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My blog can be a helpful resource as you plan your estate.
Information is powerful when putting together your estate plan. At Vail Gardner Law, I update my blog regularly with helpful estate planning information, as well as updates about my upcoming estate planning workshops and other news about my law firm in Durham, North Carolina.
The information on this website is for general information purposes only. It should not be taken as legal advice for any situation. By viewing this website, no attorney-client relationship is established.
How Can Inter Vivos Trusts Help Plan Your Legacy?
When it comes to legacy planning, there are a lot of important decisions to make. One of the most important is deciding how you want your assets and real estate distributed after you die. If you’re looking for a way to manage your assets and ensure they go to the right people, you may want to consider an inter vivos trust, also known as a living trust. Let’s look at what an inter vivos trust is and how it can help you plan for the future.
The Pros and Cons of a Simple Trust: How to Protect Your Assets
If you’re looking for an estate planning option that is straightforward, a simple trust could be the right solution for you. Unlike a complex trust, a simple trust doesn’t offer as much flexibility when it comes to asset distribution and tax implications. However, there are some definite advantages to using this type of trust. Let’s take a closer look at simple trusts and discuss how they can help protect your assets.
How to Avoid Estate & Inheritance Taxes in NC
You may want to help your loved ones pay medical expenses, college tuition, and a myriad of other things. However, you may worry about estate and inheritance taxes. Let’s look at how to give now and leave a legacy later without paying unexpected expenses and estate or inheritance taxes.
Domestic Asset Protection Trust: How to Safeguard Your Assets
If you have savings that you want to keep safe, you need asset protection strategies. There are so many ways to lose a nest egg, so financial priority number one is preventing loss of assets. Even better than that is preventing loss while keeping assets safe for future generations. A Domestic Asset Protection Trust (DAPT) can help you do just that. Even though North Carolina does not offer DAPTs, we can help you set up this type of trust in another state.
What is Legacy Planning?
Few things in life are as important as planning for the future of our loved ones. Legacy planning allows you to designate how you would like to bequeath your assets using legal tools and strategies. Let’s look at some of the benefits of setting up a legacy plan. We’ll also go over some of the different types of trusts that we can set up to protect your assets from taxes, probate expenses, and more!
Protect Your Assets with a Medicaid Asset Protection Trust
A Medicaid Asset Protection Trust (MAPT) is a particular type of trust that allows you to protect your assets while still qualifying for Medicaid benefits. With a MAPT, you can keep your assets in the trust and use them to pay for your needs without risking disqualification from Medicaid. A MAPT is the smart way to protect your assets while still receiving Medicaid benefits.