Monthly Archives: January 2014

27 Jan

Estate and Income Tax Preparation in the New Year

Estate and income tax planning requires advance preparation. Now is the time to get your financial affairs in order. Make sure that you’re prepared by having the right tax planning in place, as well as by maximizing your tax savings from your retirement account after age 70½. Many people have revocable trusts in place, which

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21 Jan

Second Chances at Successful Planning

It’s a good thing that we have more than one chance to get our long-term care planning the way we want it. Unfortunately, people are generally overly optimistic about their future and often procrastinate at drafting their legal documents instead of planning ahead. People also fail to educate themselves about the many public assistance programs

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13 Jan

Trusts are Better than Wills

A trust allows you to avoid probate all together. Today, probate and court costs can be as high as $6,000 in North Carolina, which is far higher than the cost of most trusts. We recommend using a trust to pass property to your spouse and children at death as a way to avoid paying these

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08 Jan

A New Year’s Resolution You Can Keep

Each New Year we set resolutions that we try to keep. Most of us fall short of the goals we seek to accomplish. Resolve instead this year to take a proactive approach for asset protection. There are many simple steps that we can take in 2014 to make things easier for our spouses, our families,

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