down to create your comprehensive estate plan one of the primary goals you will likely have is to create a plan that reduces your estate’s exposure to federal gift and estate taxes. The reason for this is simple – every dollar your estate must pay in gift […]
0 Comments January 21, 2016
When you sit down to create your comprehensive estate plan one of the primary goals you will likely have is to create a plan that reduces your estate’s exposure to federal gift and estate taxes. The reason for this is simple – every dollar your estate must pay in gift […]
Do You Need to Include Medicaid Planning in Your Estate Plan?
0 Comments January 19, 2016
Like most people, you have likely heard of Medicaid, though you may never have needed the benefits afforded by the Medicaid program during your working lifetime. What you may not realize, therefore, if the likelihood that you will need to qualify for Medicaid benefits during your retirement years. Qualifying for […]
0 Comments January 19, 2016
Like most people, you have likely heard of Medicaid, though you may never have needed the benefits afforded by the Medicaid program during your working lifetime. What you may not realize, therefore, if the likelihood that you will need to qualify for Medicaid benefits during your retirement years. Qualifying for […]
Retirement Planning: Consider Assisted Living Costs — Mark Costley
0 Comments November 18, 2015
Retirement planning can actually be a lot of fun as you envision what your life will be like after you put your working years behind you. If you like to travel, hike, play golf or tennis, there will be plenty of time for that. For some people, just getting to […]
0 Comments November 18, 2015
Retirement planning can actually be a lot of fun as you envision what your life will be like after you put your working years behind you. If you like to travel, hike, play golf or tennis, there will be plenty of time for that. For some people, just getting to […]
IRS Announces 2016 Estate Tax Adjustment
0 Comments November 10, 2015
In general these are good days for those of us who worry about the federal estate tax. The federal estate tax exclusion was raised to $5 million under the American Taxpayer Relief Act of 2012. The exclusion is the amount below which, you pay no death tax at the federal […]
0 Comments November 10, 2015
In general these are good days for those of us who worry about the federal estate tax. The federal estate tax exclusion was raised to $5 million under the American Taxpayer Relief Act of 2012. The exclusion is the amount below which, you pay no death tax at the federal […]
What Is Legacy Planning?
0 Comments July 21, 2015
What Is North Carolina Legacy Planning? from Mark Costley With this type of will, you share your moral and spiritual values with the loved ones that you will be leaving behind. Learn more about North Carolina legacy planning in this presentation.
0 Comments July 21, 2015
What Is North Carolina Legacy Planning? from Mark Costley With this type of will, you share your moral and spiritual values with the loved ones that you will be leaving behind. Learn more about North Carolina legacy planning in this presentation.
What Is A Living Will?
0 Comments July 13, 2015
What Is A Living Will? from Mark CostleyYou should be aware of the fact that a significant percentage of senior citizens become incapacitated at some point in time. A comprehensive estate plan will include an incapacity planning component. Learn more about North Carolina Living Will in this presentation.
0 Comments July 13, 2015
What Is A Living Will? from Mark CostleyYou should be aware of the fact that a significant percentage of senior citizens become incapacitated at some point in time. A comprehensive estate plan will include an incapacity planning component. Learn more about North Carolina Living Will in this presentation.
Why Would I Want A Revocable Living Trust?
0 Comments July 6, 2015
Why Would I Want A Revocable Living Trust from Mark CostleyThis person or entity would be empowered to administer the trust in the event of your incapacitation. Learn more about North Carolina Revocable Living Trust in this presentation.
0 Comments July 6, 2015
Why Would I Want A Revocable Living Trust from Mark CostleyThis person or entity would be empowered to administer the trust in the event of your incapacitation. Learn more about North Carolina Revocable Living Trust in this presentation.
What Is A Special Needs Trust?
0 Comments June 30, 2015
What Is A Special Needs Trust? from Mark CostleyThe trustee can use the assets in the trust to provide for the supplemental needs of the beneficiary. These would be needs that the government benefits do not cover. Learn more about North Carolina special needs trust in this presentation.
