April 2011 Posts

  • Southern Gun Law Group

    http://www.southerngunlawgroup...
  • NFA Gun Trusts in North Carolina

    North Carolina residents who want to own certain weapons regulated by the National Firearms Act should consider the advantages of an NFA Gun Trust specifically designed for use in North Carolina. From NorthCarolinaGunTrustLawyer.com:...
  • Why You Might Not Want a Simple Estate Plan

    Many people come in to see me with the notion that all that they need and want is a "simple" estate plan. Generally that means no living trust, and a will with no trust provisions for surviving family members. ...
  • IRS Announces Tax Filing Relief for NC Victims of April 16 Storms

    From NC-2011-20, April 20, 2011: GREENSBORO — Victims of severe storms, tornadoes and flooding on April 16, 2011 in parts of North Carolina may qualify for tax relief from the Internal Revenue Service....
  • National Health Care Decisions Day

    Today is National Health Care Decisions Day. Take charge of your future – talk to family, your doctor and your estate planning attorney about your wishes. ...
  • Company Buy-Sell Agreements – Plan Ahead

    One estate planning tool that can protect your family and partners is a buy-sell agreement. This legal document gives owners the first chance to buy an interest in the company if another owner pulls out or dies. ...
  • IRS Warns of 12 Current Tax Scams

    WASHINGTON –– Hiding income in offshore accounts, identity theft, return preparer fraud, and filing false or misleading tax forms top the annual list of “dirty dozen” tax scams in 2011, the Internal Revenue Service announced today....
  • IRS Extends Deadline for Carryover Basis Form for 2010 Estates

    The IRS is extending the filing deadline of Form 8939, Allocation of Increase in Basis of Property Acquired from a Decedent, which must be submitted to determine the new basis of assets in 2010 estates that opt out of the federal estate tax....
  • NC Supreme Court Decision Kinlaw V. Harris IRA Exemption Case

    I previously blogged about the ruling by the North Carolina Court of Appeals that in addition to IRA accounts being exempt from creditors, distributions from IRAs were also exempt. On appeal, the North Carolina Supreme Court held that “there may be some circumstances under which withdrawn funds are no longer exempt from execution.” ...
  • Texas Court Rules Inherited IRA Protected in Bankruptcy

    In a ruling entered on March 16, 2011, the U.S. District Court for the Eastern District of Texas, in Chilton v. Moser (2011, DC TX) 2011 WL 938310, reversed the bankruptcy court and held that a debtor’s inherited IRA met the requirements for a bankruptcy exemption under Bankruptcy Code §522(d)(12)....