Why 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 MoreMedicaid Eligibility and Elder Law
The federal Medicaid program is designed to ensure senior citizens have long-term health care, but it has financial eligibility requirements that should be considered well ahead of the need for Medicaid benefits. Qualifying for Medicaid often requires applicants to spend down their assets to meet the eligibility requirements. This should be a planned distribution of…
Read MoreWhat’s the Difference Between a Will and a Trust?
Wills and trusts are two very different kinds of documents used in estate planning. Everyone needs a will, but not everyone needs a trust. Knowing the difference will help you to understand what you need. What is a Will? A will is the cornerstone of an estate plan. It’s the legal document by which…
Read MoreCOVID-19 Reminds Us of Importance of Estate Planning
It’s fair to say that we are living in a new age of uncertainty with the COVID-19 pandemic. Concerns over the pandemic have “led to a skyrocketing demand for wills, even among those who aren’t senior citizens,” according to an ABC News report. No one wants to be ill or face the prospect of a…
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 More10 Important Estate Executor Duties to Fulfill After a Death
Being chosen executor of an estate indicates that you are capable and trustworthy. You are most likely a family member, a close friend or attorney of the individual who has asked you to ensure their final wishes are carried out. While being named the executor, or personal representative, of someone’s estate is somewhat of an…
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…
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