(919) 435-3646

Rhodes Law Blog

Fiduciaries and Their Roles in Your Estate Plan

Significant trust and power is placed in the hands of a fiduciary. It is important to choose them carefully. A fiduciary is any person or institution that has the power to act on behalf of another in situations that require the utmost trust, honesty, and loyalty....

read more

Succession Planning for Your Business

What is Succession Planning? You may wonder what is meant by the term “succession planning.” It is the entire process of transitioning your business operation to a new owner, new management team or the next generation of your family. Much more than a mere financial...

read more

Medicaid & Long-Term Care Planning

Will you need long-term care? Studies show that approximately 70% of people reaching age 65 will need some type of long-term care. The average duration of long-term care (including in-home care and institutional custodial care) is 2.2 years if you are male and 3.7...

read more

Beneficiary Designation Mistakes to Avoid

Most people have a substantial percentage of their assets in retirement accounts, stock accounts, bank accounts and insurance policies. These assets are held in “beneficiary form,” meaning you can name a beneficiary to receive the asset or payout at your death. An...

read more

Types of Trusts

People often misunderstand trusts, thinking that they are exclusively for multi-millionaires and their children. While a trust can certainly help someone in that financial situation, trusts can also be helpful in a multitude of other situations. What is a trust? Very...

read more

North Carolina Probate: An Overview

  When a loved one passes away, it can be a difficult time full of decisions and challenges. Something that often must be dealt with is the process or probate or administering an estate. Generally speaking, this process usually consists of filing the decedent’s...

read more