December 9, 2017
by Raleigh Lawyer
Comments Off on Small Business Tips for the New Year!

Small Business Tips for the New Year!

Are you going into the new year with a mindset to grow your small business? If so, there are several ways you can do that! Our small business lawyer in Cary is here to help! Below, you’ll find tips from previous blogs posts that will get you ready for 2018! This recap will not only help you grow but also help you make changes or updates where necessary.

Small Business Tips for 2018! | Cary Small Business Lawyer

Review 

  • When you first started your business, you may have created a business plan to help keep you on track.
  • Whether you have been in operation for one year or 10 years, it is good practice to review that initial plan once a year. Sometimes running a business gets difficult and you lose sight of why you wanted to start your business.
  • Reviewing your business plan can help keep you aware of your original goals.
  • If your business has changed over the course of a year, you can modify your plan to show the changes.
  • Every year you will have a blueprint for how your business is changing and growing.

Competition

  • Often we are so busy trying to provide the best products and services from our own business that we overlook what the competition is doing.
  • Taking time to research your competition is a great New Year’s resolution.
  • See what they are getting right and take note of how you can use similar strategies.
  • Also note what they are doing that you don’t approve of so that you can ensure you and your employees will not go down that road.

Taxes

  • You are probably already in tax mode when the new year rolls around because you are preparing for the April deadline.
  • When you do your taxes, whether on your own or with professional help, look closely for any tax breaks you may be missing so that you can save money next year.
  • For instance, are there things you use for work that you are not writing off such as client lunch expenses or mileage for work-related trips?
  • Have there been any changes in state or federal law that apply to small businesses or industries such as yours?
  • Need help with this one? Contact our small business lawyer in Cary.

Budgeting

  • While you are looking at numbers, take the time to review your budget and expenses.
  • You may be able to cut costs in the new year in ways that will not affect your business, the quality of your service or product, or the work environment for your employees.
  • Do your employees use the bottled water service you pay to have delivered to the office? If not, stop the service.
  • It will be a small savings that adds up at the end of the year.
  • The money could even be used toward something your employees find more valuable, such as monthly birthday celebrations or appreciation luncheons.

To learn more about small business tips for 2018, visit with our next blog! If you have a small business and need help with legal issues that you want to be resolved before the new year, call Klish & Eldreth. Our small business lawyer in Cary can help!

Are you starting a small business? Get legal support from our small business lawyer in Cary. We can help you get your business off to a strong start by ensuring that your legal needs are met.  We’re committed to your success and will do everything within our power to protect your company. In addition to business, consumer and contract laws, we can also handle intellectual property matters such as trademarking and copyrighting.

Klish and Eldreth, PLLC

As always, feel free to contact us with any questions or concerns you may have about estate planning. Also contact us to schedule a consultation if you have yet to start estate planning. It’s never too early to make plans for your wishes upon death. In addition, our lawyer is here to help you with all your legal matters, whether it be entertainment law, trademarking, copyrighting, or DWI issues.

December 6, 2017
by Raleigh Lawyer
Comments Off on Estate Planning for Retirees, Part Two

Estate Planning for Retirees, Part Two

Welcome back! We are here to talk more about how retirees should plan in the event of an untimely death. Estate planning in Raleigh is it something that we rarely think about. Especially during the joys of retirement. This time is happy and exciting. Estate planning can be sad, boring and sometimes, can cause anxiety. However, it’s important to make sure you have everything in place, should you pass untimely. If not for yourself, but you loved ones. They’ll have trouble with distributing assets in a timely manner if you don’t have an estate plan. Your assets will go through probate and could take quite a while to be released.

Estate Planning in Raleigh for Retirees

Retirement is actually a great time to either began estate planning in Raleigh if you haven’t already or take time to update your current plan. Many times, things change in life and we don’t realize what needs to be reflected, changed or updated within our estate plan.

Below, you will find several tips that can help you get started in the matter what your initial efforts are. These tips will help you get started on your first estate plan, as well as help you update information that is no longer valid.

A trust can be helpful in an estate plan. This is a more private way to pass your assets down, as well as appoint a trustee to do the administrative duties. In some cases, a trust can also lower estate taxes.

