In North Carolina, limited methods exist to pay for skilled care in a nursing home. Assisted living facilities are governed by an entirely separate set of rules and payment programs and are not discussed in this article.
Three methods are available for nursing home payment in North Carolina: ...
By Michael P. Thomas
While the CARES Act is about to be voted on by the House today, Employers should note a few key provisions relating to the payroll continuation forgivable loan program, at least as the bill now stands:
The “covered period” is March...
By Michael P. Thomas
Now that COVID-19 has arrived in Catawba County, we wanted to update our clients on legal changes made in response to the health care situation and highlight a few points.
Expanded Unemployment
Governor Cooper has expanded unemployment eligibility in...
By Kimberly Whitley
Certain types of assets routinely cause issues in estate planning and administration. The issues and suggested solutions are detailed below:
Mobile Homes. Frequently, clients transfer mobile homes by executing a Bill of Sale rather than transferring the Certificate of Title for the mobile...
Congress has passed the Setting Every Community Up for Retirement Enhancement Act (“SECURE ACT”), effective as of January 1, 2020. The SECURE Act contains some major changes for distributions relating to retirement accounts, including the following:
Stretch payments. In general, a spouse beneficiary can continue to roll over...
Originally written by Kim Whitley for Outlook
Estate Planning does not end with signing the documents. The following tips will help your family in the event of death or emergency:
Document Distribution - Make sure you have distributed copies of your Durable Power...
Although planning in advance for facility care is best, an unanticipated health event may necessitate instant action to protect assets. Some techniques which may work are set forth below:
Purchasing a one-percent (1%) interest in the homesite or other real property as joint tenants with right of survivorship. If a...
Estate planning is an important legal process for every adult, regardless of age or net worth. While it accomplishes the task of planning for the disposition of your assets, the real goal of estate planning is achieved through the peace of mind it brings to you and your family. Although each...
Originally written by Kim Whitley for Outlook Newspaper.
Proper Planning can reduce the difficulty of handling an estate. Avoid these mistakes to make the estate process easier:
1. Not adding beneficiary designations to assets, including bank accounts.
Assets which pass by beneficiary designation...
Originally written by Kim Whitley for Outlook Newspaper.
Handling an estate can be a difficult task. Fortunately, North Carolina offers some “short forms” of estate administration to make the process easier and avoid a full administration:
1. DMV Form MVR-317. If a vehicle is the only asset...
