Month: August 2009
US Budget Deficit Sure to Drive Tax Increases
The White House Office of Management and Budget announced last week in its Mid-Sesion Review that the cumulative budget deficits for the upcoming 10…
The Time for Asset Protection Planning is Now
Many people come to see me for asset protection advice only after some type of actual or probable liability has arisen. At…
NC adopts law for Notice to Creditors when no probate required
While I generally counsel my clients to avoid probate by the use of living trusts or other methods, one useful aspect of…
“First-to-Die” Life Insurance Now Available
Second-to-die life insurance has long been used by married couples to provide liquidity to pay estate taxes at the death of the…
U.S. Tax Court – Single Member LLCs Not Disregarded for Gift Tax Purposes
Unlike in the income tax and asset protection arena, single member limited liability companies (LLCs) are not disregarded for gift tax purposes….
Put Your Parents in Your Will?
This article discusses when it might be appropriate to include your parents or grandparents in your will or living trust – generally…
North Carolina Caregiver Resources
Check out the Family Care Navigator from the Family Caregiver Alliance. North Carolina’s page is here….
More on Living Wills from the Wall Street Journal
Make Time to Create an Advance Medical Directive – I recently had the opportunity to hear a presentation by Bill Colby, the attorney…
Preparing for the End of Life
A recent WSJ.com article discusses Advance Directives (Living Wills and Health Care Powers of Attorney) and their important role in end of life situations….
Another Lesson on What Not To Do in FLLCs
This is from the latest edition of the GiftLaw eNewsletter: Note from Greg: Family Limited Partnerships (FLPs) were previously the preferred entity…
