Let’s Start Planning Your Future Today
Whether you need to create a simple Will, protect your assets, or plan for your business, our team is here to help.
Schedule Your Free Consulation06
Mar
Do Not Miss Out on All of the Medicaid Exemptions You are Entitled To
Medicaid rules can be confusing and even Department of Social Services caseworkers get their own rules wrong from time to time. Having an advocate that can work through the maze of rules can pay off for the family. In North Carolina, a Medicaid applicant can have up to a $10,000...
View MoreCategories: Elder Law Estate Planning Legal Advice Medicaid Vets
06
Mar
Planning for Incapacity in Estate Plans
As our population ages, the prevalence of dementia and other cognitive impairments that make it difficult to conduct business affairs is on the rise. An aging, demographics, and memory study conducted by the US government found that individuals over age 71 had a 13. 9% incidence o...
View MoreCategories: Elder Law Estate Planning Guardianships
06
Mar
Tiffany Tyler Resigning Prior to Move
It is with regret that we at Strauss Attorneys, PLLC announce the resignation of Attorney Tiffany Tyler. Tiffany has been offered another position in Minnesota and has chosen to move there with her husband to be closer to family. Since Tiffany joined our firm she has been a va...
View MoreCategory: Firm
06
Mar
Business Succession and the Graceful Exit
As trusted advisors, our clients depend on us for timely and well-informed advice. It is inevitable that all business owners will eventually exit their business; it is simply a matter of when, how and under what conditions. Ultimately, the desired result for exiting a business is...
View MoreCategories: Business Planning Estate Planning
06
Mar
Using Pet Trusts to Provide for Your Pets After Your Death
There’s a saying that “a dog is man’s best friend”, and with good cause. Many of us treat our pets as part of our family, often as if they were our children. For those of us with pets, we want to make sure they’re taken care of if we can no longer do it ourselves; whether due to...
View MoreCategories: Estate Planning Trusts
06
Mar
Does a Revocable Living Trust Offer Protection Against Lawsuits?
The Revocable Living Trust is very popular in America. A living trust helps you avoid the cost and delay of probate. You can also avoid the dangers from jointly owning assets. But here’s the downside: a revocable living trust won’t protect you from lawsuits. Though a revocable tr...
View MoreCategories: Estate Planning Trusts
06
Mar
New Rules to Help Veterans with Medical Expenses
Veterans and their spouse should be aware that there are new rules that went into effect on October 18, 2018, regarding qualification for a type of Veterans’ assistance known as Improved Pension, with Aid and Attendance Benefits. Unfortunately, these new rules have put in place p...
View MoreCategories: Elder Law Estate Planning Legal Advice Medicaid Vets
06
Mar
Federal Transfer Taxes
The Internal Revenue Service has announced the annual inflation adjustments for the 2019 tax year: 2017 2018 2019 Gift and Estate Tax Exclusion $5,490,000 $11,180,000 $11,400,000 GST Tax Exemption $5,490,000 $11,180,000 $11,400,000 Gift Tax Annual Exclusion $14,000...
View MoreCategories: Estate Planning Ira Distribution Planning Taxation
06
Mar
What does it mean when the assets of someone who has died goes through probate?
Below is a simplified version of the first 90 days of the probate process…. In North Carolina, the Clerk of Superior Court (the “Clerk of Court”) is the basically the Probate Judge and is responsible for overseeing most all estate matters. Appointment: If a resident of North Caro...
View MoreCategory: Trust Administration
06
Mar
Green Burials
A question that is raised more and more during consultations with my clients relates to the concept of “green” burials. When I speak with a client about their desires regarding the disposition of remains, there are usually only two options to discuss: cremation or burial. We disc...
View MoreCategory: Estate Planning
