January 2007 Posts

  • When Do You Need a Financial Advisor?

    Being in a college town, most of my clients are intelligent and well educated, and many handle their own taxes and investments. However, there are times when a professional’s advice can be invaluable....
  • Trust Protectors

    The use of a "Trust Protector" in trusts for maximum flexibility and protection is becoming increasingly common. ...
  • Filing Taxes Early Can be a Mistake

    An article in yesterday’s Wall Street Journal discusses the problem of financial services firms providing late or amended Forms 1099. ...
  • Incentive Trusts

    Professor Joshua Tate of Southern Methodist University has published an interesting and informative article on Incentive Trusts, which are generally used by parents to try to shape the behavior of their children. The abstract is as follows: ...
  • New Charitable IRA Rollover Guidance

    Professor Christopher Hoyt of the University of Missouri School of Law has proved a useful summary of IRS Notice 2007-7, 2007-5 IRB 1, which provides guidance about Charitable IRA Rollovers. ...
  • Professor Pennell’s view on Estate Tax Repeal

    This week I’m attending the 41st Annual Heckerling Institute on Estate Planning in Orlando. The Institute, sponsored by the University of Miami School of Law, is the nation’s leading conference on estate planning....
  • North Carolina Medicaid Changes to take effect March 1, 2007

    ​My entry of December 8 briefly discussed the changes to the Medicaid rules in North Carolina which were thought to take effect on January 1st. ...
  • Guardianships Gone Awry – Insurance Company Sues Clerk of Court

    Hartford Fire Insurance Company has sued the Wake County, North Carolina Clerk of Court, alleging that the Clerk’s office failed to properly oversee funds held in guardianships for three minor children. ...