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What Is Elder Law?
Going through the legal and emotional landscape as you age can be challenging. Elder Law is a field that focuses on the specific needs of seniors and their families. This post aims to shed light on Elder Law and how the attorneys at the Trusts and Estates Law Group can help you and your loved…
Read MoreDying Without a Will in North Carolina
What Happens When a Person Dies Without a Will Under North Carolina Inheritance Law? If there is no will to direct the distribution of assets, then the property of the deceased’s estate is distributed according to the North Carolina Intestate Succession Act. The probate process is administered by the Office of the Clerk of Superior…
Read MoreHow To Deal With Breach of Fiduciary Duty in Estate Matters in North Carolina
Managing an estate is no small feat, and it comes with a range of responsibilities. Whether you’re an executor, trustee, or beneficiary, the term “fiduciary duty” likely comes up often. But what happens when someone breaches that duty in the realm of estate matters? We’re here at the Trusts and Estates Law Group, to help…
Read MoreDisinherited in North Carolina? Here’s What You Can Do
Firstly, it’s essential to grasp what being disinherited actually means. In the simplest terms, if someone is disinherited, it means they’ve been left out of a will or trust intentionally. This could result from family disagreements, oversight, or even undue influence on the decedent. Often, being disinherited can come as a shock and may leave…
Read MoreReverse Mortgages and Elder Law in North Carolina
A reverse mortgage is a unique type of loan, specifically tailored for homeowners aged 62 or older. Instead of making monthly payments to the lender, the lender makes payments to the homeowner, based on the equity they’ve accrued in their home. This option can serve as a financial cushion during retirement, enabling homeowners to tap…
Read MoreSenior Citizens and Tax Planning, An Elder Law Perspective
Tax planning is an essential aspect of financial management for senior citizens, as it can significantly impact their quality of life in retirement. Here are some key points to consider from an elder law perspective: Retirement Income: Evaluate different sources of retirement income, such as Social Security benefits, pensions, and retirement accounts, and understand how…
Read MoreThe Role of an Elder Law Attorney in Special Needs Planning
Elder law encompasses a range of legal services and support for seniors, individuals with special needs and their families. At the Trusts and Estates Law Group, we understand the complexities that come with aging, disabilities, and the need for comprehensive estate planning. Let’s explore the multifaceted role of an Elder Law Attorney in the realm…
Read MoreNew Law Impacting Business Owners
The Corporate Transparency Act (CTA) is a new federal law that is likely to affect the vast majority of small businesses in America. The CTA will require these businesses to report information regarding their current owners and managers, and will also require these businesses to file updates when there are changes in ownership or management.…
Read MoreSocial Security Benefits and Elder Law in North Carolina
The Social Security system is a vast network that provides support to millions of Americans. In North Carolina, these benefits play a crucial role in the financial health of our senior community. But what exactly are Social Security benefits, and how do they fit into the picture of Elder Law? At the Trusts and Estates…
Read MoreAlternatives to Guardianship in North Carolina
Navigating the well-being of a loved one, especially when they might not be capable of making decisions for themselves, can be a daunting task. Guardianship often emerges as a solution in such situations, but it’s a decision not to be taken lightly. Before committing to this legal pathway in North Carolina, it’s essential to be…
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