Estate Planning
How to Incorporate Charitable Giving into Estate Planning
Charitable giving can be one of the most meaningful ways to leave a legacy that reflects your values. When thoughtfully integrated into estate planning, it allows you to support causes close to your heart while also enjoying potential financial benefits. At Brady Cobin Law Group, PLLC, we understand the importance of planning for the future…
Read MoreThink Estate Planning Isn’t Necessary? Here’s Why It Might Be
Imagine facing a sudden event in which you cannot make your wishes known. It’s an unsettling thought, but one that highlights the importance of estate planning. At Brady Cobin Law Group, we’re here to help North Carolina residents gain control over their future—no matter their age or assets. Why Estate Planning Matters Creating an estate…
Read MoreKey Considerations in Estate Planning for LGBTQ+ Families
Estate planning for LGBTQ+ families involves unique challenges and opportunities. Understanding these key considerations is essential to ensure your wishes are respected and your loved ones are protected. Understand Your Marital Status in North Carolina The 2015 Supreme Court decision legalized same-sex marriage nationwide, but complexities remain. To avoid inheritance issues, ensure all past relationships…
Read MoreWhat Is Estate Planning, and Why Is It Necessary In North Carolina?
Estate planning is not just for the wealthy or the elderly; it’s a crucial process for anyone looking to secure their financial future and the well-being of their loved ones. In North Carolina, estate planning involves creating a comprehensive plan for managing your assets and responsibilities both during your life and after your passing. This…
Read MoreEstate Taxes – Planning Approaches for Married Couples
The U.S. Federal Estate Tax is the tax levied on an individual’s estate on the transfer of his assets at his death. As a starting point, to understand how estate planning can be used to minimize estate taxes there are two concepts to be familiar with. The first concept is the Federal Estate Tax Exemption…
Read MoreFirst Steps of Estate Planning
If you’ve recently lost a loved one, please accept our condolences. The weeks ahead will be difficult on many levels, handling the estate of the lost included. Our experience suggests that the steps below apply in most circumstances and will help guide you through the next several weeks. Notify family and friends of your loved…
Read MoreEstate Planning in the Digital Age: Are You Fully Prepared?
Chances are that you have more digital assets now than you did when you created your estate plan—even if it was only a year ago. We are all acquiring new digital assets at an astonishing rate. Do you know what will happen to those assets if you become incapacitated? What will happen after your death?…
Read MoreThe Benefits of the Three-Legged Stool Approach to Estate Planning
Generations of retirees have relied on the well-known three-legged stool model of estate planning. Employee pensions, personal savings, and Social Security formed three stable legs that propped up a secure retirement plan. Fast forward to today, when most companies have phased out pensions and the future of Social Security isn’t looking so secure anymore. How do you…
Read MoreHow 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…
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