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Estate Planning Checklist!- A Message From Mark Costley
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Posts by category
- Category: Asset Protection
- Category: Elder Law
- Category: Estate Administration
- Category: Estate Planning
- Why You Need to Update Your Estate Plan after a Divorce
- New Tax Proposal re: Retirement Savings
- Beneficiary Designations, etc., Aren’t a True Substitute for a Trust
- Planning to Avoid Too Much SALT
- You Never Know: Planning for the Unexpected
- When Should I Update My Estate Plan?
- What Happens to Your Assets if You Don’t Make an Estate Plan?
- Planning for Frequent Flyer Miles
- Should You Talk With Your Loved Ones About Estate Planning?
- What to Do About Leaving Money to an Heir Who is Financially Irresponsible
- Planning for the International Client
- 6 Important Estate Planning Considerations – Part 2: Long-Term Care
- Durham Estate Planning Attorneys Explain Benefits of Advanced Directives
- 6 Important Estate Planning Considerations – Part 1: Incapacity
- Common Mistakes When Making a Will
- Age-Related Retirement Milestones
- Can Leaving an Equal Inheritance be unfair?
- Basics of Estate Planning: Lack of Coordination
- 5 Situations That Should Send you to An Estate Planning Attorney
- Law in the U.S. can be Participatory
- Is Probate Always Required?
- How Can You Provide for Your Pet in Your Estate Plan?
- How to Find the Right Estate Planning Attorney
- 5 Power of Attorney Mistakes to Avoid
- IRS Announces 2016 Estate Tax Adjustment
- Is North Carolina Probate Always Required
- Creating a North Carolina Basic Estate Plan
- The 2015 Lifetime Estate Tax Exclusion & Annual Gift Tax
- Category: Estate Tax
- Category: General
- Category: Incapacity Planning
- Category: Inheritance
- Category: IRA
- Category: Legacy Planning
- Category: Legal Education
- Category: Medicaid in North Carolina
- 5 Things You Need to Know about Qualifying for Medicaid As a Senior
- North Carolina Nursing Homes Could be Kicked Out of the Medicare Program
- What is Considered a Countable Asset for Medicaid?
- Key Things a Chapel Hill Medicaid Attorneys Wants You to Know
- How Medicaid Attorneys Help Plan for Nursing Home Care
- North Carolina May Have to Repay $20 Million in Medicaid Reimbursements
- Do You Need to Include Medicaid Planning in Your Estate Plan?
- Is Medicaid Only For the Poor?
- Category: Medicare
- Category: Power of Attorney
- Category: Probate
- Category: Retirement Planning
- Category: Revocable Living Trust
- Category: Trust
- What is a Revocable Living Trust?
- How Trust Lawyers Help Trust Beneficiaries in the Triangle
- Why work with a Trust Attorney when Creating a Living Trust?
- Do Trust Lawyers Only Help Wealthy People?
- 5 Ways Durham Chapel Hill Trust Attorneys Help You Protect Your Family
- The Value of a Living Trust
- What Is Involved in Creating a Trust?
- Category: Trust Administration
- Category: Trusts
- Category: Wills
Staff Profiles
- MARK O. COSTLEY
- Jonathan Williams
- Margaret Costley
- Bonnie Blundell
- Kelleigh Smith
- Wes Ehmig
- Jennifer Rigsbee
- Robert Hare
- Eleanor Costley
AMS Tabs
FAQ
- Do I need a Buy-Sell Agreement?
- Is a Family Limited Partnership right for my business?
- What is management continuity?
- What is incapacity planning and why is it particularly important for a small business owner?
- Why is planning for the impact of gift and estate taxes particularly important for a small business?
- What should be included in my business succession plan?
- Why do I need to include business planning in my estate plan?
- Should you talk with an elder law attorney?
- What is legacy planning?
- What is a Living Will?
- Is Medicaid only for the poor?
- What is involved in creating a basic estate plan in North Carolina?
- What is an elder law attorney?
- Is a Living Trust a good idea for a LGBTQ person?
- Do unmarried couples have to plan more than married couples do?
- Are my estate planning documents a matter of public record?