  • Avoid probate
  • Allows your affairs to remain private rather than become public record
  • Gives you protection from court challenges
  • Although rare, there have been cases where a living trust or will has been challenged in court. When this occurs, a living trust is harder to contest
  • Help you avoid a conservatorship

To learn more about trust, contact our estate lawyer in Cary NC, now. They’ll be able to assist you, answer questions and clear up any confusion about this type of document.

Do you have a Roth IRA? If so, it’s important to consider these assets within your estate plan. Just like a checking and savings bank account, the Roth IRA account should be included in your list of assets. Many times, people convert their traditional retirement plans into a Roth IRA. In some cases, there are tax benefits to doing so. It’s important to talk with the lawyer about these situations.

If you missed a previous blog post, we talked more about estate planning for retirees. If you missed it, be sure to check back for more information. Also be sure to visit our next blog post, as well. They are you will find even more tips that can help you estate plan during retirement.

Estate planning is one of the most important parts of life that often times get overlooked. If you’ve yet to begin planning or haven’t updated in a while it might be time to think about doing so.  Just contact our estate lawyer in Cary NC to begin estate planning, today. As always, for more information from Klish and Eldreth, PLLC be sure to visit back with us, soon! If you have any questions, contact us concerning any and all estate planning concerns!

Klish and Eldreth | Estate Lawyer Cary NC

Are you looking for an estate lawyer in Cary NC that can help you?  Contact Klish and Eldreth, PLLC to schedule a consultation with us to get started with your estate plan. We are here to help you with all your legal matters, whether it be estate planning, trademarking, copyrighting, or DWI issues.

December 3, 2017
by Raleigh Lawyer
Comments Off on Estate Planning for Retirees, Part One

Estate Planning for Retirees, Part One

Are you planning to retire soon? If so, congratulations! This is an exciting and happy time. Most people work for 30 or more years before being eligible for retirement. That’s almost a whole lifetime of working. A break is deserved. We hope you enjoy your retirement years and you’re able to relax, travel or do whatever it is that makes you most happy!

Attorney in Raleigh NC Talks Estate Planning for Retirees!

Retirement is an exciting time. It’s also want to consider for estate planning. If you haven’t already begun or already have a plan in place, it’s important to start now, either planning or updating as necessary.

Over the course of the next couple blog posts, we are going to talk about estate planning for retirees and off for a few tips that can help you get started or update your current plan. If you have any questions, be sure to contact our attorney in Raleigh NC. We can help.

One of the most important parts of an estate plan is a will. Everyone should have one in place. Even if it’s not elaborate, having one should be a priority. Without a will, assets will go through probate upon your death. That means, loved ones could have a lengthy, confusing situation to deal with before being able to distribute your assets. Even then, it’s possible that your wishes will not be reflected in the distribution.

A will allows you to give specific instructions on how you like your assets to be distributed. It’s important to remember this so that you’ll be more likely to create a will during this time of planning.

Now that you’re retired, your IRA or employer retirement plan account should be designated to a beneficiary. It’s possible that you designated beneficiary years ago. However, you may need to update it. You might also need to take a look at the financial companies documented, as well as whether not you want to add additional beneficiaries at this time.

It’s also time to take care of a seemingly minor detail. Make a list of all your financial information. This could be helpful in many ways, after your passing. Right now, it might not seem important. However, later on, this list of information will be extremely useful.

If you’ve just retired or are planning to do so soon, be sure to stick with us. Our next blog post for offer even more information on retirees and estate planning! Stay tuned.

Klish and Eldreth | Attorney in Raleigh NC 

Remember, if you don’t have an estate plan in place or haven’t reviewed yours in several years, now might be the best time to start. Our estate lawyer is here to help you get your estate planning in order and ready should you pass in an untimely manner or become incapacitated at some point. It’s better to be safe than sorry when it comes to an estate plan. Contact our office.

As always, feel free to contact us at our office to schedule a consultation with if you are looking for a lawyer to represent you in other legal matters. We are here to assist you with small business needs, trademarking, copyrighting and  DWI issues.

