by Durham Law Firm | Feb 9, 2022 | Business
If you live in North Carolina and work with a business partner, you need to understand your relationship status early on. There are different types of business partnerships in NC, and if you don’t choose one, you automatically become a general partnership. Let’s look...
by Durham Law Firm | Feb 3, 2022 | Estate Planning
You might believe that a will is only for the rich and famous and not the average person with a far smaller net worth. Or perhaps you're under the impression that a will is entirely unnecessary if you have a trust, jointly owned property, or named beneficiaries on...
by Durham Law Firm | Jan 27, 2022 | Estate Planning
If you’ve drawn up a trust agreement with your attorney, you have plans in place for your long-term goals. Still, many individuals make a mistake that sends their assets and loved ones right into the court system. They fail to fund their trust. Let’s look at the top...
by Durham Law Firm | Jan 21, 2022 | Estate Planning
A trust is a fiduciary relationship where you (the trustor) give someone you appoint (the trustee) the right to hold title to your property or assets for a beneficiary’s benefit. In other words, trust documents lay out rules for a trustee’s distribution of assets to...
by Durham Law Firm | Jan 6, 2022 | Estate Planning
If you’ve been putting off making an estate plan, including a will or trust, now is the time. It is crucial to stay prepared and easy to get started writing a will. Procrastinating about your future is a risky endeavor. Understanding why you need a will is the first...
by Durham Law Firm | Dec 23, 2021 | Business
Many business owners ask, “Can I pay myself as an employee if I am a business owner? The answer is that you can pay yourself as a business owner, but it’s not always a “salary.” There are two main methods owners use to pay themselves. Considering which is better for...
by Durham Law Firm | Dec 15, 2021 | Estate Planning
Most people understand that having some sort of an estate plan is a good thing. However, it may feel like a struggle to take the steps to get that estate plan in place. Sometimes, of a lack of understanding of the nuances between the different legal frameworks can...
by Durham Law Firm | Dec 8, 2021 | Estate Planning
Experienced estate planning attorneys prepare the legal documents you need to take care of yourself and your family as you age. If you own a home or have children or a spouse or partner, estate planning is just part of ensuring that you are all cared for. When you...
by Durham Law Firm | Nov 29, 2021 | Estate Administration, Estate Planning
Without planning for your future, long-term care costs can hit your hard-earned savings and eventually result in the sale of your family home after your death. It IS possible to keep your assets safe and still qualify for Medicaid coverage. Let’s see when Medicaid can...
by Durham Law Firm | Nov 19, 2021 | Estate Administration
When your parents pass away, you may wonder what will happen to their things. Other questions such as: “What will I inherit?” ”What will my siblings inherit?” and “How does the process work?” may go through your mind. Let’s look at what your sibling rights are after...
