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Special types of trusts such as charitable lead or charitable remainder trusts can provide creative solutions to minimize estate tax while allowing you to donate to charity as you see fit. In fact, giving to charity during your lifetime and after your death can significantly reduce taxes on your estate. Estate administration or Probate involves the process of validating and administering the terms of an individuals Will after they die or administering the person’s estate per State statute if they die intestate. The probate process can be time-consuming and expensive, which may delay assets being distributed to your heirs and significantly reduce the value of your estate.
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We regularly employ strategies such as restrictive shareholder and partnership agreements, reorganizations of corporations, and limited liability companies (LLCs). To help achieve tax savings, we offer advice on establishing trusts for the benefit of family members that range from the simple to the complex and the many forms of charitable giving that may reduce tax liabilities. We also represent clients in interpreting wills and trusts, as well as resolving related disputes and litigation. Orsbon & Fenninger, LLP is a team of legal professionals with nearly 5 decades of combined experience, practicing in estate planning and administration, probates, taxation, business law, and elder law. The firm focuses on providing North Carolina clients within the Charlotte, Ballantyne, South Park, and Lake Norman areas a strong case and a professional service. Orsbon & Fenninger, LLP works to build professional relationships with its clients with trust and client satisfaction.
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Weather information is also provided with an insight on what to pack at any time of the year. The population was 6,418 at the 2000 census and the population rose to 8,642 as of 2010. It is included in the Knoxville Metropolitan Area in the state’s eastern region, along the Tennessee River southwest of Knoxville. University City is an edge city mostly within the city limits of Charlotte, North Carolina, United States, surrounding the University of North Carolina at Charlotte campus. It is found in northeastern Mecklenburg County, southeast of Interstate 85 and predominantly along University City Boulevard.
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A place where there is a balance between work, family, and social living.. If you don’t have one already, adding a life insurance policy to your estate plan can serve a number of different benefits. For individuals who have no exposure to estate taxes, life insurance is beneficial if you have a family that depends on you as the primary source of income or need additional funds to pay for things such as funeral expenses. For individuals exposed to estate taxes, life insurance can be used to pay any estate taxes due upon your death. A Will, sometimes called a Last Will and Testament, is a document that outlines your wishes as to how your assets are to be distributed after your death.
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One of the most common misconceptions we see when discussing estate plans with our clients is the belief that your assets are too insignificant to justify having a will or trust. Having an estate plan in place means you are making a concerted effort to make things as smooth as possible if something were to happen to you. The plan will act as your voice in the event you are unable to direct your family regarding your affairs. In the event of an untimely death, your estate plan can be used to express your wishes as to who you nominate to take custody of and care for your minor children.
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A Healthcare Power of Attorney is a form that allows an individual to make critical medical decisions on your behalf. One way a criminal case may be resolved in the state is through a plea bargain. In these cases, the defendant pleads guilty in exchange for a reduced sentence or criminal charge. If an agreement cannot be reached, the case will be set for trial and decided by a judge or jury. Carnell Johnson worked for the Mecklenburg County Public Defender’s Office before founding his firm. He and his firm obtained a mistrial for a client charged with possession of a firearm by an illegal alien.
CommScope and Corning, manufacturers of fiber optic cabling, became the region’s largest employers in the late 1990s. Indian Land is an unincorporated community in the northernmost part (the “Panhandle”) of Lancaster County, South Carolina, United States. It lies east of Fort Mill, just south of Ballantyne in southern Charlotte, and west of the villages of Marvin and Waxhaw in North Carolina. Visit Lake Norman is here to provide everything you need to know about Cornelius, Davidson and Huntersville. Browse through transportation listings to see exactly how to get to and from anywhere you need to be along the banks of the lake.
In the early days, Huntersville was a farming community with large plantations where cotton was grown by farmers. Huntersville was also home to The Virgin Manufacturing Company, a cotton mill, which stimulated development on the east side of the railroad tracks in downtown Huntersville. The population was 32,711 at the 2010 United States Census, making it the largest town in Iredell County.
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Maybe another relative, or you yourself, want to contest the deceased person’s will. The documents in an estate plan are highly customizable, and it is impossible to give one-size-fits-all advice for how to deal with these matters. This is why it is so important to have an experienced estate law attorney handle the process for you and your loved ones. While gifts made to charities are one way to lower your taxable estate, you should also consider making gifts to family members during your life. Utilizing the annual gift tax exclusion is another way to lower your taxable estate upon death, while also potentially reducing your exposure to annual income tax.
Personality goes a long way when teaming up with an attorney, especially when going through a potentially difficult legal situation. These rankings should serve as a reference and potential starting point in your search for the right lawyer for you and your legal concerns. The following services and websites can provide you with additional criminal defense information. Various sections of North Carolina law outline the requirements for the expungement of applicable convictions. Generally, the person petitioning for expungement must show that their request falls under applicable statutes and that they meet the required conditions to be eligible.
Rather than face jail time, those convicted may be able to be put on probation instead. Probation is when an offender must remain in a specific jurisdiction under supervision and must report to a probation officer for a set period of time. Parole, or allowing offenders to be released prior to serving their maximum sentence, is essentially eliminated in North Carolina due to the Structured Sentencing Act. This statute requires offenders to serve all of their minimum sentences and at least 85% of their maximum sentence for felony convictions.
Is a law firm with a team of proactive attorneys that works to build strong cases and client trust. The attorneys keep clients informed of the legal process and strive to fulfill their promises quickly. Stewart Law, P.A.'s lawyers have a high degree of skill handling issues related to business and corporate law, estate and probate planning, wills, and trusts. We are passionately focused on comprehensive estate planning, elder law, Medicaid benefits planning, probate, trust administration, and more for our clients across North Carolina.
Mr. Henninger has worked well with a wide range of groups, including the disabled, the elderly, small business owners, and corporate executives. Let an experienced estate planning attorney in Charlotte, NC help create an estate plan custom-tailored to you, by listening and carefully evaluating your financial situation. Our North Carolina estate planning attorneys have found that the best approach is to work as a team, ensuring all of your questions are answered, and informed decisions are made after considering all the available options. In Charlotte and throughout North Carolina, failing to have clear and properly executed estate planning documents can open the door for future conflicts.
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