Articles

Healthy Profits, Sick Marriage: Estate Planning for the Separated Business Owner

A business owner who is going through a marital separation understandably focuses on the property valuation and division issues inherent in separation and divorce. The owner naturally assumes that, as painful as the proces…

Don't Bury Your Head In The Sand - Estate Planning For The Beach House

The recent explosion of beach real estate prices has enhanced significantly and unexpectedly the wealth of many North Carolina residents. Individuals who once considered relaxation and family time the true value of their b…

Advanced Estate Planning Techniques

The following is a brief summary of estate planning techniques that may be used to transfer wealth to younger generations while minimizing estate and gift taxes. This discussion assumes that use is already being made of an…

The Low-Profit Limited Liability Company ("L3C") – North Carolina's New Double Hybrid Entity

On August 3, 2010, North Carolina created a new type of entity when it adopted legislation recognizing the low-profit limited liability company (also known as the "L3C").  The L3C is a hybrid form of a limited liabili…

"Not in My Family": Will Disputes in North Carolina: Caveats, Testamentary Capacity, and Other Phrases You Should Know

Almost everyone recognizes the importance of having properly prepared will and estate documents. Among other things, they ensure that your property and assets are distributed according to your wishes upon your death. Howev…

Letter of Intent: Is It Really What You Intended?

Written By Justin M. Lewis

"Letters of intent" are often used by parties who are thinking about entering into a contract with another party, but who do not yet want to be bound by any particular provisions.  There are several reasons why a busi…