November 27, 2017
by Raleigh Lawyer
Comments Off on Difference Between an Estate Executor and a Trustee, continued

Difference Between an Estate Executor and a Trustee, continued

A trustee is someone who handles anything that is held in a trust, and is named in said trust. When planning an estate, a person can choose to create a living trust, which can prevent the need for probate, making the duties of the trustee easier. In most cases, the trustee will have similar duties to the executor with the added task of handling probate. our lawyer in Raleigh NC is here to discuss this further. 

Estate Trustee | Lawyer in Raleigh NC

Another difference between an executor and a trustee is that when probate is complete, the executor has completed his or her job. However, a trustee may have ongoing duties if the assets are not distributed right away. If there are instructions for the trust to continue on after the person has passed away, then it is the trustee’s job to maintain it. For instance, if assets are left to someone under 18 years of age, the trustee will have to oversee the funds until the person reaches legal age. In these cases, it is sometimes advised that the executor is also the trustee, and that anyone named as guardian is not the trustee.

Both an executor and a trustee may receive compensation for their services. The executor may get a statutory fee, which is a percentage of the value of the assets subject to probate. A trustee receives compensation based on his or her experience and skill level. When a bank or trust company is used to manage a trust, they often have fees for their services.

Remember what we mentioned in our previous blog; in both cases, more than one person can be named. A will can name two or more executors of the estate, and a trust can have more than one person named as a trustee. If that occurs, all parties will need to act together in the best interest of the estate. It is important to name people who are trustworthy and will get along so that there will not be any complications in the distribution of an estate. We will continue this discussion in our next article. Be sure to visit back soon. 

Missed our previous blog? Visit back with it, here, to learn more about this important matter.

Estate planning is one of the most important parts of life that often times get overlooked. If you’ve yet to begin planning or haven’t updated in a while it might be time to think about doing so.  Just contact our lawyer in Raleigh NC to begin estate planning, today. As always, for more information from Klish and Eldreth, PLLC be sure to visit back with us, soon! If you have any questions, contact us concerning any and all estate planning concerns!

Klish and Eldreth, PLLC

Are you looking for a lawyer in Raleigh NC that can help you?  Contact Klish and Eldreth, PLLC to schedule a consultation with us to get started with your estate plan. We are here to help you with all your legal matters, whether it be estate planning, trademarking, copyrighting, or DWI issues.

November 27, 2017
by Raleigh Lawyer
Comments Off on Difference Between an Estate Executor and a Trustee

Difference Between an Estate Executor and a Trustee

Some people think an estate executor and a trustee are interchangeable roles, but they have different responsibilities. Each plays an important part in estate planning, but they are not the same. In many cases, they can be the same person, but each position has separate duties. Essentially, an executor carries out the instructions in the will while a trustee oversees the trust. Today, our estate planning attorney in Cary NC will talk about executors. 

Differences in Executors and Trustees | Estate Planning Attorney in Cary NC

When a will is written, the executor is the person named to settle the estate. He or she is given the task of carrying out the wishes of the deceased. This can include some or all of the following:

  •         Collecting assets
  •         Appraising the value of the estate
  •         Paying any owed debts
  •         Filing and paying taxes
  •         Managing property or businesses
  •         Selling assets, if applicable
  •         Closing bank accounts
  •         Arranging and paying for funeral services
  •         Distributing the remainder of the estate to the heirs

If an executor is not named in the will, or the deceased does not have a will, the court can appoint someone to oversee these duties. That person is generally called the administrator of the estate, but has many of the same responsibilities, although they can be limited. We talked about administrators in our previous blog post.

In both cases, more than one person can be named. A will can name two or more executors of the estate, and a trust can have more than one person named as a trustee. If that occurs, all parties will need to act together in the best interest of the estate. It is important to name people who are trustworthy and will get along so that there will not be any complications in the distribution of an estate.

 To learn more about trustees and how they differ from executors, be sure to visit back with our next post. Our estate planning attorney in Cary NC will talk in detail about them.

Working with an estate planning attorney in Cary NC can help you better understand this situation. Contact us to learn more. 

Estate Planning Attorney in Cary NC

You can work with an estate planning attorney in Cary NC to plan and to have someone appointed to take care of your estate when the time comes. This can ensure that you are protected and that you wishes will be carried out even when you are no longer able to express them. If you’re ready to start planning today, contact our estate planning attorney in Cary NC. We are here to help you.