January 2009 Posts

  • Estate Still Over $3.5 Million? Now is the Time to Plan

    ​The estate tax exemption is up (to $3.5 million) and portfolios are down. However, for those whose estates are still above $3,500,000, now is the perfect time to transfer wealth to younger generations. ...
  • Obama Picks Second Tax Cheat for Cabinet

    First it was Timothy Geithner for Secretary of the Treasury, and now it turns out Tom Daschle, nominated for Secretary of the Department of Health and Human, also failed to report income and pay taxes. ...
  • IRS Form 1099-B Deadline Now February 15

    Don’t worry if you don’t get your Forms 1099-B by tomorrow – the deadline this year is not until February 17. From the IRS:...
  • Attorney Sam Cooper Appointed as Chatham County Clerk

    Janice Oldham, who has served as Chatham County’s Clerk of Superior Court for more than 30 years, is retiring at the end of this month. ...
  • LA Trust & Family Wealth Law

    http://familywealthlawyers.typepad.com/...
  • NC in Middle of Pack When it Comes to Foreclosures

    In 2008, 0.84% of housing units in North Carolina went into foreclosure, placing us at number 27 among the 50 states and Washington D.C.. ...
  • Virginia Estate Planning and Elder Law Blog

    http://blog.virginiaelderlaw.com/...
  • MOST and DNR Forms – the other side of Advance Directives

    Lawyers routinely prepare advance directives for their clients – in North Carolina the statutory form was previously called a "Declaration of a Desire for a Natural Death, "and is now just known as an "Advance Directive (Living Will)." ...
  • Where Not To Die

    01.19.09, 06:00 PM EST Sixteen states and the District of Columbia (shaded in red) impose their own estate taxes. ...
  • Looks Like Estate Tax Here to Stay – Don’t Delay Planning

    There’s a couple of good recent articles on forbes.com – Dems Dedicated to Death Tax and Why You Need a Will. ...
  • More on Insuring Homes in Living Trusts

    A colleague of mine, Dennis Toman of Greensboro, contacted the North Carolina Deparment of Insurance about the issue of insuring homes owned by living trusts. ...
  • North Carolina Estate Procedure Pamphlet

    I recently had someone email me and ask if the North Carolina Estate Procedure Pamphlet, published by the North Carolina Administrative Office of the Courts, is accurate....
  • Have an Interesting Story Involving a Will and Want to Share it?

    I recently received the following email, and then had a phone conversation with its author. This is a legitimate documentary, with filming to take place in Montreal over the course of the year. All expenses for the trip to Montreal will be paid. ...
  • NC Estate Planning Blog to be Syndicated

    ​I am pleased to announce that the North Carolina Estate Planning Blog will be nationally syndicated by Newstex, a blog aggregation company. ...
  • Estate Tax Bill Submitted to House Ways and Means Committee

    A bill entitled the Certain Estate Tax Relief Act of 2009 was recently introduced in the U.S. House of Representatives. ...
  • I Inherited a House – Do I have to Refinance the Mortgage?

    No – in most cases. Mortgages generally contain "Due on Sale" clauses, which say that the lender can call the mortgage due upon transfer of property. ...
  • IRS Offers Tax Daily Tips for 2009

    Here are some of the current entries: Choosing a tax preparer Where you can get free tax help...
  • Teitell Urges More Favorable IRA Charitable Gift Rules

    Conrad Teitell, one of the nation’s most foremost charitable gift planning attorneys, has, on behalf of the American Council on Gift Annuities and the National Council on Planned Giving, written Congress urging changes to IRA distribution laws:...
  • Obama Wants to Keep the $3.5 Million Estate Tax Exemption

    Today’s Wall Street Journal has an article on the latest buzz on what the Democrats would like to do with the federal estate tax. ...
  • Homes and Cars in Living Trusts – Check With Your Insurer

    Revocable living trusts are a common estate planning tool for avoiding probate. It is not uncommon for a home to be transferred to the trust for that purpose, as well as occasionally motor vehicles....
  • Finance Charity-Owned Life Insurance with your IRA

    In a private Letter Ruling issued late in 2007, the IRS approved a clever technique to leverage a gift to your favorite charity using your IRA and life insurance. ...
  • Tulsa Estate Planning Blog

    http://www.tulsaestateplanlaw.com/...