Tax
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…
Penalties for Executors Due to Attorney Fault
A recent court ruling serves as a reminder of the personal financial liability executors may face even when they retain a probate…
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…
New Larger Tax Deduction for LTC Insurance
Long-term care (LTC) insurance rates grew considerably over the past few years. From 2014 to 2015, annual premiums rose 8.6 percent on…
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…
Phone Scam Using Our Firm Name
Be advised TrustCounsel does not make unsolicited phone calls to persons with whom we have no prior relationship, regarding tax advice or…
Looking Ahead: Rising Nursing Home Costs in North Carolina
When retirement saving makes headlines, it is often to highlight that Americans are not saving enough for their senior years. Individuals should…
Opportunities for 529 College Savings Plans
529 College Savings Plans consistently offer long-term tax-deferred growth for future students. As a savings tool, 529 plans come with a few…
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…
Last-Minute Estate Planning in North Carolina
Forbes cited a survey in 2014 that revealed 51% of Americans aged 55 to 64 do not have an estate plan. Sometimes…
