You know how an incentive trust works: Your heirs are given a set of conditions, which are sometimes viewed as goals. If they reach them, the trust pays out either in part or in full. This is different than many trusts that simply pay out at certain ages, regardless...
People sometimes assume they must be blocking out traumatic memories if they're involved in a serious accident -- like a car crash -- and they can't remember the wreck itself. They may even find that they can't remember what happened after it, even though witnesses...
A man was paralyzed in a car accident in Black Mountain. Though he was brought to Mission Hospital's Trauma Center and has been getting care in the ICU, his family has now said that they do not believe he'll ever fully recover or be able to walk again.Not only does...
It is crucial that all adults have an estate plan so that the loved ones who are left behind know exactly what to do. The estate plan doesn't end with only a will. Of course, the will is the backbone of the estate plan.The will is the document in which you lay out...
When you draw up an estate plan, an experienced attorney will ask you to consider all possible contingencies. This not only helps ensure that your wishes are carried out regardless of what happens to others in your immediate circle, but helps avoid the need for...
If 2016 was your first year either paying alimony or receiving it, there are some important things to know about reporting it on your tax return.For instance, if you were previously able to use a short form, you'll no longer be able to. Alimony needs to be reported on...
Summer is coming. If you're divorced or planning on getting divorced, and you have children, things could get very hectic. The kids will be out of school, with a lot more time on their hands, and life changes drastically for parents.Experts note that there are a few...
Handwritten (holographic) wills are rare these days, but they are still recognized in some states, including North Carolina. Under North Carolina law, a holographic will is valid if:-- It's entirely in the handwriting of the testator (the person whose will it is). --...
Generally, if a will is drawn up by an experienced estate planning attorney, there is little room for family members or others to challenge it after a person's death. However, there are some grounds on which you can potentially challenge a will. Following are a few of...
One of the items that many couples include in their prenuptial agreements is who will get any jewelry given to one another during the marriage. If an engagement ring had significant monetary or sentimental value, the groom-to-be may also want to include a stipulation...
