March 2007 Posts

  • New Medicaid Rules to Start in NC April 1, 2007

    ​I previously reported that the changes in the Medicaid rules from the Deficient Reduction Act were to become effective in North Carolina on March 1, 2007. Now it appears that the implementation date has been moved to April 1, 2007. ...
  • Top 10 Must-Dos for IRAs

    It’s vitally important to make sure that the proper beneficiaries are designated for your IRAs and other retirement accounts, since the beneficiary designation controls what happens to the account, regardless of what your will, trust, divorce settlement, or any other agreement says....
  • Estate Tax Legislation Update

    Yesterday the U.S. Senate approved an amendment to the Budget Resolution that would extend the 2009 estate tax rate (45%) and exemption ($3.5 million) through 2012. Under current law the estate tax would be "repealed" in 2010, but would return in 2011 with an exemption of only $1 million....
  • Young Boomers Prefer North Carolina for Retirement

    Of baby boomers born between 1956 and 1964 who plan to move to another state after retirement, the top intended destination is North Carolina, according to a Harris Interactive Study (Polte Homes – Baby Boomer 2005)....
  • IRS Identifies 40 Frivolous Income Tax Positions

    Earlier this week the IRS published Notice 2007-30, which contains a list of 40 frivolous positions taxpayers should avoid taking on their income tax returns....
  • 10 Things Your Estate Planner Won’t Tell You – My View

    I recently came across an article on SmartMoney.com entitled 10 Things Your Estate Planner Won’ t Tell You. Being an Estate Planner, I read the article with interest, and while it contains some useful tips, I found several things that I strongly disagreed with or were just plain wrong....
  • Trust Beneficiary Bill of Rights

    Capital Trust Company of Delaware’s website is full of articles and other information on trusts and estate planning One short piece that I found worth sharing is the Beneficiary Bill of Rights. ...
  • HIPAA Act Horror Story

    Why make sure you and your loved have signed authorizations allowing family members access to medical records? ...
  • Supreme Court Refuses to Hear Blackwater Suit

    On February 26, 2007, the United States Supreme Court declined to hear the wrongful death case against the North Carolina private security firm Blackwater Security Consulting, LLC filed by the estates of four of its employees killed in Iraq in 2004. ...