Estate Planning Attorney

3 Reasons Why an Executor May Resign

Posted on: April 12th, 2017
Occasionally an executor must resign from their role. In North Carolina, the executor must file a formal petition with the clerk of court stating the reason(s) for resignation....

Inherited IRA Issues in North Carolina

Posted on: March 21st, 2017
Inherited IRAs face differing regulation based on whether the beneficiary is a spouse or a non-spouse. Marital status also influences how North Carolina’s intestate succession law applies to an estate, which may pertain to retirement accounts. FINRA released an Investor Alert early this year advising IRA beneficiaries to review inherited IRA tax implications....

Penalties for Executors Due to Attorney Fault

Posted on: November 16th, 2016
A recent court ruling serves as a reminder of the personal financial liability executors may face even when they retain a probate attorney. Executors may be held legally responsible for errors in estate administration - even an attorney's errors....

Estate Planning for Multiple Homes

Posted on: April 29th, 2016
Families may consider ownership of multiple properties for different reasons. Some folks prefer to have an extra property closer to family, for professional purposes, for leisure, or as an investment. While owning multiple properties may accomplish one or more of these goals, acquiring additional property can cause liability issues, tax complications, and probate concerns....

Asset Protection Failures

Posted on: April 29th, 2016
Accumulating assets takes time and effort; protecting assets properly requires both as well. Here are various factors that could ruin a plan and risk asset loss....

Does Your Executor Live Out-of-State?

Posted on: March 24th, 2016
Not all family members and trusted friends live nearby. North Carolina law does not require an executor be a resident of the state. However, there are certain restrictions the state imposes on out-of-state executors....

Start Alzheimer's Legal Planning

Posted on: January 20th, 2016
Waiting to develop a legal plan for an aging relative with cognitive decline might result in the elderly person's incapacitation. Then it might be too late for them to execute legal documents independently....

Almost 1 in 4 Caregivers are Millennials

Posted on: January 19th, 2016
New research shows that almost 25 percent of caregivers are Millennials. The research came from a joint study between the National Alliance for Caregiving and the AARP Policy Institute....

5 Concerns When Gifting a Down Payment on a Home

Posted on: January 5th, 2016
Family members might want to gift money to children to be used toward a down payment on a home. Cash down payment gifts, when not handled properly, could trigger tax consequences or create other complications....

Same-Sex Marriages Legal in NC: Prenuptial Agreements & Estate Plans

Posted on: November 13th, 2014
Before October 10, 2014, same-sex marriages were not recognized in North Carolina. This posed complicated tax filing and estate planning challenges for North Carolina LGBT couples who legally married in an out-of-state jurisdiction....

Estate Planning Mistakes of Newlyweds

Posted on: June 1st, 2014
Prenuptial agreements and postnuptial agreements are not the only estate planning tools engaged couples and newlyweds in North Carolina should consider. ...

Estate Planning for Unmarried Seniors

Posted on: May 22nd, 2014
Earlier this year the National Survey of Family Growth reported an increase in cohabiting unmarried couples between the ages of 15-44; the trend has grown faster among seniors. ...

What to Leave in Your Will: Culture & Values

Posted on: March 27th, 2014
Estate plans can designate real property, personal items, and financial assets to named individuals, and can also impart how the estate plan creator wants to be remembered. People care about their personal values. ...

What Happened to the Estate Tax Exclusion Portability Deadline?

Posted on: February 5th, 2014
Estates who have not yet filed a federal estate tax return (IRS Form 706) electing portability now have a new deadline to file election of portability. ...

How to Choose an Estate Planning Attorney

Posted on: November 6th, 2006
Developing a comprehensive estate plan requires a lot of thought and time, and sometimes a lot of money. It is not always a simple or easy task, so having the right advisor can make all the difference in the world. ...