May 31, 2017
by Raleigh Lawyer
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Unique Estate Planning Situations, Part One

Often times we think about estate planning in Raleigh NC for traditional family situations. However, there are many instances where these types of plans will not work. Sometimes, unique estate planning is necessary. Over the course of the next few blog posts our lawyer is going to talk more about the special circumstances. If you or someone you know need help with this type of estate planning, feel free to contact our lawyer. We are here to help.

Unique Estate Planning in Raleigh NC

Business owners have a special circumstance when estate planning in Raleigh NC. It’s important to consider incorporating the business within the estate plan. For those who have a partner, it’s important to consider this, as well.

For those family businesses that employee relatives, this also requires a different type of estate planning. There should be a succession plan in place, as well. When primary owners pass away, part owners do not become legal owners unless the succession plan allows it.

In situations where there is a second or third marriage, stepchildren can be a unique situation. It’s important to plan properly so that stepchildren are able to receive gifts that you leave them. Unfortunately, state laws might leave them without any inheritance if proper planning does not take place. Probate might leave the distribution of your belongings two children from your first marriage and exclude new children or stepchildren.

If you have any questions about blended families and second marriages when it comes to a state planning, be sure to contact our lawyer. This is a unique situation that might take a little more planning in order to ensure everything is properly planned.

Klish and Eldreth | Estate Planning 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.

Missed other blogs on this topic?

  • Unique Estate Planning Situations, Part One
  • Unique Estate Planning Situations, Part Two
  • Unique Estate Planning Situations, Part Three

May 29, 2017
by Raleigh Lawyer
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Do You Need a Small Business Attorney?

Welcome back! Our attorney in Raleigh NC is here to talk more about why you might need a business attorney upon opening your own small business. If you missed our previous blog, visit back with it for more information.

Do I Need an Attorney in Raleigh NC?

  • How do you prefer to communicate? If you like to talk on the phone, but your lawyer prefers emails, then you may end up with a communication issue down the road. Find out the best way to reach them and decide if it will work for you.
  • Is my business compliant? There are federal, state and local laws for a business to follow. Failing to comply with them could result in fines or penalties. You can check with your lawyer to make sure you have not missed a regulation or law.
  • What are payment options? Some lawyers may charge by the hour or day, and some may want a monthly retainer. It will depend on the scope of the work. Find out beforehand how charges will be applied. You can ask for an estimate if you need several services.
  • What have I overlooked? When you were planning your business, you probably tried to cover all the bases, but there could be areas you overlooked. After reviewing your business plan or other files and documents, see there are any areas you did not plan for or did not include.
  • What HR policies do I need? As a small business owner, you are probably tasked with managing human resources issues among your employees, even if you only have one or two. In order to protect your business, having documents outlining your HR policies along with the hiring and termination process can be reviewed with your lawyer.
  • What records do I need to keep? It is important to have accurate records in order to manage the financial aspects of your business. Ask your attorney in Raleigh NC which documents are needed for tax purposes as well as liability. If you are ever faced with a lawsuit you will want to be prepared with the right information for your case.

Stay tuned for more information that might help you choose whether or not you need an attorney in Raleigh NC!

Are you starting a small business? Get legal support from our attorney in Raleigh NC. 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 our attorney in Raleigh NC 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.

May 27, 2017
by Raleigh Lawyer
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Do You Need a Small Business Lawyer?

 

Do you need a small business lawyer in Raleigh NC? This question might be asked frequently for one that is just planning to start their own business. While the choice is ultimately yours, there are a few things to consider when making your decision. Below, you’ll find a few questions and answers that could help you in your choice.

Do I Need a Small Business Lawyer in Raleigh NC?

  • Do you have clients that would cause a conflict of interest? If you do not feel comfortable having a lawyer represent someone else in your industry, perhaps even someone that could be considered a competitor, then make him or her aware beforehand.
  • Do you have experience in my industry? If the lawyer in Raleigh NC is familiar with your industry, or a similar one, it can be helpful because he or she will know what processes to follow and may have insight that you would not have known.
  • How can I prepare for a lawsuit? No one wants to get sued, but there is a chance it will happen. If your business grows, there is more of a chance because of increased clients, more employees and more activity within your business that could lead to a lawsuit. You and your lawyer should be able to prepare a plan of action if it were to happen.
  • How do I protect my business name? You may have worked hard to come up with a unique name that represents your business. Once you have established it, you will want to protect your reputation. You can ask your lawyer for advice on registering trademarks or logos. Our lawyer in Raleigh NC offers services in intellectual property law, which covers trademarks and copyrights.

