If you have young children, much of your day already revolves around keeping them safe. Estate planning for parents extends that same responsibility into the future. It helps answer two questions: who would raise your children if neither parent were available, and who could care for them and make decisions during a temporary emergency? Many parents assume a will covers both. In North Carolina, a will is essential, but it's only one part [...]

When creating a living trust, one of the most important decisions you’ll make is choosing who will step in to manage things if you can’t. For many families, the instinct is simple: “Of course we’ll choose one of the kids.” It feels natural. It keeps things in the family. It seems easier than bringing in an outside professional. But in reality, naming an adult child as your successor trustee isn’t always the smoothest [...]

When it comes to estate planning, misinformation is everywhere. From social media snippets to coffee shop conversations, it’s easy to hear something that sounds right but isn’t. Unfortunately, believing these myths can leave your family vulnerable to unnecessary taxes, legal headaches, or even court battles. At O'Day Law Firm, we help families in Davidson and the Lake Norman area cut through the noise. Let’s bust some of the most common estate planning myths [...]