When people hear talk about setting up a trust, they immediately picture the uber-rich, jet-set crowdfunding their wild children. That’s not quite true. A trust is a legal arrangement where ownership of assets is transferred from the owner to the trust. We’re seeing this type of estate planning tool gain more popularity here in [...]
Blended families are very common in our world. With roughly half of all marriages ending in divorce, it’s fairly normal to see all sorts of different family dynamics. With all the changes that happen when families blend together, it’s easy to forget the changes that may happen to someone’s estate plan. At Thornton Law [...]
There are two main ways to set up an estate plan: a simple will and a living trust. Depending on a person’s needs and size of the estate, it makes a difference which tool is used. As an estate lawyer serving the Raleigh and Durham areas, I’ve put both types of plans into action [...]
One of the biggest deterrents for people getting a will or trust done is the cost. There’s this perception that anything with a lawyer is going to automatically be unaffordable, but that’s not always the case. In the Raleigh and Durham areas, wills and trusts cost anywhere from a few hundred dollars to up [...]