Level Four - Revocable Living Trust
Our Level Four documents include the Level One documents and a Last Will and Testament with a Revocable Living Trust.
Living trusts can be revocable or irrevocable, with revocable living trusts being the most popular. A revocable living trust takes effect immediately upon being established, allowing you to retain control over your property during your lifetime, and to specify what should happen to trust property in the event of your death or disability.
Assuming a living trust is properly funded, meaning that all appropriate property has been transferred into the trust during your lifetime, it can help you avoid probate when you pass away, and it can help you avoid the need to have a guardian or conservator appointed in case you become mentally incapacitated during your lifetime.
We are experienced and innovative negotiators. We are also seasoned litigators, experienced in complex family law cases. We are knowledgeable about intricate financial matters and the rules of procedure and evidence.
The separation and divorce process can be very complex, whether it involves a modest financial situation or more high-income individuals. These can include individuals who work for employers or are self-employed. We have the resources, experience, and presence necessary to resolve both simple and complex divorce matters in a timely, cost-effective manner whether your case requires an attorney to prepare to proceed with litigation and/or trial in order to protect a client's financial situation, while at the same time pursuing an amicable and expeditious resolution of the matter. Reaching a settlement may not always be an option, but under either scenario, we ensure that the client understands the financial landscape of the marital estate and the emotional toll of separation and divorce on the family.
Young Law Offices offers a comprehensive range of family law services from advice and counseling from the simplest to the most sophisticated and complex family law matter including negotiating agreements, mediating disputes, and litigation involving:
Estate Planning After Divorce
A divorce is a life-changing event that changes your family structure, so change your estate planning documents accordingly. Update your will by adding or remove beneficiaries and property gained or lost in the divorce.
Questions to Ask About Your Estate Plan After Divorce
Family Life & Wealth Planning (Estate Planning)
A comprehensive wealth management process with short and long-term strategies is essential to determine the necessary steps you need to take in order to achieve your financial goals for you and your family. We develop sound strategies for estate planning, retirement planning, and the use of trusts to safeguard and protect your assets. Our goal is to help our clients analyze and implement strategies that will efficiently maintain and transfer wealth, while minimizing income, gift, and estate tax consequences for them and their families.
We offer several levels of planning to meet the needs and budget of each of our clients.
Family Life & Wealth Planning Packages
Social Security Disability
Social Security Disability Insurance (SSDI) is a federally funded program designed to provide income for qualifying individuals who are unable to work because of their disability or to the family members of those disabled people that have a qualifying work history. SSDI is paid on a monthly basis to its recipients and received by those who have paid Social Security taxes.
The Social Security Administration (SSA) makes it very difficult to file a successful application for disability benefits. An initial denial does not necessarily mean that the applicant is not entitled to benefits. The attorneys at Young Law Offices understand the impact a denied Social Security disability claim can have on an individual and their family, especially when these benefits are the applicant’s main source of income.
The Social Security Administration (SSA) requires extensive paperwork, ample medical documentation and has drawn-out appeals processes. It is important to understand the Social Security Administration's adjudication process. In addition to fulfilling the earnings requirements that the Social Security Administration dictates, you must present a convincing and organized claim to show that your limitations from your mental and/or physical impairments arise to the level of a disability that prevents you from working.
Social Security uses a step-by-step process involving five questions to determine whether an applicant should receive benefits. The questions are:
1. Are you working?
2. Is your condition "severe"?
3. Is your condition found in the list of disabling conditions?
4. Can you do the work you previously did?
5. Can you do any other type of work?
Find out more at www.disabilitylawnc.com.
Alternative Dispute Resolution
Mediation and arbitration are the two main types of alternative dispute resolution (ADR). Alternative dispute resolution is the general term given to methods of resolving conflicts without involving a courtroom, a judge or a jury. Our attorneys educate and counsel clients on creative and cost-effective ways to resolve their disputes, including alternative dispute resolution (ADR) options like mediation and arbitration.
Young Law Offices attorneys work to help clients avoid litigation through various ADR methods.
Some of these advantages are listed below.
We are certified as a Superior Court Mediators as well as a Family Financial Mediators by the North Carolina Dispute Resolution Commission. Contact our office to learn more at 919-758-8644.
Level One - Incapacity Planning
Incapacity Planning documents ensure that your loved ones can take care of your medical and financial needs should you become incapacitated and unable to manage your own legal, financial and medical affairs.
Level Two - Last Will and Testament
Our Level Two documents include the Level One documents and a Last Will and Testament.
A Last Will and Testament is the legal document which controls the disposition of your property at death and may provide for guardianship for your children after your death. A will is not effective until death. As long as you are living, your will has no effect and no property or rights to property are transferred by it.
Level Three - Last Will and Testament with Testamentary Trusts
Our Level Three documents include the Level One documents and a Last Will and Testament with Testamentary Trusts.
A testamentary trust is one that is created using a Last Will and Testament and, therefore, doesn’t take effect until you pass away. A testamentary trust is not funded during your lifetime, meaning that, since the trust does not exist until after your death, you can’t transfer any money or other property into it while you’re still alive. This can make it a cost-effective option if your only goal is to control how property is distributed to your beneficiaries after you death. Because it is part of your Will, a testamentary trust does not avoid probate. Instead, it takes effect and is funded as part of the probate process.
A CLIENT CENTERED LAW PRACTICE
YOUNG LAW OFFICES, PLLC
203 W MILLBROOK RD. STE. 101
RALEIGH, NC 27609
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