Trusts
Living Trusts and Taxes: What You Need to Know and How to Properly Prepare
If you’re considering creating a living trust to avoid probate, you should understand the tax consequences of these trusts. Read on to learn what you need to know about taxes on living trusts, then contact our Brady-Cobin Law Group to schedule a consultation. What Is a Living Trust? A living trust or revocable living trust…
Read MoreWhat You Need to Know About Irrevocable Trusts in North Carolina
Irrevocable trusts offer some benefits that revocable “living” trusts do not. But those benefits come at a cost. Before creating any type of irrevocable trust in North Carolina, you need to be aware of certain factors. Be Sure You Understand the Terms There’s a reason most people work with an experienced attorney when creating an…
Read MoreUnderstanding Trust Administration and How We Can Help
An estate’s trustee must juggle an extensive list of responsibilities to provide closure to beneficiaries. In this article, we discuss the roles and responsibilities involved in Trust Administration and how we can help. What Is Trust Administration? Trust administration can be overly complicated if you don’t have proper assistance. Trust administration typically encompasses distributing the…
Read MoreThe Common Misconceptions about Wills and Trusts
Misconceptions about wills and trusts often creates confusion. TCPalm recently discussed common misconceptions surrounding wills and trust in “Common misconceptions about wills and trusts.” Among the misconceptions are: Having a will means that your estate does not have to go through probate. This is completely false. In most cases, wills have to be submitted to…
Read MoreCelebrity Examples Highlight How Wills and Trusts Affect Your Privacy
Many people follow the lives of their favorite celebrities through tabloids, magazines, and Reality TV shows. However, when a deceased celebrity leaves behind a will, the interest of knowing what they left behind (and how much!) rises for fans and professionals alike. Recently, wills left by James Gandolfini and Michael Jackson highlight some of the…
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