Estate Planning
How Taxes Affect Estate Planning
Nothing is certain in life other than death and taxes. What is the impact of taxes on estate planning? In 2022, the federal estate tax exemption is $12.06 million per person. If the value of your estate is under this threshold, then your estate will not be subject to tax. Those with estates totaling more…
Read MoreEstate Planning Attorney for Medicaid and Long-Term Care
The U.S. Department of Health and Human Services says someone turning age 65 today has almost a 70% chance of needing some type of long-term care services in their remaining years. Twenty percent will need care for longer than five years. Thirty-seven percent will receive care in a residential facility, such as a nursing home…
Read MoreEstate Planning Gone Wrong: Mistakes to Avoid
Many people believe the word “estate” only applies to wealthy individuals with multiple properties and substantial assets, but this is inaccurate. Anyone who has money, property, or other assets has an estate and will benefit from a well-organized estate plan. A solid estate plan can help communicate your end-of-life wishes if you are unable to…
Read MoreWhy Small Business Owners Need an Estate Plan
Just as each of us should make plans for the transfer of our personal assets to our heirs, the small business owners among us should plan for the disposition of their businesses. Your small business needs an estate plan, just as you do. The estate planning attorneys at Brady Cobin Law Group, PLLC, can help.…
Read MoreWhy First Responders Need Estate Plans
First responders know the risks they face as part of their jobs. They put their lives on the line when responding to natural and manmade disasters, accidents, fires, disease outbreaks, and crime scenes. According to the U.S. Bureau of Labor Statistics, 838 emergency responders – public-sector law enforcement, firefighters, and ambulance crews – died from…
Read MoreWhy We Might Need Something More Than a Will
Attorney Andrew J. Cobin, a partner at Brady Cobin Law Group, appeared on WPTF’s Triangle Afternoon News program and discussed questions with radio hosts Rick and Donna Martinez about making a will and why a will by itself may not be enough. Andrew Cobin is among a small percentage of attorneys recognized by the North…
Read MoreWho Takes Control of Your Digital Assets When You Die?
As you consider what you will pass on to your heirs and other beneficiaries, do not overlook your digital assets. If your virtual property – anything from digital music you’ve bought to website content, Bitcoin or other cryptocurrencies – has value, then proper estate planning can ensure you’ve designated what happens to it when you’re…
Read MoreTips for Creating an Estate Plan that Benefits a Child with Special Needs
Establishing an estate plan that provides for your family after you are gone is a gift to the ones you love. If a special needs child is among your loved ones, there are specific steps you can take to ensure their additional financial and care needs are addressed. The Brady Cobin Law Group, PLLC, has…
Read MoreDying Without a Will — NC Intestate Chart
Dying Without a Will in North Carolina In North Carolina, when you die without a will, it is known as having a dying “intestate”, meaning that a local probate court will appoint an administrator to distribute your assets according to the requirements of North Carolina probate law. They must follow state intestacy laws that try to…
Read MoreAttorney Andrew Cobin Interviewed on WPTF
Attorney Andrew J. Cobin, a partner at Brady Cobin Law Group, PLLC, recently appeared on a segment of WPTF’s Triangle Afternoon News program to answer questions about wills and estate planning with radio hosts Rick and Donna Martinez. He discussed some of the basics of planning for the various phases of life. Andrew Cobin concentrates…
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