August 2010 Posts

  • Long-Term Care Planning: Is a Reverse Mortgage your best option?

    Recently, I heard a story about a family who used a reverse mortgage. The mother has Alzheimer’s but is in great physical health. The father was in good health and was caring for the mother. ...
  • NC Law Requiring Name of Drafting Attorney on Wills Clarified

    Effective January 1, 2010 North Carolina law required (1) that a Will prepared by an attorney contain the name of the attorney as the drafter;...
  • On the lighter side – a funny video about growing older

    Most of what I write about relates to death, disability and taxes, and planning for those things. Pretty heavy stuff. So I’m glad to share this video with you, ...
  • Retirement Accounts and Estate Tax Planning

    Successful estate planning generally involves passing on your assets to your heirs at a low tax cost. To help achieve that goal, there are a few things to keep in mind about retirement accounts....
  • Video Monitoring for Elders

    This morning on the way to work I heard an interesting piece on National Public Radio about the use of remote video monitoring of elderly persons. There are also companies that provide less invasive methods of monitoring, such as motion detectors. ...
  • IRA Experts Keen On Roth Conversions

    Three of four prominent IRA experts have either already utilized a Roth conversion or plan to do so, and the fourth says he plans to if the market gets even worse....
  • 10 Things to Know Before You Retire

    I created a few of the these "10 Things" lists myself, and this list provides some basic information on what to think about before entering retirement. ...
  • Retroactive Estate Tax in 2010 Unlikely

    While there is still debate over whether Congress will increase the scheduled $1 million exemption and decrease the 55% rate when the estate tax returns in 2011, ...
  • Medicare Claim Matter in Probate Estate Removed to Federal Court

    Probate and Estate Administration Matters Are Generally Handled in the State Courts – But Not Always, As One NC Executor Recently Found Out...
  • North Carolina Elder Law Resources

    Wake Forest University’s School of Law, known state-wide for its Elder Law Clinic program, offers valuable resources on its website, both North Carolina specific and otherwise. ...
  • U.S. Income Taxation of Aliens

    No, not little green men, but non-citizens. This list, complete with links to the IRS website, is courtesy of Brian Dooley, CPA, MBT:...
  • What is Medicaid Planning?

    This post is by elder law attorney Kristin L. Burrows, who recently joined my firm. Look for more entries from her in the future, focusing on elder law....
  • Roth IRAs offer Tax and Estate Planning Advantages

    Roth IRAs are a great tax saving vehicle. The reason: Investments held in a Roth IRA are allowed to build up federal-income-tax-free. Later on, you can take federal-income-tax-free withdrawals. Obviously, a zero tax rate is the best rate going....
  • Action on Estate Not Likely Anytime Soon

    With only a couple of days until Congress takes its summer recess, it’s likely that that nothing will happen with estate tax reform until September at the earliest. ...
  • What Will Happen to Your Retirement Accounts After You Are Gone?

    When Trusts Meet Retirement Accounts, a recent article on WSJ.com, explains the benefits of using a trust to pass on IRAs and other retirement accounts to children. ...