Month: March 2012
States Reconsider Death Taxes
North Carolina repealed its intangible, inheritance and gift taxes within the last decade or so, but still maintains an estate tax with…
NC Legislature Examines Elder Abuse
The population of elderly persons is rising throughout the country, and North Carolina is no exception. The elderly are particularly vulnerable to…
Executors Held Personally Liable for Unpaid Taxes
In a recent federal District Court case, the co-executors of a decedent’s estate were held to be personally liable for the decedents…
IRS Allows Rollover of IRA from Estate to Spouse
As I tell my clients and audiences during presentations, one should never name one’s estate as beneficiary of an IRA or other…
Long-Term Care Insurance Industry Shakeout
Those considering long-term care insurance should be aware of recent several changes in the long-term care insurance industry. Guardian stopped offering the…
The Importance of Planning for Young Families
Many folks have the misconception that legacy planning is only for the wealthy, or for the elderly. Young families often overlook the…
Another Flip-Flop on Inherited IRA Stretch
Tax season is in full swing, and I was recently out of the office for a few days, so I’m a bit…
