When you and someone else operate a North Carolina business together and share that business’s profits and losses, you establish a business partnership. Many business partnerships involve legal documents stating as much. However, your partnership agreement does not...
Year: 2022
Why do higher interest rates make it harder to qualify for a home loan?
If you have been paying attention to mortgage rates recently, you know that they are high, with the average rate at 7.32% as of early December. Not only are they high, but analysts also predict that they will not peak until mid-2023. Unfortunately for aspiring...
What to include in your estate plan
An estate plan can help your loved ones distribute your property and deal with creditors while avoiding a lengthy probate process. In addition, your estate plan can clarify end-of-life wishes and establish guardianship for your children. When you create or update your...
Find time for your estate plan during your divorce
It is normal not to think about your estate plan during a divorce. Most people feel worn down by the divorce process and focus solely on finalizing the process. However, the estate plan may be one of the most important documents for you to revisit after breaking up...
3 times savvy homeowners refinance their mortgages
If you pay close attention to the economy, you probably know the housing market is not looking too good right now. Indeed, according to reporting from CNBC, homeowners have lost a collective $1 trillion in equity during the last six months. This is because home values...
What is a right-of-way violation?
Today's cars, trucks and SUVs are larger and heavier that those of the past. In fact, according to Bankrate, most passenger vehicles on the road today weigh between 2,600 and 5,500 pounds. The sheer weight of these vehicles makes them dangerous to other drivers,...