Month: January 2010
Income Taxation of Estates – a Brief Overview
In North Carolina it is not uncommon for persons to handle administration of a decedent’s estate without hiring a lawyer or an…
Haiti Donations Qualify for 2009 Tax Deduction
IR 2010-012: WASHINGTON — People who give to charities providing earthquake relief in Haiti can claim these donations on the tax return…
Want to be an organ donor?
Carolina Donor Service will answer all your questions about organ donation in North Carolina. Also, don’t forget that in a Health Care…
Tax Free Planning Opportunity for Long Term Care Expenses
This posting is courtesy of attorney Marc Soss of Florida: The aging demographics of the United States coupled with the Pension and…
The Time for FLPs or FLLCs is Now!
This is from Steve Akers’ recent presentation, Estate Planning in Light of One-Year ‘Repeal’ of Estate and GST Tax in 2010: “the…
State of the North Carolina Estate Tax
For years, there has only been North Carolina estate tax due if federal estate tax was due. Now, however, that the federal…
Retroactive Estate Tax Not Certain
The Dow Jones Newswire quotes Rep. Charles Rangel, Chair of the House Ways and Means Committee, as saying that he does not…
Run, Don’t Walk to Your Estate Attorney!
From The New York Times to my bully pulpit: This article helps explain why revising old estate plans is more important than ever, given…
NC General Assembly Considering Bill to Address Issue of Outdated Wills and Trusts of Those Dying in 2010
With no estate tax in 2010, the prospects of reinstatement diminishing daily, and the ever more probable $1 million exemption in 2011,…
Planning After “Repeal” of the Federal Estate Tax
From its inception, the 2001 tax act was scheduled to repeal the federal estate tax and generation skipping transfer tax (GSTT) for…
