May 2010 Posts

  • Cost of Care in North Carolina – 2010

    Genworth recently conducted a survey of the Cost of Care in North Carolina (Home Care, Adult Day Care, Assisted Living and Nursing Homes). There are comparisons of the U.S. and NC as a whole, along with the largest metro areas in the state....
  • Committee Chairs Reach Agreement on IRA Charitable Rollver and Tax Extenders

    Senate Finance Committee Chair Max Baucus (D-MT) and House Ways and Means Committee Chair Sander Levin (D-MI) announced that they have reached an agreement on continuing the IRA Charitable Rollover and many other tax saving extensions....
  • Taxes on Investment Income will nearly Triple for Some

    Currently the maximum federal tax rate for qualified dividends and long-term capital gains is 15%. This is great for people like Warren Buffett, who live off of investment income. ...
  • NC General Assembly Considering Bill to Address Issue of Outdated Wills and Trusts of Those Dying in 2010

    With no estate tax in 2010, the prospects of reinstatement diminishing daily, and the ever more probable $1 million exemption in 2011, my staff has been working hard to notify our existing clients that they should come to have their wills or trusts updated....
  • Estate Tax Agreement Falls Apart

    TheHill.com reported today that, according to Senate Minority Whip Jon Kyl (R-Ariz.), a deal in the works between Senate Democrats and Republicans on the estate tax has fallen apart....
  • NC Medical Board Recommends Advance Directives

    The website of the North Carolina Medical Board contains many Position Statements, including one on Advance Directives, a portion of which is quoted below:...
  • Estate Tax Uncertainty – Forbes Says See a Lawyer

    Thanks to a client for bringing this article to my attention: How To Protect Your Family From Estate Tax Uncertainty. It contains good advice, which I have highlighted in bold in the following text from the article:...
  • Progress on the Estate Tax?

    More from theHill.com on the estate tax in Kyl: Deal on the estate tax in the offing: "Sources close to the matter told The Hill last week that lawmakers are looking to give taxpayers the option of prepaying their estate tax....
  • Movement on the Estate Tax?

    On May 4, Senate Finance Chairman Max Baucus (D-Mont.) stated that members of Congress will discuss the estate tax along with a small business tax bill this week....
  • LLCs Provide Favorable Tax Treatment and Liability Protection

    From TrustCounsel’s today’s eNewsletter: There’s no one legal structure that works best for all businesses. ...
  • NC law on CCRCs

    I recently gave a presentation on the Legal and Contractual Aspects of Continuing Care Retirement Community (CCRC) Agreements. ...
  • Ways and Means Chair comments on future of estate tax

    The new chair of the House Ways and Means Committee, Rep. Sander Levin (D-Mich.) was quoted in an April 19 article on DailyFinance.com:...