Trusts
Problems With Old Trusts
Individuals and families establish trusts for a number of reasons. A trust can help to preserve wealth from being lost to an…
3 Things to Consider When Creating a Pet Trust in North Carolina
North Carolina pet trustsAmericans love their pets and often feel connected to their animals as part of a family unit. The American…
3 Reasons to Choose a Non-Family Trustee
Creating a trust generally involves the intention of preserving assets for loved ones. Benefiting from a trust’s preservation might not be possible…
Types of Trust Beneficiaries
Our asset protection attorneys in Chapel Hill have previously reviewed the rights of trust beneficiaries. These rights vary depending on the type of…
What Will Happen to Your Retirement Accounts After You Are Gone?
When Trusts Meet Retirement Accounts, a recent article on WSJ.com, explains the benefits of using a trust to pass on IRAs and…
New Rules Will Affect Certain Self-Settled and Pooled Special Needs Trusts
A New Social Security Program Operations Manual System (“POMS”) Section Regarding Early Trust Termination Provisions for “Self-Settled” Special Needs and Pooled Trusts…
Better GRAT While You Still Can
On June 15, 2010, the House of Representatives passed The Small Business Jobs Tax Relief Act of 2010 (the “Act”) which, if…
North Carolina’s Repeal of the Rule Against Perpetuities Upheld
In a decision dated February 2, 2010, the North Carolina Court of Appeals upheld the Superior Court Judge’s 2009 decision in Brown…
IRS Issues Guidance for 2010 Gifts to Trusts
Based on what appeared to be a giant “loophole” in the gift tax law applying to gifts made in 2010, taxpayers could…
NC Trustees
Effective October 1, 2009, Trustees of North Carolina trusts can, subject to certain requirements, appoint the trust property to another trust for…
