austin, Author at Forbes Law Firm PLLC

Navigating Trusts for Personal Injury Settlements: A Comprehensive Guide

Experiencing a personal injury can be a life-altering event, often resulting in significant financial challenges. However, when compensation is awarded through a settlement or judgment, managing those funds wisely becomes paramount. Establishing a trust for a personal injury settlement is a strategic way to safeguard the funds, ensuring long-term financial stability while preserving eligibility for […]

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Gen Xers and Millennials Poised to Inherit Trillions

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The phenomenon known as the great wealth transfer could shift $72.6 trillion directly to these heirs over the next two decades. Many parents want to pass on their wealth, but also want to ensure the funds are used to make life easier and not be a crutch. See this recent article from Market Watch for

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How Can a Specific Power of Attorney Work for Me?

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Powers of Attorney allow for someone you have specified to make decisions on your behalf during periods when you are incapacitated. For most people, a durable general power of attorney (POA) which has broad authority is the best choice. However, there are certainly situations where you may want to narrow the scope of your agent’s

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Estate Planning and LLCs for Business Owners

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Creating a Limited Liability Corporation (LLC) for your business can be a wise part of your estate plan. LLCs helps protect assets and avoid taxes and probate. Limited Liability Corporations Provide Personal Protection from Business Liabilities If you are a sole proprietor or partnership, personal assets such as homes, cars and investments are subject to

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Pet Trusts and Your Furry Loved Ones

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Have you ever considered what would happen to your beloved pets in the event of your passing or incapacitation? No different than preparing for the care of minor children, you can create an estate plan that encompasses financial and guardianship care for your pets by utilizing a pet trust. As more people are becoming aware

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When Creating Estate Planning Documents Should I Include My Funeral Wishes?

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As an estate planning attorney, I get this question often. Most people like the idea of being able to express their wishes whether it be for burial or cremation, choice of burial site, the type of casket or urn, the style of tombstone or cemetery marker, and the type of funeral rite and music. Though

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3 Common Misconceptions About Wills and Estate Planning

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Though a will is essential to any estate plan, there are some things a will cannot do. It’s important to be aware of these situations and adequately discuss them with your estate planning attorney when preparing a will. Asset Transfers A will is not able to pass down all types of property. Wills cannot pass

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What Is A Living Will And Do I Need One?

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This is a common question. Generally speaking, I actually advocate for clients to consider an Advanced Healthcare Directive which is a legal document combining both a Living Will and a Healthcare Power of Attorney. In this document, the Living Will allows you to express your personal wishes regarding life prolonging healthcare decisions in the event you

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How Can A Professional Help Me With Estate Planning?

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On the legal side of estate planning, it’s important to ensure that all of your documents are legally sound and meet all the requirements for your specific needs. In this regard, hiring a specialized estate planning attorney is generally a smart move. As an estate attorney in the Lake Norman area who not only drafts

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Author name: austin

Navigating Trusts for Personal Injury Settlements: A Comprehensive Guide

Gen Xers and Millennials Poised to Inherit Trillions

How Can a Specific Power of Attorney Work for Me?

Estate Planning and LLCs for Business Owners

Pet Trusts and Your Furry Loved Ones

When Creating Estate Planning Documents Should I Include My Funeral Wishes?

3 Common Misconceptions About Wills and Estate Planning

What Is A Living Will And Do I Need One?

How Can A Professional Help Me With Estate Planning?

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