A trust agreement is part of the process of setting up a trust fund. The words “trust fund” often bring to mind images of the wealthy. However, a trust is just a legal tool used to reach specific financial goals. Different kinds of trusts accomplish different goals. Let’s look at what a trust agreement is and what it can do for you.
If you have a special needs child or face your own disabilities due to accident or injury, you may have questions about special needs trusts. It is possible to receive payments from assets that don’t count against your benefits eligibility. Learn how a special needs trust attorney can help you plan for the future of a disabled individual.
A power of attorney can give authority to someone else to manage some or all of your financial needs and health care decisions while you are alive. However, after your death, a power of attorney ends. Learn what a power of attorney is and what it can and can’t do.
Whether you possess wealth or a meager home of sentimental valuables, writing a will is crucial for your family’s peace of mind. It is not a complex or lengthy process to write a legitimate will. Let’s look at how to make a will in NC.
As an older adult, you may think about what will happen if you can no longer care for yourself. Becoming incompetent or incapacitated is not something anyone wants to happen, but it is a reality some of us face. Wise investors set up a Medicaid asset protection trust long before they need Medicaid to pay for long-term care costs.
Almost 70% of Americans age 65 now will need some type of long-term care in the future. Medicaid may cover all of your long-term care costs if your income and assets are below the set levels in North Carolina. But how do you hold onto your savings and qualify for Medicaid at the same time? Let’s look at how to do Medicaid planning in North Carolina.
If you are thinking about estate planning, you may wonder about the difference between a will and a living will. Estate planning is all about how to prepare for the unexpected in your life. Planning for your future health issues or death gives your family the tools they need to get through a crisis. Let’s look at what it means to write a will vs. writing a living will.
If a medical event or accident happens and you can’t make decisions for yourself, do you want the state to decide who makes decisions for you? You need a medical power of attorney to make your wishes known and designate the person you trust as your medical decision-maker.
Staying prepared for the day that you leave this world is a gift to your family. Too often, when individuals die, their families and loved ones are left wondering what to do. Dying without a will leaves your heirs confused and your assets up for grabs. Let’s look at what happens if you die without a will.
Making money is often the motive for a crime. Money laundering involves hiding your criminal profits by making the money look legitimate. Let’s look at how laundering money works and what happens if you are caught in the act of money laundering.