Pending Legislation

NC Homestead Exemption to Increase

Posted on: September 8th, 2011
House Bill 1058 – Effective December 1, 2009, an individual resident of North Carolina who is a debtor can retain, free from the enforcement of the claims of creditors, the debtor’s aggregate interest, not to exceed $35,000 in value, ...

Summary of Obama’s 2013 Budget Proposal for Estate and Gift Taxes

Posted on: June 29th, 2011
A June 22, 2011article on Trusts and Estates magazine’s website contains a nice summary of President Obama’s budget proposal measures effecting estate planning. ...

NC Court Costs May Increase

Posted on: June 2nd, 2011
If the pending appropriations bill in the North Carolina General Assembly passes and is signed into law by Governor Perdue, the filing fee for estates will increase to $120 effective July 1, 2011.  ...

2010 Tax Relief Act Passes House

Posted on: December 17th, 2010
Last night the House passed HR 4853 by a vote of 277-148 approving the Tax Relief Act of 2010 as passed by the Senate Wednesday. The bill now goes to the President for signature....

2010 Tax Relief Act Passes Senate

Posted on: December 15th, 2010
The Senate has passed (by vote of 81-19) the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 (the 2010 Tax Relief Act), and the House is expected to take up the measure tomorrow. The Act includes bringing back the $100,000 IRA spousal rollover for 2010 and 2011....

Summary of the Tax Relief Proposal

Posted on: December 10th, 2010
The Senate Finance Committee has produced a summary of the Reid Tax Relief, Unemployment Insurance Reauthorization and Job Creation Act of 2010, which extends the Bush tax cuts for two years. ...
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