October 2012 Posts

  • Trust Protectors in North Carolina Trusts

    North Carolina recently expanded its law regarding trust "power holders," persons named in a trust, other than trustee, who are given certain powers over the trust and/or trustee. ...
  • Don’t Fall Off the Fiscal Cliff Without an Estate Plan

    Estate Planning Awareness Week comes during the final quarter of the year, just before the New Year shift known as the “fiscal cliff.” What is the fiscal cliff?...
  • IRS Cracks Down on Gifts of Real Estate

    The IRS has begun checking land records in certain states, including North Carolina, to compare uncompensated, mainly intra-family gifts of real property to filed gift tax returns. ...
  • Estate Tax Exclusion Amount for 2012 to Increase to $5,120,000

    The IRS announced today that the amount exemption from estate taxes will increase next year. For an estate of any decedent dying during calendar year 2012, the basic exclusion from estate tax amount will be $5,120,000, up from $5,000,000 in 2011....
  • October is Special Needs Law Month

    Special Needs Law attorneys advise individuals with special needs, disabilities, and their loved ones, on laws concerning their financial comfort and well-being. ...
  • IRS Announces 2013 Tax Figures

    In Rev. Proc. 2012-41, the IRS has announced various inflation-adjusted tax figures for 2013. Among them: ...
  • 3 Tips for National Estate Planning Awareness Week

    October 15-21, 2012 is National Estate Planning Awareness Week. The country-wide campaign focuses on educating individuals about the importance of planning their estates, and the risks they face if they have not yet created an estate plan. ...
  • Dynasty Trusts Ranked – NC Doesn’t Make the Cut

    Nevada attorney Steve Oshins, who produces an annual ranking of Domestic Asset Protection Trusts, has now done the same for Dynasty Trusts. ...
  • Taxes – How Does North Carolina Stackup?

    Thinking about moving to North Carolina, or from NC to another state? Want to know how all of the various taxes compare from state to state? ...
  • Illinois Ruling Strikes a Blow at Asset Protection Trusts

    In Rush University v. Sessions, et al, the Illinois Supreme Court ruled that a transfer to a Cook Islands trust was per se fraudulent. ...