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How Guardianship of an Adult Works

How Guardianship of an Adult Works

Adult guardianship can be a necessary legal arrangement for those who need it, but it can also be challenging to understand as a guardian. This guide will help explain what adult guardianship is, the process for obtaining it, and the responsibilities of a guardian in...
General Partnership Definition in North Carolina

General Partnership Definition in North Carolina

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...
What Happens When You Die Without a Will?

What Happens When You Die Without a Will?

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...
Top 10 Ways of Funding a Trust

Top 10 Ways of Funding a Trust

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...
What is a Trust?

What is a Trust?

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...
Dying Without a Will: A Public Exhibition

Dying Without a Will: A Public Exhibition

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...
How Should I Pay Myself? Owner’s Draw Vs Salary

How Should I Pay Myself? Owner’s Draw Vs Salary

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...