In the past, it seemed that the only people setting up trust funds for their children and grandchildren had a lot of money like the Rockefellers. Thanks to an increase in accumulations through the stock markets and increased property values of homes, more ordinary...
Most people understand the necessity of writing a will to pass on their estate to their heirs. That is not the only choice that is available to them, though. Another tool for estate planning is the trust. Trusts are gaining in popularity, especially the revocable...
Before you sign your severance agreement you should ensure that all of the details in the agreement are true and accurate. For example, you may be entitled to unused vacation time or a final paycheck. Make sure these details are included in the agreement. Once you...
Getting a lawyer to read over your severance agreement carefully is the smart thing to do. They may discover hidden clauses or other technical details that you would miss if you didn’t have someone else read it. Sometimes companies will attempt to use the terms of a...
Negotiating the terms of your severance package might not be the most enjoyable experience, but the potential payoff makes it worth it. By negotiating for a higher compensation you’ll buy yourself more time to pay all the bills and remain on an even keel while you...
Former employees who file for benefits with the North Carolina Division of Employment Security (“D.E.S.”) may be found qualified or disqualified by an adjudicator during an initial filing process. The Employer or former employee has the right to file an appeal and...
Except in a couple of situations, your employer is not required to offer you any kind of severance package. There are only a couple of situations that require severance pay and these tend to not affect that many people. Typically, a severance package is offered...
A severance agreement is a lump sum of money that’s paid out to an employee when a company terminates them. What sets severance pay apart from normal wages is that an employee doesn’t receive it because of the work that they have performed. Instead, it’s a sum that’s...
If you’ve inherited items that you don’t want, one of the first important realizations that you can make is that you don’t need items to remember a person. A person is not defined by the things that they own. They’re defined by their personality, their actions, and...
Hi, Chris Wilms here from Hopler, Wilms & Hanna. As attorneys in the RTP area, of course we heard about the massive layoff affecting our families, friends, and neighbors. We thought it might be a good idea to talk about severance agreements, something that might...
