Trusts
Protect Parents’ Assets
As parents age, the risk of health problems grows. The Sandwich Generation—those caring for both their children and their parents, may experience…
Tax Requirements for North Carolina Trusts
In many states, an important factor in determining whether the trust is taxable is where the beneficiaries, settlor, and trustees are domiciled….
Tennessee is #3 for Domestic Asset Protection Trusts in 2014
A year ago Tennessee tied for the fourth spot in Steve Oshins’ Annual Domestic Asset Protection Trust State Rankings. Last summer Oshins updated the…
4 Tax Considerations for Parents of Special Needs Children
Parents of special needs children have a few ways to minimize taxes. Special needs children may require the expenditure of significant…
Estate Planning for New Parents in North Carolina
What can new parents include in their estate plan? According to the North Carolina State Center for Health Statistics, over 17,800 babies were…
What to Leave in Your Will: Culture & Values
Leave cultural values in your Will. Estate plans can designate real property, personal items, and financial assets to named individuals, and can…
Step-Parents and Step-Children in Estate Planning
Estate planning for blended families is critical to ensure that assets are distributed as intended. A spouse’s family members are not included…
3 Things When You Inherit an IRA
Last year North Carolina passed legislation that provides added creditor protection for Individual Retirement Accounts (IRAs). The law protects retirement accounts during and…
Elective Share Changes in North Carolina
The elective share law is designed for surviving spouses to provide them with a portion of their partner’s estate if what was…
Top 5 States for Dynasty Trusts
Dynasty trusts in North Carolina offer creditor and asset protection for future generations while at the same time legally bypassing certain taxes….