- Is there a tax if I give some of my property to my spouse or partner?
- Will my spouse or partner be appointed guardian of my minor child?
- Can I make decisions about my spouse or partner’s remains?
- How can I be sure that I will be allowed to visit my spouse or partner in the hospital or assisted living facility?
- Can my spouse or partner make medical decisions for me if I’m sick?
- Can my spouse or partner handle my financial affairs if I am incapacitated?
- I’m married, why do I need to plan?
- Does marriage, domestic partnership or civil union provide all the benefits of marriage?
- How will my income tax return get filed?
- What happens if my son needs his tuition paid while I’m disabled?
- What happens if my investments need to be changed quickly due to market conditions or to reflect new circumstances and risk tolerance?
- How will my bills get paid?
- If I have no chance of recovery, will I be kept on life support?
- Who will decide medical treatment issues?
- Who will decide where I live?
- What do I do about Social Security?
- How do I transfer the car(s) into my name?
- Can I pick and choose what assets go into the “B” trust?
- I thought that a living trust avoids probate and attorney fees. Why do I have to pay more fees?
- Does the Trust Administration process take a long time?
- Is Probate in North Carolina managed by the Clerk of Court?
- Does the Probate process take a long time?
- What is Probate?
- Is a Living Trust a good idea for a LGBTQ person?
- Do unmarried couples have to plan more than married couples do?
- Are my estate planning documents a matter of public record?
- Is there a tax if I give some of my property to my spouse or partner?
- Will my spouse or partner be appointed guardian of my minor child?
- Can I make decisions about my spouse or partner’s remains?
- How can I be sure that I will be allowed to visit my spouse or partner in the hospital or assisted living facility?
- Can my spouse or partner make medical decisions for me if I’m sick?
- Can my spouse or partner handle my financial affairs if I am incapacitated?
- I am in an unmarried relationship, do I need to plan?
- I am married, why do I need to plan?
- Does same-sex marriage, domestic partnership, or civil union provide all the benefits of heterosexual marriage?
- What steps can I take to preserve my legacy?
- Can any attorney create a Family Wealth Trust?
- Is a Family Wealth Trust only for the rich?
- If I have a “bare bones” living trust should I go back to the attorney who drafted the trust?
- How do I know if I have a “bare bones” living trust?
- Is the Family Wealth Trust some kind of loophole the government will eventually close down?
- Can I transfer real estate into a Family Wealth Trust?
- NO. The purpose of creating a Family Wealth Trust is to avoid living probate, death probate, and reduce or even eliminate federal estate taxes. It’s not a vehicle for reducing income taxes. In fact, if you’re the trustee of your Family Wealth Trust, you will file your income tax returns exactly as you filed them before the trust existed. There are no new returns to file and no new liabilities are created.
- If I set up a Family Wealth Trust, can I be my own trustee?
- Why should I have a Family Wealth Trust?
- The possibility of a disabling injury or illness scares me. What would happen if I were mentally disabled and had no estate plan or just a Will?
- How does a Family Wealth Trust differ from a Revocable Living Trust?
- What’s the difference between having a Will and a Living Trust?
- What is a Family Wealth Trust?
- If I don’t create an estate plan, won’t the government provide one for me?
- What is the difference between “traditional” estate planning and Legacy Wealth Planning?
- Why do I need an estate plan?
- What is “traditional” estate planning?
- What is Legacy Wealth Planning?
- Must an estate tax return be filed if portability will be utilized?
- What is portability?
- What is a state estate or inheritance tax?
- What is the federal estate tax?
- Can any attorney create a Living Trust?
- Isn’t a Living Trust only for the rich?
- Is the Living Trust some kind of loophole the government will eventually close down?
- Can I transfer real estate into a Living Trust?
- Will a Living Trust avoid income taxes?
- If I set up a Living Trust, can I be my own trustee?
- The possibility of a disabling injury or illness scares me. What would happen if I were mentally disabled and had no estate plan or just a Will?
- What’s the difference between having a Will and a Living Trust?
- If I don’t create an estate plan, won’t the government provide one for me?
- Why do I need an estate plan?
