Year: 2007
Mediation in NC Estate and Guardianship Matters
Clerks of Court, the ex officio judges of probate and guardianship matters in North Carolina Counties, can now order mediation in those…
House Passes Ban on Tax Strategy Patents
On September 7, the U.S. House of Representatives passed H.R. 1908, The Patent Reform Act of 2007. Section 10 of that bill…
Anatomy of an Estate Plan
Everyone can benefit from planning for the future, whether it involves the distribution of property, tax reduction, or the care of family…
IRS Reports on Estate Tax Return Numbers
The IRS recently announced that the total number of estate tax returns filed fell by 58 percent to about 45,000 in 2005…
NC Reenacts Long-Term Care Insurance Tax Credit
The North Carolina Long-Term Care Insurance Premium Tax Credit has been reenacted effective for the 2007 tax year through 2012. A credit…
Records and Documents Required by Survivors
Earlier this week a couple of clients contacted me asking if I had a form called and “Essential Document Locator.” I saw…
Retirement Accounts and Income Taxes vs. Estate Taxes
This posting provides a brief explanation of the advantages and disadvantages of funding a Family Trust (aka Bypass or Credit-Shelter Trust, or…
Make Sure Your “Estate Planner” is Trustworthy
I’m still in catch up mode from being out a week in early August, which is the reason for my paltry postings…
NC’s 529 College Savings Plan Recommended
Money magazine, in a August 2007 article on College Savings Plans, recommended North Carolina’s 529 Plan as a good choice for NC residents. NC’s plan features:…
Give Farmers a Break on the Estate Tax?
Having just ridden a motorcycle through the endless farms of Iowa on my way to and from Sturgis, South Dakota, this news…
