February 2014 Posts

  • Protect Assets for the Elderly

    TrustCounsel’s Chapel Hill estate planning and elder law attorneys Gregory Herman-Giddens and Kristin Burrows present “A Lawyer’s Perspective: Financial and Legal Strategies and Planning, and Assistance Paying for Long-Term Care” at the Senior Center in Pittsboro, North Carolina on March 4, 2014. The workshop is coordinated by the Chatham County Council on Aging....
  • Elder Care Trend: Avoiding Nursing Home Care

    New reports from The Washington Post show that baby boomers are electing in-home medical care in lieu of nursing home services. From 1990 to 2010, the number of Americans over age 65 living in nursing homes nationally has dropped 2%, according to the Census Bureau. ...
  • Permitted Distributions for Special Needs Trusts

    If you are starting to explore options for Special Needs Trusts in North Carolina, one of the first differences you discover are “third party” trusts and “self-settled” trusts. ...
  • Tax Tips for Married Same-Sex Couples in North Carolina

    Although married same-sex couples can file their federal tax returns jointly, their marriage is not recognized for tax purposes under North Carolina tax law. ...
  • Cohabiting Couples on the Rise

    The National Survey of Family Growth, a federal report completed every four years, shows significantly more couples are having children and delaying or avoiding marriage. ...
  • NC Tax Questions for Same-Sex Marriages

    Same-sex marriages are not legal in North Carolina, however same-sex couples who reside in North Carolina and were legally married in a jurisdiction that recognizes these marriages may have questions about North Carolina taxes....
  • What Happened to the Estate Tax Exclusion Portability Deadline?

    Estates who have not yet filed a federal estate tax return (IRS Form 706) electing portability now have a new deadline to file election of portability. ...
  • Look Out For Tax Scams

    Fraudulent companies and individuals take advantage of American taxpayers every year. The tax scammers use deception—and commonly prey on elderly persons—to acquire sensitive personal information....