0 Comments June 30, 2015
What Is A Special Needs Trust? from Mark CostleyThe trustee can use the assets in the trust to provide for the supplemental needs of the beneficiary. These would be needs that the government benefits do not cover. Learn more about North Carolina special needs trust in this presentation.
Is Medicaid Only For the Poor?
0 Comments June 24, 2015
Is Medicaid Only For the Poor? from Mark CostleyMedicare does not pay for long-term care, but Medicaid will assist with these costs Because of this, many elders who were never poor ultimately seek Medicaid eligibility. Learn more about North Carolina Medicaid Only For the Poor in this presentation.
0 Comments June 24, 2015
Is Medicaid Only For the Poor? from Mark CostleyMedicare does not pay for long-term care, but Medicaid will assist with these costs Because of this, many elders who were never poor ultimately seek Medicaid eligibility. Learn more about North Carolina Medicaid Only For the Poor in this presentation.
What Is An Elder Law Attorney?
0 Comments June 19, 2015
What Is An Elder Law Attorney? from Mark CostleyMedicare will not pay for long-term care, but Medicaid will assist with these costs. In fact, Medicaid pays for most of the long-term care that is received by seniors. Learn more about North Carolina Elder Law Attorney in this presentation
0 Comments June 19, 2015
What Is An Elder Law Attorney? from Mark CostleyMedicare will not pay for long-term care, but Medicaid will assist with these costs. In fact, Medicaid pays for most of the long-term care that is received by seniors. Learn more about North Carolina Elder Law Attorney in this presentation
Can Probate Be Avoided?
0 Comments June 16, 2015
Can Probate Be Avoided? from Mark Costley After hearing about some of the pitfalls of probate, you may wonder if it can be avoided The answer is yes, there are probate avoidance strategies that can be implemented. Learn more about North Carolina Probate Be Avoided in this presentation.
0 Comments June 16, 2015
Can Probate Be Avoided? from Mark Costley After hearing about some of the pitfalls of probate, you may wonder if it can be avoided The answer is yes, there are probate avoidance strategies that can be implemented. Learn more about North Carolina Probate Be Avoided in this presentation.
Is North Carolina Probate Always Required
0 Comments May 11, 2015
Is North Carolina Probate Always Required from Mark CostleyAfter your death, the joint tenant would assume ownership of the entirety of the property outside of probate. Learn more about North Carolina Probate Always Required in this presentation.
0 Comments May 11, 2015
Is North Carolina Probate Always Required from Mark CostleyAfter your death, the joint tenant would assume ownership of the entirety of the property outside of probate. Learn more about North Carolina Probate Always Required in this presentation.
Creating a North Carolina Basic Estate Plan
0 Comments May 8, 2015
Creating a North Carolina Basic Estate Plan from Mark Costley The majority of adults in the United States do not have a comprehensive estate plan in place. Learn more about North Carolina basic estate plan in this presentation.
0 Comments May 8, 2015
Creating a North Carolina Basic Estate Plan from Mark Costley The majority of adults in the United States do not have a comprehensive estate plan in place. Learn more about North Carolina basic estate plan in this presentation.
What Is A Living Trust?
0 Comments April 21, 2015
What Is A Living Trust? from Mark Costley You have options when you are deciding how you want your assets to be transferred after you die. A last will is one of your options, but there are others that you should certainly explore. One of them is a living trust.Learn […]
0 Comments April 21, 2015
What Is A Living Trust? from Mark Costley You have options when you are deciding how you want your assets to be transferred after you die. A last will is one of your options, but there are others that you should certainly explore. One of them is a living trust.Learn […]
The 2015 Lifetime Estate Tax Exclusion & Annual Gift Tax
0 Comments February 23, 2015
Historic OverviewCongress 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 […]
0 Comments February 23, 2015
Historic OverviewCongress 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 […]
2015 Lifetime and Annual Gift Tax Exclusion Increases
0 Comments February 3, 2015
Lifetime and Annual Gift Tax ExclusionsHistorical 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 […]
0 Comments February 3, 2015
Lifetime and Annual Gift Tax ExclusionsHistorical 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 […]