August 2013 Posts

  • 3 Tax Benefits of Education Trusts

    rustCounsel’s Gregory Herman-Giddens will present ‘Education Trusts and 529 Plans: Estate Planning Strategies for College Savings’ On September 5th in a 60-minute teleconference through the National Constitution Center....
  • SCINs Excluded From Estates

    Last month the IRS issued Chief Counsel Advice regarding how SCINs are recognized under federal estate tax law. SCINs (self-canceling installment notes) are used in estate planning to minimize gift tax burdens. ...
  • North Carolina Pet Trusts

    Not every state has laws addressing pet trusts. Fortunately, North Carolina pet trust laws allow residents to establish clear plans for the care of their companion animals....
  • Trust Modifications if you Move Out-of-State

    If you are moving to North Carolina and already established a living trust in another state, or if you established a living trust in North Carolina and are now moving out-of-state, are you compromising the terms of your trust with your relocation?...
  • 3 Things to Include in a North Carolina Prenuptial Agreement

    Creating a North Carolina prenuptial (premarital) agreement for engaged couples empowers both partners with the ability to decide what happens to their respective property in the event of divorce, a spouse’s death or incapacitation....
  • Starting College? Start an Estate Plan

    Students leaving home for college may be focusing on studying for classes, but they may want to consider studying their own estate plan. ...
  • Can I Use a Power of Attorney to Modify a Trust?

    Although not an everyday question, at times those who are attorneys-in-fact—the authorized agents appointed in an individual’s power of attorney—inquire about their abilities to amend a trust....
  • Finding Elder Care in North Carolina

    Choosing an assisted living center, nursing home, or home healthcare provider in North Carolina should not be a quick decision. Recent reports show that 1 out of 3 nursing homes nationally have reports of abuse. ...
  • Are You Legally Required to Care for Elderly Parents?

    Although federal laws governing a child’s responsibility to care for elderly parents do not currently exist, this matter is addressed on the state level. Over twenty states, including North Carolina, have filial responsibility laws....
  • What if Stretch IRAs are Lost?

    Stretch IRAs have been a popular tool for preserving wealth for future generations as distributions are tax-deferred. However, the Obama Administration has proposed disallowing stretch IRAs....
  • Updated: Top States for Domestic Asset Protection Trusts 2013

    Our asset protection lawyers in Chapel Hill shared Steve Oshins’ Annual Domestic Asset Protection Trust State Rankings earlier this year, and now there is a mid-year update:...
  • NC Estate Tax Repeal Retroactive

    Earlier in 2013, Forbes ranked North Carolina as one of the top states in the nation “Where Not to Die”, reflecting the burden of the state estate tax. ...