First 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…

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The 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…

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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…

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Estate Planning Gone Wrong: Mistakes to Avoid

North Carolina will

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…

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Why Small Business Owners Need an Estate Plan

Estate Planning for Small Business Owners

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.…

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Why First Responders Need Estate Plans

firefighter jacket after being injured

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…

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