Hey everybody! I am a Estate and Business planning attorney looking for a virtual assistant to help me with two tasks currently. The first is to answer all my calls and schedule appointments for me.…Read More
Good morning all! Hope this post finds you doing well! I am currently a solo-practitioner located in downtown Raleigh and I'm looking to hire an assistant (doesn't have to be a paralegal). I practice…Read More
If you are a small business owner, you may have already given some thought to long-term business succession planning. But what if something happens to you tomorrow? Is your business protected?
An illness or accident that causes you to be suddenly absent from your business can create havoc if there are no plans in place for this possibility.
There are a number of options that can help you ensure your business runs smoothly in the event you become…Read More
Baby Boomers – the biggest generation now on the verge of being the biggest group of inheritance recipients -- must answer the call to make prudent decisions on a staggering amount of inherited wealth.
Boomers who have not yet made an estate plan will have an added impetus for doing so. And Boomers who have an estate plan that may be several years old need to review that plan to ensure it aligns with changes in their lives.
Here are five reasons why Boomers need to make and…Read More
Owners of family businesses that wish to keep the business viable for future generations would be wise to investigate establishing a family limited partnership to both protect and maintain control over their business assets.
When you establish a family limited partnership (FLP), business assets are transferred into the partnership and swapped for shares. As owner, you would keep the general partner shares, and then gives limited partnership shares to children over time, which removes…Read More
A will is a vital estate planning document, and allows you to distribute your assets and property according to your wishes. However, there are several items that should NOT be included in a will:
Property held in a living trust or joint tenancy – property deeded to a living trust cannot be willed to someone else, and a will cannot change the right of survivorship in joint tenancy, which passes to the joint tenant by law.
Accounts with designated beneficiaries – financial…Read More