last will and testament
Will caveats can complicate the estate administration process in North Carolina by challenging the validity of the Will. The caveat effectively stops the Will administration until the issue is resolved. A caveat is filed to attempt to safeguard the deceased person’s true intentions and ensure their assets are distributed according to their genuine wishes. Any…
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A recent district court decision offers a win for employers facing withdrawal liability arbitrations with multiemployer pension plans. The case, Nevada Resorts Ass’n–Int’l All. of Theatrical Stage Emps. and Moving Picture Mach. Operators of the U.S. and Canada Local 720 Pension Trust v. JB Viva Vegas, L.P. (D. Nev. Mar. 29, 2024), throws a wrench…
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The legal wrangling surrounding the estate of music legend Prince continues. According to a recent Associated Press article, a Delaware judge has rejected a motion to dismiss a lawsuit filed by Prince’s former business advisors, L. Londell McMillan and Charles Spicer Jr. At the heart of the dispute is a limited liability company (LLC) established…
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Facing a disagreement? Don’t rush to court just yet. Mediation and arbitration offer alternative dispute resolution (ADR) options, but they approach conflict resolution in very different ways. Understanding these differences can help you choose the best path to settle your case. The Mediator: A Facilitator, Not a Judge Imagine a neutral third party guiding open…
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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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