Are you starting a small business? Get legal support from our Lawyer in Raleigh NC at Klish and Eldreth. 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.

As always, feel free to contact us with any questions or concerns you may have about estate planning. Also contact our lawyer in Raleigh NC 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.

May 25, 2017
by Raleigh Lawyer
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More Things to Consider For Beneficiaries

Welcome back. We are here to talk more about beneficiaries and why they’re important. If you have questions, contact our estate lawyer in Cary NC.

Estate Lawyer in Cary NC Talks Beneficiaries

  • It is important to name a beneficiary for each account listed within the estate plan or will. If no one is named, the account or policy may be subject to probate, which is a timely and costly process that could result in paying fees and taxes that could reduce the amount distributed. Most policies have an option for a secondary or “backup” beneficiary. You should name a second party in case something happens to both you and your primary beneficiary.
  • Probate is not needed for certain assets that have specific beneficiaries. When completing Beneficiary Designation forms, it’s important to name a person as the beneficiary. Contact an attorney prior to naming your estate the beneficiary of certain investments. Doing so may lead to probate and tax issues. Creating appropriate beneficiary designations and ensuring they are up-to-date can help decrease taxes and other costs for loved ones.
  • The people named on your policies and accounts should also match what is outlined in your will. They operate independently of each other, but it is best to make sure everything is consistent to avoid confusion later on.
  • When filling out your policies, make sure that you read the instructions to ensure that you are filling out the forms correctly. If you have questions, a lawyer with experience in estate planning can help answer them. Klish and Eldreth’s estate lawyer in Cary NC has years of experience in estate law and can help you with planning needs.

Common life events happen. These events might lead to reasons to contact your North Carolina estate planning attorney and update your beneficiaries. The list below suggests a few of those reasons:

  • Death of a relative
  • Divorce
  • Job change
  • Marriage
  • New baby

Naming a second beneficiary might benefit you, as well. If you need to name or update your beneficiaries for life insurance policies or IRAs, feel free to contact Klish and Eldreth, PLLC. Our estate lawyer in Cary NC will do what we can to help you get your beneficiaries and estate plan in place.

Klish and Eldreth, PLLC

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 in Cary NC 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 today to get started estate planning.

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.

May 21, 2017
by Raleigh Lawyer
Comments Off on Things to Consider For Beneficiaries

Things to Consider For Beneficiaries

 

Beneficiaries are an important part of estate planning. Below, you’ll find information from our estate lawyers in Cary NC regarding their importance.

Things to Consider For Beneficiaries | Estate Lawyers Cary NC

  • Failing to update your beneficiaries, or neglecting to name them altogether, may leave life insurance and retirement accounts to unplanned heirs. It can also create probate expenses and cause tax issues. You may have a solid will in place, but sometimes that will not help avoid these issues. The best safeguard is to contact an estate attorney to assist you in designating and updating beneficiaries.
  • If a major life change occurs such as a marriage, divorce, birth, or death, then who you designate as your beneficiary may need to be changed. If you get a divorce and do not change your beneficiary from your former spouse, he or she will collect on your policy or account. Even if you have updated your estate plan and will to reflect changes, the person named in the actual policy or on the account overrides what is in your will. Many people review their estate plan and policies once a year in order to ensure that everything is up to date.
  • If you are considering naming your estate the beneficiary for a policy or account, consider that it may have to go through probate court before it is distributed. There may also be tax consequences that can decrease the payout. Consult with estate lawyers in Cary NC before making that type of designation.
  • If you are designating different accounts for multiple heirs, such as adult children, keep in mind what type of accounts you are distributing. They may increase in value unevenly, making the amounts the children receive differently. This can cause hurt feelings and confusion later on if they do not understand why they may have received less than a sibling. When naming a beneficiary, check with your attorney before designating minors, such as your children, because you may be better served to create a trust.

To learn more, visit back with our next blog post. There, our estate lawyers in Cary NC will share more information.

Klish and Eldreth | Estate Lawyers Cary NC

Remember, estate planning is important. It’s a way to ensure your loved ones are cared for after you’ve passed. It’s also a way to distribute your belongings to specific loved ones as well. It’s important that one not pass without this document. Doing so can result in a court case that will leave your loved ones stuck in probate court. This could be not only time consuming but expensive as well.

Regardless of whether you’re married, single, wealthy, childless or a parent, it’s important for all adults to have an estate plan and the proper documents in place at the beginning of each year. If you’re ready to begin planning your estate contact our estate lawyer in Cary NC, today.