Estate Planning
NC Estate Tax Repeal Retroactive
Earlier in 2013, Forbes ranked North Carolina as one of the top states in the nation “Where Not to Die”, reflecting the…
SCINs Excluded From Estates
Last month the IRS issued Chief Counsel Advice regarding how SCINs are recognized under federal estate tax law. SCINs (self-canceling installment notes)…
NC Estate Changes for Surviving Spouses Effective October 2013
In June 2013, North Carolina Governor Pat McCrory signed Senate Bill 279, a bill amending matters concerning estates, trusts, powers of attorney,…
No NC Tax Reform Bill Yet, Here’s the Plan
The North Carolina Senate had announced plans to reveal the new NC tax reform bill in early May. However, the press conference…
Obama’s 2013 Budget Proposal to Push Estate Tax Back to 2009 Terms
Although Obama’s American Taxpayer Relief Act was said to make permanent changes, lawmakers had also advised that it was just the first…
Disadvantages of a DIY Will in North Carolina
Everyone wants to save money, but choosing to cut corners on estate planning in North Carolina may end up costing individuals more…
3 Estate Planning Baby Steps
When a baby is on the way, it is a perfect time for expectant parents to complete or update their estate plan…
What Was Approved in the Fiscal Cliff?
Taking every last minute available in 2012 and then some, yesterday Congress approved a bill that will reduce the nation’s deficit by…
Tax Changes and Limitations on Dynasty Trusts
Dynasty trusts, which help families legally avoid estate taxes and preserve assets for heirs of future generations, are the target of new…
It’s Not Too Late to Use Your $5 Million Exemption!
Estate Planning attorneys all across the country are frantically working to help their clients utilize the $5.12 million gift and estate tax…
