by Durham Law Firm | Jul 27, 2021 | Estate Planning
Even though 70% of individuals older than 65 now will need long-term care in the future, health insurance and Medicare do not cover long-term care costs. Medicaid may cover all of your long-term care costs if your income and assets are below the set levels in North...
by Durham Law Firm | Jul 20, 2021 | Estate Planning
It’s challenging to think about a world where we no longer exist, but planning for that day makes life better for those we leave behind. With bank accounts, the inheritance rules are relatively simple in North Carolina. Let’s look at how your money is distributed...
by Durham Law Firm | Jul 9, 2021 | Estate Planning
If you are planning a wedding, the excitement of the big day and the honeymoon to follow may be the extent of your thoughts. It is easy to get swept up in the excitement of finding someone to spend your life with. It is also easy to forget that marriage is a legally...
by Durham Law Firm | Jun 29, 2021 | Estate Planning
Sometimes we find ourselves in situations that we did not plan. Unexpected death or incapacitating illness may keep us from caring for our children. Mental illness, drug addiction, a prison sentence, or general incompetence can all leave our child with no caregiver....
by Durham Law Firm | Jun 22, 2021 | Estate Planning
Trust protectors play a relatively new role in the life of a trust. They give a type of long-term trust protection by acting with power over trustees and beneficiaries alike. A trust protector serves as an appointed authority over a trust for a time. Trust protectors...
by Durham Law Firm | Jun 7, 2021 | Estate Planning
If you are 65, your chances of needing some kind of long-term care during your lifetime are at 70%. While it’s not enjoyable to think about a future including caregivers, it is not wise to ignore a likely scenario. Let’s look at what types of long-term care facilities...
