Real Property
Probate of Real Estate in North Carolina
Real property poses unique set of considerations in the context of estate or trust administration. Inherited real estate or an inherited…
What To Do if You Inherit an Out-of-State Home
Owning multiple properties, whether for recreation or investment purposes, might involve homes situated in different states. In North Carolina, the number of…
5 Concerns When Gifting a Down Payment on a Home
Parents, grandparents, or other family members might want to gift money to children to be used toward a down payment on a…
3 Questions to Ask if You Own Real Property With Joint Title in NC
There are several ways to hold joint title to real property in North Carolina. The manner of ownership will affect how the…
Tax Concerns for New Domicile
Living in one state while claiming domicile in another could offer many benefits depending on the jurisdictions. Tax benefits are generally a…
Real Estate in Your IRA
Purchasing real property with your IRA? Some Individual Retirement Account (IRA) owners may choose to buy real estate with their IRA. Perhaps…
Reverse Mortgages and Inheritances
Should beneficiaries of a potential inheritance be concerned if their elderly relative decides to get a reverse mortgage? Reverse mortgages are not…
Life Estate Insurance Blunder
Forgetting to simply add one name to a homeowner’s insurance policy could compromise an heir’s property inheritance. For individuals who take advantage…
IRS Cracks Down on Gifts of Real Estate
The IRS has begun checking land records in certain states, including North Carolina, to compare uncompensated, mainly intra-family gifts of real property…
Recording Document Fees
Effective October 1, 2011, fees for recording documents in North Carolina’s 100 Registers of Deeds will increase: 1. Deeds – $26.00 for up…
