April 27, 2016
by Raleigh Lawyer
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Best Practices for Small Businesses

Best practices are important in small businesses, whether you are just starting out or you have been around for a while. A best practice, in simple terms, is a way to improve a process. It can help streamline areas of your business, prevent mistakes, increase productivity, and reduce costs. Below, you’ll find tips to help from our lawyer in Raleigh NC.

Best Practice Tips From Our Lawyer in Raleigh NC

Many small businesses borrow ideas from larger companies. After all, they have tried and true techniques that have obviously worked since their businesses are successful and well established. Larger companies also have access to more key players, such as top level executives and other staff, that can devote time to creating standards. If you run a small business, chances are you are wearing many different hats and may not have time to devote to developing your own guidelines. We are here to help. Here are a few best practices that have worked for fellow business owners, both large and small.

Have a plan.

Having a business plan can be the foundation on which you build your company. If you have clear steps that can lead to your ultimate goal, you will be able to communicate it better with your employees and investors. Do not be afraid to make changes as your business grows and adapts to the market.

Build a great team.

When hiring for your company, make sure your employees have a similar work ethic and values in addition to the skill set needed to do the job. A candidate who has all the right experience but does not have the same ideas about work responsibilities may not be the best fit. Also keep in mind that sometimes a little experience and a lot of enthusiasm can make an excellent employee who may grow into an integral part of your team.

If you’re interested in learning more about best practices for small business, do visit back with our next blog post. Our lawyer in Raleigh NC will have other tips for you!

Klish and Eldreth | Lawyer in Raleigh NC

Our lawyer in Raleigh NC is here to help you with all your small business needs. Whether you’re starting a new venture or making changes to an existing company, we can help with legal situations. Contact us to make an appointment!

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 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 estate planning, divorce, child custody, trademarking, copyrighting, or DWI issues.

 

April 23, 2016
by Raleigh Lawyer
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Estate Planning for Beginners: What’s Next?

In the this post on estate planning for beginners, let’s talk about what happens next. Now that you know what an estate is, what an estate plan includes, if you should hire a wills lawyer in Cary NC, and if you should include a living trust, you should be well on your way to creating an estate plan.

What’s Next? | Wills Lawyer in Cary NC

Once you have created one that outlines your wishes and gives you the peace of mind knowing that your family will be cared for when you are not around, what should you do next?

First, decide where to put them. If you have all of your estate plan documents in order and signed off on, pick a safe place to keep them. If you have a safe deposit box at home where you keep other valuables, you can keep it there. Or, if you have one at a bank, that would also be an ideal place.

You want to make sure it is in a secure and safe place, but that it is accessible. Make sure that your spouse or other trusted person knows where it is when the time comes to administer it. If you are single, you can ask your attorney to keep it for you.

If you make copies of your plan, make sure that it is done officially. Check with your attorney about your state’s procedure. The documents may need to be copied in front of a witness, or done through a public notary.

You may want to share a copy with the person named trustee or executor of your estate as well as with your wills lawyer in Cary NC.

We hope this series estate planning for beginners was helpful. There are many facets to an estate plan, so if you still have questions, a lawyer can help determine what will work best for you.

Need to visit back with other blogs in this series? Click on the links below!

Klish and Eldreth | Wills Lawyer in Cary NC

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 wills 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.

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.

April 23, 2016
by Raleigh Lawyer
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Estate Planning for Beginners: Updates

Now that your estate plan is complete and secure, do not forget that it may need changes down the road. Things in your life may change that may require updates to your plan. If you get married or divorced, remarry, have children or have another major life event occur, you will need to update your estate plan to reflect those changes.

Making Updates to Your Estate Plan | Probate Lawyer in Cary NC

Other changes involving finances, including large purchase or sales, or new business ventures, may need to be accounted for and revised in your plan.

Do not forget to update your retirement accounts and insurance policies to match the beneficiaries designated in your will. If the names differ, the one on the actual policy or account will override what you have in your estate plan.

Also keep in mind who you have designated as a trustee or executor may change over time. That person may become incapable of carrying out your wishes, or he or she may pass away. You may also choose to change your beneficiaries. You may not change your will on a whim the way it is sometimes portrayed on television among bickering family members, but there could be changes in relationships that will make you want to change your designations.

We hope this series for estate planning for beginners was helpful. There are many facets to an estate plan, so if you still have questions, our probate lawyer in Cary NC can help determine what will work best for you.

