The foundation of asset protection is not just to have good legal documents or legal advice, though those things are important. It is to have good liability insurance. Don’t skimp! Most people skimp on insurance because they want to pay a lower monthly rate. However, it is important to have more than just the minimum […]
Losing a loved one is never easy. We all experience grief in different ways. Sadness, numbness, and depression are just a few of the emotions we experience. It is important not to make any major decisions too quickly, and to take time to think clearly again. Six months to one year works best for most […]
Many of us are still thinking about our New Year’s resolutions, which can be overwhelming. It doesn’t have to be! A good way to narrow down your resolutions is to pick one goal for each important area in your life. For most, this includes our health, finances, and planning for the future. According to Dr. […]
It can be difficult to anticipate the need for long-term care and the financial burden that comes along with it. Unfortunately, many families wait too long to plan for this possibility, and financial assistance can be difficult to obtain without the proper documents. This leaves the caregiver, whether it be a spouse or a child, […]
Basic asset protection planning consists of four main components to make sure you are well protected. The first and most important component is a good liability insurance policy—and that normally means an umbrella policy to give you adequate coverage. You need to take care of this component first, which makes the other components work. Secure […]
Pay on death (PODs) and transfers on death (TODs) can be helpful to a lot of families if used consistently with their estate plan. A POD is a beneficiary designation used by bankers for your bank accounts. It is a contract provision telling the bank to pay the amount in your account to someone (the […]
Senior citizens face unique issues everyday; one devastating issue is age discrimination in the workplace. Age discrimination is the unfair treatment of an individual due to their age. It can happen in employment, housing, and many other ways. This under-acknowledged form of discrimination happens frequently. Older workers are more experienced and generally perform their jobs […]
As many are aware, North Carolina recently changed its position on same-sex marriage after the Supreme Court decided to let stand five federal appellate court rulings. As a result, October 10th was the first day that the state issued marriage licenses to same-sex couples. Whether you agree or disagree with this change, marriage will provide […]
Kathryn Bowman will be contributing to the “Elder Law and Elder Care Panel” at the April 2014 meeting of Morgan Stanley’s “Wealth Wisdom for Women” professional group. The meeting will be held on Wednesday, April 16th, 2014, from 12:00 PM to 1:00 PM at the Morgan Stanley Board Room, located at 700 Spring Forest Road, […]
If something happened to you tomorrow, would your loved ones be able to take care of business or easily wrap up your affairs? There are many steps that you can take now to make the process go smoothly for your family when the time comes, such as ensuring that you have good legal documents, creating […]
If you own a corporation or LLC, Google “Corporate Transparency Act” and file your report before the end of the year. Don’t be fined $500.00 per day for failing to file.