Could a Revocable Trust Be Beneficial?
A revocable trust can provide several benefits as a part of an estate plan. A revocable trust that you create as the grantor can be controlled during your lifetime with you as the trustee. You retain legal title to the... Read More →
Preparing for the Unexpected
While many people plan for a retirement in which they live through the end of life in their homes, few people have a real grasp of the costs involved. In the Research Triangle Park area (RTP), 24/7 agency home care... Read More →
CARES Act Retirement Plan Considerations and Benefits
As part of the federal economic response to the COVID-19 crisis, the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) was put in place. Below are some provisions of the Act that may impact an individual’s retirement and tax... Read More →
Qualified Charitable Distributions from IRAs
Jay H. Krall, Attorney at Law Making Qualified Charitable Distributions (“QCDs”) from IRAs is a great way to reduce your taxes while achieving your charitable giving goals. Unlike traditional gifts of cash or stock to charities, QCDs don’t create a... Read More →
New RMD Rules
The recently passed SECURE Act has implications for owners of retirement accounts. The two changes included in the act that would most affect our clients are changes in the age at which required minimum distributions (RMDs) must begin, and how... Read More →
Personal Records Retention Policies
Good recordkeeping can make your life easier. While record retention policies are often geared towards businesses, your personal files should also be kept safe and well organized. When creating your retention policy, you should consider state and federal statutes of... Read More →
Power of Attorney Considerations
If you have not already done so, you may want to consider empowering someone to act on your behalf with regard to your assets. Also, you will want to consider the extent and conditions of the authority you may confer.... Read More →
Should You Take Advantage of North Carolina’s New Uniform Power of Attorney Act?
Jay H. Krall, Attorney at Law North Carolinians have a new Uniform Power of Attorney Act (“the new Act”) that became effective on January 1, 2018.[1] Powers that an agent appointed in a power of attorney (“POA”) can exercise under... Read More →
Effective Cash Management Strategies
After monthly expenses have been paid you may be left with excess cash in your checking account. Many individuals allow these funds to build up at the bank without a second thought. In this low-interest rate environment, rates offered by... Read More →
Historically Low Bond Yields
Market-linked income notes may offer investors a solution to the low bond yields currently available. These notes are issued by financial institutions and pay a relatively high contingent yield based upon the performance of one or more underlying stock market... Read More →