Klish and Eldreth | Probate Lawyer in Cary NC

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 probate 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.

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.

Contact our office, today to make an appointment to speak with our probate lawyer in Cary NC. Don’t wait to start your estate planning!

Need to visit back with other blogs in this series? Click on the links below!

April 21, 2016
by Raleigh Lawyer
Comments Off on Estate Planning for Beginners: Do I Need a Trust?

Estate Planning for Beginners: Do I Need a Trust?

In this series, our estate lawyer in Cary NC is discussing what a beginner may need to know about estate planning. We have defined an estate, outlined what is included in an estate plan, and talked about why consulting with a lawyer may be the best choice for you. Now let’s talk about trusts.

Trusts | Estate Lawyer in Cary NC

An estate plan consists of several documents including a will, but some prefer to create a living trust instead. Whether or not creating a trust is right for you will depend on your situation.

A living trust is established to control your assets while you are alive. It is created so that when you pass away, the assets in it are passed to your heirs without going through the probate process, which can be lengthy and expensive. There is often a quicker distribution of funds to your heirs, sometimes in as little as a few weeks. A will that goes through the probate process can take months or even years to complete.

Living Trusts | Estate Lawyer in Cary NC

When you create a living trust, you have control over it. It must be funded in order to work, so you will have to transfer your assets into it soon after it is established. You can still benefit from your assets while you are alive, but upon your death, the person you named your trustee will oversee it.

Another benefit of creating a living trust is the privacy it offers. A trust is never made public, while a will is considered public record. A will and any transactions related to it can be made public, too.

If you own property out of state but it is included in your living trust, it will not be subject to its own state’s probate process.

A will may cost less to draft, but if you have a large estate and/or want to avoid having your family go through the probate process, a living trust can be worth the money. In addition, if you feel that someone in your family may contest your final wishes, a living trust will hold up in court better than a will.

If you have children that you want to take care of financially upon your death, a living trust can be a better choice because it is less likely to cause your assets to be tied up in court proceedings.

While a living trust may be beneficial for some, there are a few situations when it may not be the best choice. For instance, if you are young and own a home but plan to move in the next few years, establishing a trust and funding it with your home is going to complicate things when you go to sell it. You would have to put the title in the name of the trust rather than keep it in your name.

If you are married and your spouse would inherit your assets upon your death, and there are no other people you want to name as heirs, then a living trust may not be worth the time and effort because most state laws will pass anything you own together to the surviving spouse.

Estate Lawyer in Cary NC

Still unsure of whether or not you need a living trust in your estate plan? You can always check with our estate lawyer in Cary NC who can help with estate planning. We will be able to provide guidance on what will be best for you and your situation. Contact our office to set up a consultation.

Need to visit back with other blogs in this series? Click on the links below!

April 21, 2016
by Raleigh Lawyer
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Estate Planning For Beginners: Hiring an Attorney

Welcome back. We are are to talk more about whether or not you might need an attorney in Raleigh NC to help you with estate planning. If you missed our previous blog, visit back with it, soon.

Do I Need an Attorney in Raleigh NC?

Many people have complex financial affairs because of assets such as property or businesses that are co-owned, or because of personal situations such as blended families. If one or more of the following situations applies to you, you may benefit from having an attorney in Raleigh NC to help draft your estate plan.

  • You have divorced and/or remarried.
  • You have children from a previous marriage.
  • You have children from your current marriage.
  • You don’t have any children or a spouse.
  • You are in a relationship but not legally married.
  • Your own real estate or a business with someone.
  • You have children under the age of 18.
  • You have elderly parents that you take care of financially.
  • You are the guardian of a disabled family member.
  • You have substantial assets in investment or retirement accounts.
  • You want to leave money to a charity.

There are numerous situations that may require input from a lawyer in order to ensure that the documents you draft not only meet your needs, but also meet the requirements of state law. You do not want to create an estate plan on your own that will not do what it is supposed to do – protect your assets so that they will go to the people you name, and protect your family so that they will be provided for as you wish.

An attorney in Raleigh NC who knows about estate planning will be able to review your situation and provide the best solutions that will meet your needs and will also be legally sound. He or she may also suggest other things that you may not have considered before, such as creating a durable power of attorney or a healthcare directive to give guidance in situations where you may not be able to make decisions on your own anymore. There are many facets to an estate plan. Klish and Eldreth can talk with you about your situation and help guide you in creating a plan that meets your needs. Contact us, today.

Need to visit back with other blogs in this series? Click on the links below!