The Plain English Attorney Blog

Far too many attorneys overcomplicate things, making topics convoluted and difficult to understand to the average person. This blog is committed to explaining legal planning topics in an easy to understand format, in plain English. Enjoy the blogs, and please let us know if there is a topic you would like covered.

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5 Toxic Lawyer Schemes #estateplanning #estatetaxes #financialplanning #longtermplanning #planning #probate #trustplanning asset protection asset protection trust common mistakes estate planning estate planning attorney lawyers advice north carolina planningattorney probate probate problems the plain english attorney™ trust trust planning Feb 19, 2024

It's unfortunate, but there are numerous estate planning practices that have become standard operating procedure at law firms that are not necessarily the best thing for the clients or their families. In fact, they seem designed specifically to make more money for the law firm than they are to...

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Five Things in Every Good Power of Attorney #estateplanning #financials #guides #planning #probate #trustplanning asset protection attorney advice estate planning attorney health care power of attorney lawyers advice powers of attorney trust planning Feb 12, 2024

As I was recently reminded while reviewing some legal documents for a prospective client, not all power of attorney forms are created equal. In fact, some people may mistakenly believe they are covered when that is far from the truth. Here are the five big things every good power of attorney...

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Estate Planning 101 Livestream Announced #estateplanning #estateplanningbasics #estateplanningbooks #financialplanning #genzestateplanning #guides #lastwill #lastwillandtestament #livingwill #planning #trustplanning #trusts estate planning attorney irrevocable trust revocable trust Jan 29, 2024

My law firm and other businesses are committed to providing planning education in the areas of estate, financial, and care assistance planning, and we are adding open livestreams through The Plain English Attorney® YouTube channel. Our 2024 kickoff event is Estate Planning 101 where we will...

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2024 Death Taxes Explained #estateplanning #estatetaxes #financialplanning attorney advice estate planning attorney generational wealth the plain english attorney™ trust trustee gifts Jan 22, 2024

A general question I hear from new clients is whether or not they have to worry about "death taxes." The term "death tax" is actually political, and candidates use it as a campaign football. In actuality, there are several different taxes related to estates and inheritances that may or may not...

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"Never, Would I Ever..." #estateplanning #estateplanningbasics #planning Dec 18, 2023

"Never, Would I Ever..." Estate Planning

When many people are thinking about estate planning for the first time, it is not exactly the most comfortable thing to think about. Because of that, there are a lot of contingencies, pathways, and options that people fail to consider. But that's...

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Can I Inherit a Tiger? #estateplanning estate planning pets Nov 13, 2023

When volunteering recently with my Civitan club at the Carolina Tiger Rescue, the question popped up on whether or not you can inherit a Tiger in light of the Big Cat Public Safety Act of 2022, and that naturally led to questions about Pet Trusts and what kind of language is needed in an estate...

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Charity Minefields in Estate Planning #estateplanning #trustplanning #trusts 401k assets attorney advice charity ira north carolina stocks tax-deferred accounts Jan 16, 2023

Giving to charities through gifting and estate planning can provide may rewards, and not just a good feeling knowing you are helping others. There are plenty of tax breaks that can come along with being charitable. However, there are also several minefields that can unintentionally hurt you and...

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New Year’s Revolutions #2023 #estateplanning #estateplanningbasics #financialplanning #legaldocuments #longtermplanning #newyear #resolutions address the press fact-based Jan 02, 2023

It sounds ridiculous that it even has to be stated, but with the New Year we need to focus on fact-based solutions to our problems... and that will be considered "revolutionary." As I usually do, I have been on my annual end-of-year break and, unfortunately, I had a chance to dig a few inches...

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‘Twas the Night Before Probate #beneficiary #costs #estateplanning #probate #probateprocess #seasonalfavorites Dec 19, 2022

'Twas the night before probate, and all through the house

Not an asset was spared, for there was no spouse

Nor were there children, or any appointed heirs

For the deceased had no plans, nor had he cared

 

The forms were stacked high, with supporting documentation

Billable hours were spent,...

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Seven Traps and Five Power-Ups in Special Needs Estate Planning #beneficiary #estateplanning #planning #specialneeds #specialneedsestateplanning Nov 21, 2022

There are multiple traps, myths, and outright falsehoods when it comes to estate planning for a special needs beneficiary, and it doesn’t help when these lies spread like wildfire. But why do they spread? Usually because someone had a single good or bad experience, and they wrongly...

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Seven Things NOT to Put in Your Will #estateplanning #lastwill #lastwillandtestament #whatisestateplanning #whatshouldiputinmywill #will Nov 07, 2022

A Last Will and Testament is supposed to be a way to communicate your wishes after you’re gone… but there are a lot of “extra” things DIY people (and even some attorneys) put into Wills that really don’t belong there and could cause problems down the road.

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What is the Estate Planning Process? #estateplanning #estateplanningbasics #genzestateplanning #whatisestateplanning #whatisestateplanningformillennials Oct 31, 2022

When people meet with an estate planner for the first time, it is often uncomfortable. After all, they're there to talk about death and where their stuff goes. It's not a subject that most people are eager to address. But it's something that everyone needs to do. So what can the estate planner do...

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