Month: March 2015
10 Things to Ask Your Accountant: Small Biz Webinar
Our tax attorneys in Chapel Hill recently reviewed the advantages and disadvantages of investing or gifting your tax refund, tax issues when…
Downsides of Do-It-Yourself Powers of Attorney
Powers of attorney are powerful documents that grant another individual broad rights over medical and financial decisions. Such an important power should…
Creditor Claims Against Decedents in North Carolina
One of the many responsibilities executors have is ensuring that the decedent’s debts are satisfied. Creditor claims against estates in North Carolina…
Tax Planning for 2015
Advanced tax planning anticipates changes ahead. Retirement accounts, estate plans, and trusts may be impacted by possible federal tax law changes next…
Invest or Gift This Year’s Tax Refunds?
During tax season, filers try to maximize their deductions. Proper tax planning helps minimize tax due, and could result in a sizable…
Inherited IRA Distributions Might Face Changes
Inherited Individual Retirement Accounts (IRAs) experienced a see-saw effect with bankruptcy for years. Last year the federal government ruled that IRAs are…
Beneficiary Designation Reminder
Beneficiary designation forms are an important way for account and asset owners to ensure the respective assets pass to the individuals of…
Tax Issues to Consider When Settling an Estate
During the first quarter of the year, the only tax items most taxpayers are concerned with are their own personal and business…
Vulnerability for Domestic Asset Protection Trusts
A recent court case involving a Domestic Asset Protection Trust (DAPT) revealed a possible threat to the protections provided by these powerful…
