Living Trusts

IRS Announces Tax Filing Relief for NC Victims of April 16 Storms

Posted on: April 22nd, 2011
From NC-2011-20, April 20, 2011: GREENSBORO — Victims of severe storms, tornadoes and flooding on April 16, 2011 in parts of North Carolina may qualify for tax relief from the Internal Revenue Service....

How Does Your Living Trust Stack Up?

Posted on: November 12th, 2009
Click "Continue Reading" for a Comprehensive Living Trust Checklist to determine whether or not your trust needs to be upgraded. Thanks to attorney Thomas J. Bouman for the checklist, which I have modified for North Carolina purposes....

When NOT to use a Living Trust

Posted on: October 6th, 2009
Practically every day, I discuss with clients the pros and cons of revocable living trusts. In my opinion, the positives generally far outweigh the negatives, but living trusts don’t make sense for everyone. ...

SECU Strikes Back on Living Trusts and Real Estate

Posted on: March 5th, 2009
I recently blogged about my disagreement with the North Carolina State Employees Credit Union’s policy on mortgages when the property was previously held in the owner’s living trust. ...

Title Insurance for Real Estate in Living Trusts

Posted on: February 19th, 2009
My standard advice for clients who are transferring real property to their revocable living trusts is to check with their title insurance company to make sure they will still be covered....

SECU has Ridiculous Policy on Living Trusts

Posted on: February 15th, 2009
I have long known that the North Carolina State Employees Credit Union (SECU) refuses to refinance any residence owned by a revocable living trust. ...
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