A lot of people don’t think about estate planning until they marry, and possibly not until they have kids. Singles tend to not think about creating a will, but an estate is an estate, and there should always be a plan for it. An estate plan is possibly more important for those who are [...]
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 [...]
With many of us having extra time at home, we’re taking the time to tackle those projects that are hard to get to during our normal schedules. For many, that means making sure their estate plan and assets are up to date and in order. Those with families might have some extra items to [...]
Just about everything can be done online, through email or by teleconferencing these days: filing taxes, requesting a birth certificate, applying for a passport online, as well as many legal services. This is especially helpful when dealing with a situation like the current Covid-19 pandemic where most residents are employing social distancing, working from [...]
When a friend or family member passes away, they may leave behind some of their money or property. This is considered an inheritance. One thing that commonly confuses people is the difference between an inheritance tax and an estate tax. An estate tax is levied on the value of a deceased person’s belongings, properties, [...]
One aspect of estate planning that we love is that it gives our clients a plan for things they never even thought they would need to consider. Estate planning isn’t just about doling out checks to loved ones, and it isn’t even just about a living will. What happens if or when we become [...]
It is common practice to revisit an estate plan every three to five years, but it is very important to do so when a life change happens. There are certain life changes that warrant another look at an estate plan. Here is a list of some of the most common to be aware of [...]
Planning an estate is a thorough and meticulous process. However, when a Raleigh attorney has a detailed plan and system, it will make the process much easier. When Raleigh locals are overwhelmed with the planning process, they tend not to make a clear and concise plan. At the Thornton Law Firm, I have structured my [...]
Planning for the future is important, but what about mom and dad's future? When parents grow older, there is a good chance that someone will need to step in to handle their affairs, whatever those may be. The sooner this talk happens with parents, the better off you’ll both be. It is never too early [...]