Guardian
This past Monday, June 10th, North Carolina state insurance regulators extended their financial watch over the local Charlotte retirement community Aldersgate, continuing state supervision that started in August of 2023. The North Carolina Department of Insurance stated the reason for this was that Aldersgate was “insolvent or in imminent danger of becoming insolvent.” This comes…
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Imagine finding your dream home, only to discover a legal cloud hanging over it. This cloud could be a lis pendens, a Latin term meaning “suit pending.” It’s a formal notice filed in public land records that alerts potential buyers and lenders of a lawsuit involving the property’s ownership or rights. A lis pendens provides…
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These days, many financial advisors are promoting themselves as fiduciaries. But what exactly does that mean? And how can it benefit you? What is a fiduciary? A fiduciary is someone who has a legal obligation to act in the best interests of another person. This means that they must put your needs before their own.…
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Legendary musician Brian Wilson, co-founder of the Beach Boys, was recently placed under a conservatorship by a Los Angeles court. This decision comes more than three months after the passing of his wife Melinda, who served as his primary caregiver. Following Melinda’s death, the responsibility of caring for Brian has fallen on his longtime publicist…
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Baucom’s Nursery Co., a family-owned business that has been a staple in Charlotte for over 75 years, is embroiled in a bitter legal battle. The lawsuit pits Amon (Chip) Baucom Jr.’s side of the family against Gary Baucom’s side, with accusations of fraud, embezzlement, and self-enrichment flying. The dispute centers around allegations of financial mismanagement…
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Many Americans face uncertainty about handling a loved one’s bank account after death. Almost half of Americans don’t have a will, according to a Gallup poll. This can make things complicated for your loved ones when you’re gone. Having a will allows you to designate who inherits your assets, including your bank accounts. Many bank…
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On Tuesday, the Federal Trade Commission (FTC) voted 3-to-2 on the new rule to ban noncompete agreements for workers across the United States. Noncompete agreements prevent employees from leaving their place of work and going to other jobs within their industry. This new rule is designed to promote industry competition by “protecting the fundamental freedom…
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On April 10, 2024, Orenthal James Simpson (O.J. Simpson) passed away at the age of 76. This event reignited a decades-old civil case stemming from the 1994 murders of Nicole Brown Simpson and Ron Goldman. In 1997, a civil jury found Simpson liable for their deaths and ordered him to pay a staggering $33.5 million…
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Former host of the “Tonight Show” Jay Leno was granted conservatorship of his wife Mavis Leno’s estate on Tuesday. In a Los Angeles courtroom, the judge determined that the conservatorship would be “necessary and appropriate” for this case given that Mavis Leno has Alzheimer’s and experiences advanced dementia. According to the files released after the…
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An Orlando, Florida City Commissioner is accused of stealing hundreds of thousands of dollars from a 96-year-old woman. Orlando City Commissioner Regina Hill was arrested Thursday, March 28th, and is facing up to 180 years in prison for spending an elderly woman’s money on personal lifestyle changes. On Monday, Florida Governor Ron DeSantis announced the…
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