Month: May 2011
IRS Offers Tips for Protecting Documents from Disaster
Here in North Carolina we know all to well that disasters can strike at any time. In this YouTube video, the IRS provides…
CCRC Residents Should Consider Liability Insurance
Even for those who don’t have umbrella liability insurance coverage, homeowners insurance policies normally provide general liability coverage. This insurance will help…
Separate Accounts for Your IRA Will Help the Beneficiaries
The distribution rules for inherited IRAs generally make it advantageous to have separate accounts, which can be done during your lifetime or…
Veterans Administration Does Not Recognize State Guardians
I’ve been at the North Carolina Guardianship Association conference for the last couple of days. One issue that I never really gave…
IRS Issues Interim Guidance on Fiduciary Fee Treatment re 2% Floor
The IRS has issued interim guidance on the treatment under Code Section 67 of investment advisory costs and other expenses subject to…
Additional NC Counties added to Tax Relief List
On April 22, 2011, I posted an IRS Notice about a tax relief program for victims of the April 16, 2011 storms…
The State of State Estate Taxes
The majority of states no longer have an estate tax, but North Carolina is not one of them. Hungry for revenue, some…
Hierarchy of Estate Planning
I have seen plenty of bad estate planning planning in my 23 years of practice. The pitfalls are many – I will…
A Funny Question to Ask a Lawyer
My blog has a function that allows readers to comment on a post. In the vast majority of cases, however, the comments…
Tax Breaks for Supporting a Parent
Taking care of an elderly parent may provide more than just personal satisfaction. You could also be entitled to substantial tax deductions…
