5 Considerations for Rental Property in Probate
Whether it’s a single property or multiple homes, rental property in probate poses a few concerns. For executors or personal representatives in…
2017 North Carolina Tax Law Changes
Changes to tax rates in North Carolina became effective on January 1, 2017. The adjustments affect both businesses and individuals. When revising…
New Legal Library on Trusts, Estates, and Tax Law
TrustCounsel recently launched a Legal Library dedicated to trust and estate administration. The library is now a permanent free online resource with…
Inherited IRA Issues in North Carolina
Federal and state laws and regulations impact how tax applies to inherited retirement accounts. Inherited IRAs (Individual Retirement Accounts) face differing regulation…
North Carolina Places 15th Again for Trust Decanting in 2017
Attorney Steve Oshins annually grades all states that permit trust decanting. Once again, North Carolina holds steady at #15 out of twenty-five states…
Why North Carolina Trustees Should Acquire Liability Insurance
Without liability insurance, trustees remain personally accountable for trust administration mistakes. Certain insurance policies help to manage trustee liability. These errors and omissions…
The Taboo Subject of Estate Planning and Firearms
Handling firearms in probate is not always a simple process. A guest post on Southern Gun Law Group by Certified Firearms Appraiser Dennis Gayness…
Out-of-State Property in North Carolina Probate
Probate assets vary with each estate depending on how the decedent held assets at their death. The probate process is necessary to…
NCBA Symposium: Gun Trusts in Elder and Special Needs Law
Unique and critical matters might arise when firearms are possessed, stored, or transferred by an elderly or disabled person. Gun trusts help effectively…
How Proposed Changes to Family Businesses Could Raise Estate Tax Liability
Over the summer of 2016, the Internal Revenue Service (IRS) released proposed changes to tax provisions (Section 2704) that apply to most business entities,…
