Inheritance
Taxes That Apply to Inheritances in NC
While North Carolina’s estate tax was repealed in 2013, other taxes may apply to an inheritance. Tax implications depend on the type…
Inherited IRA Ruling: Distinctions Between Federal and State Tax Law
Our attorneys strive to share notable rulings and case law to help clients and other advisers understand how a court or officials…
Why an Executor Might Need Probate Counsel in North Carolina
While an executor must take an inventory of the decedent’s estate, notify creditors, calculate and pay taxes, and oversee other estate administration…
Remarriages and Inheritances in North Carolina
Individuals in North Carolina who have married more than once might have estate planning issues they are not aware of. Whether one…
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…
Tax Considerations in Structuring Inheritances
When dividing assets in an estate plan, the testator might be inclined to evenly split assets for heirs. However, if not planned…
August is National Make-a-Will Month
An increasing number of Americans fail to plan appropriately for the future needs of themselves and their families, both through inadequate retirement…
Protecting IRA Assets for Beneficiaries: IRA Beneficiary Trusts
Earlier this year the Supreme Court ruled in Clark v. Rameker that inherited retirement accounts are subject to bankruptcy claims. As a result of this…
Debt Inheritance: Credit Cards, Tax, and Other Liabilities
An individual may accumulate assets during his or her lifetime, but debt may reduce or eliminate an inheritance family members expected to…
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…
