by Durham Law Firm | May 19, 2023 | Estate Planning
While wills are crucial, trusts offer a unique set of advantages that can make them incredibly valuable for individuals from all walks of life. In this article, we delve into the question, "Who needs a trust instead of a will?" and explore why incorporating a trust...
by Durham Law Firm | May 12, 2023 | Elder Law, Medicaid
As we age, many of us will require long-term care at some point in our lives. However, the cost of such care can be astronomical, and without proper planning, it can quickly deplete a family's savings. Medicaid is a federal program that can help cover long-term care...
by HWH Updates | May 3, 2023 | Elder Law, Medicaid
Whether you're planning early for long-term care coverage or just now realizing you may need to pay for a skilled nursing facility in the future, you need answers. While Medicare may cover some expenses, most long-term care generally falls on you. Find out how to...
by Durham Law Firm | Apr 27, 2023 | Elder Law, Medicaid
For many aging individuals, the possibility of paying for long-term care in a nursing home is a looming concern. One option to pay for long-term care is a Life Estate Deed to transfer ownership of the family home while retaining lifetime rights. However, this can...
by Durham Law Firm | Apr 20, 2023 | Guardianship
Are you a guardian for an adult in North Carolina? If so, it is essential to understand the guardianship bank account rules for the state. According to North Carolina laws, there is a fiduciary responsibility of all guardians to handle the ward's assets with their...
by Durham Law Firm | Apr 14, 2023 | Elder Law, Estate Planning, Guardianship
When an older loved one struggles to care for themself, you may question who will help them make decisions. In this case, it's essential to understand the legal meaning of the word "incapacitation" and find answers for a loved one needing a guardian. You may also want...
by Durham Law Firm | Apr 8, 2023 | Elder Law, Estate Planning, Guardianship
If you have a loved one who has a mental disability or is showing signs of dementia, you may be wondering what the next step is. You want to make sure they get the care and attention they need. One option is to become their legal guardian. This means assuming...
by Durham Law Firm | Mar 28, 2023 | Estate Planning
When it comes to estate planning, there are many things to think about. One of the most important decisions you'll make is how to pass your assets on. With jointly-owned assets, choosing right of survivorship vs writing a will can be confusing. Learn about the best...
by Durham Law Firm | Mar 24, 2023 | Estate Planning
You may wonder, "Who needs a will?" thinking you have plenty of time. Yet many people put off creating a will for far too long, often because they don't realize just how crucial it is. However, a will is a fundamental element of estate planning, and it's essential to...
by Durham Law Firm | Mar 16, 2023 | Business, Business Law
When you're running a small business, contracts form the basis of binding agreements between your business and its employees, customers, and vendors. Without them, misunderstandings can quickly turn into expensive legal battles. Learn about 7 types of employment...
