July 2007 Posts

  • North Carolina Court Fees Increase August 1, 2007

    NC will increase some court fees, including certain estate fees, effective August 1, 2007. The filing fee for estates goes up to $60 (from $50). ...
  • Inherited IRA Not Creditor Protected

    The IRA you inherited from your parents, or that your kids might inherit from you, may not be safe from lawsuits. Jim Roberts, of Glast, Phillips & Murray, P.C. in Dallas, reports on a U.S. Bankruptcy case interpreting Texas law on this issue:...
  • Real Estate and Living Trusts – Things to Consider

    Living Trusts are a common estate planning technique for avoiding probate and facilitating management of assets in the event of incapacity. ...
  • Top 10 Estate Planning Mistakes

    This article on Morningstar.com lists common estate planning problems. Click on "Continue Reading" to see the full text of the article, with my commentary....
  • NC House Committee Approves New Advance Directives Bill

    ​A committee of the North Carolina House approved a bill changing the Declaration of a Desire for a Natural Death (Living Will) and Health Care Power of Attorney laws and the statutorily approved forms. ...
  • Gift and Estate Tax Planning for Non-Citizen Spouses

    While non-citizens who reside in the U.S. are subject to U.S. income tax on their worldwide income, and U.S. estate tax for worldwide assets, they do not receive the same treatment as citizens when it comes to U.S. gift and estate taxes. ...