November 2014 Posts

  • Estate Planning for Healthcare Costs in Retirement

    AARP has released a study that estimates caregiving costs for families in the United States will total more than $520 billion annually. This estimate reflects the time and resources devoted by families and not skilled workers; the skilled worker estimate runs over $640 billion. ...
  • Estate Planning and Tax Refunds for Art

    Art collections require specialized estate and tax planning. Without proper planning, a collection acquired over a lifetime could translate into tax debt for surviving heirs or become lost to creditor claims. ...
  • Estate Planning for Collectibles: Wine, Art, Cars & More

    Estate plans are not only vehicles for passing cash, investments and real property along to named beneficiaries, these tools can also transfer more complex assets. How does one pass on a wine collection, valuable artwork, antique cars, or rare baseball cards that were accumulated over a lifetime?...
  • Same-Sex Marriages Legal in NC: Prenuptial Agreements & Estate Plans

    Before October 10, 2014, same-sex marriages were not recognized in North Carolina. This posed complicated tax filing and estate planning challenges for North Carolina LGBT couples who legally married in an out-of-state jurisdiction....
  • Real Estate in Your IRA

    Some Individual Retirement Account (IRA) owners may choose to buy real estate with their IRA. Perhaps the property is intended for a retirement home in the future, as an investment, or for other reasons. ...
  • Top 5 States for Dynasty Trusts

    Dynasty trusts offer asset protection and estate and generation-tax skipping tax avoidance over many generations. Three years ago attorney Steve Oshins started a ranking system of dynasty trusts. ...
  • 2014 Tax Changes

    As we are in the final quarter of 2013, our North Carolina tax attorneys are taking a look ahead at what the New Year brings for American taxpayers:...