Estate and Elder Law News

How to Keep Your Car Out of Probate in North Carolina

How to Keep Your Car Out of Probate in North Carolina

In North Carolina, it’s best to keep car ownership in one name only for liability reasons. Although it may seem natural for couples to own a car jointly, if that vehicle is involved in an accident, the injured person’s attorney can sue both an at-fault driver and all owners of the car. When a couple instead owns their vehicles only in their own names, an at-fault driver does not imperil his spouse’s separate assets.

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Best and Worst IRA Beneficiaries

Best and Worst IRA Beneficiaries

When you choose beneficiaries for your IRA account, you insure out-of-probate transfers to those beneficiaries when you die. But picking proper beneficiaries can be tricky.  Here's a list of the best and worst IRA beneficiary choices: BEST IRA BENEFICIARIES Your...

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10 Ways to Protect Your Assets Before Marriage

10 Ways to Protect Your Assets Before Marriage

Modern marriage can be a minefield for both estate planners and their clients. In 2016, a majority of marriages end in divorce, second, third, or fourth marriages are common, and blended families represent the norm. Frequently, the estate planner advises families where the husband brings in children from a prior marriage, the wife brings in kids from a prior marriage, and (if industrious enough) the new couple adds new kids of their own to the mix. And, unfortunately, divorce lawyers are more litigious and aggressive than ever.

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Estate Planning For LGBT Couples In North Carolina

Estate Planning For LGBT Couples In North Carolina

As North Carolina LGBT adults are aware, on October 10, 2014, the United States District Court for the Western District of North Carolina issued an order that struck down the ban on same sex marriage in North Carolina. The ruling allows LGBT couples to seek the rights and privileges of marriage in North Carolina.

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Estate Planning To Protect Client Digital Assets In North Carolina

Estate Planning To Protect Client Digital Assets In North Carolina

In the Internet age, it can be difficult to separate certain assets such as financial accounts from the computers, websites, and software used to operate, manage, manipulate, and convey information about those accounts. Without proper estate planning incorporating the client’s digital assets, a deceased client’s executor or trustees may not have the tools they need to perform their obligations.

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The Perils Of Dying Without A Will

The Perils Of Dying Without A Will

NFL Tennessee Titans quarterback Steve McNair, age 36, was unexpectedly found murdered in a Nashville, TN hotel room on July 4, 2009. McNair had earned about $90 million during his NFL career, yet he died without a will, or intestate. Because he had done no estate planning, his family lost millions of dollars to taxes and legal fees.

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