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Trust Modifications if you Move Out-of-State 27 Aug 2013 | 07:12 pm
If you are moving to North Carolina and already established a living trust in another state, or if you established a living trust in North Carolina and are now moving out-of-state, are you compromisin...
3 Things to Include in a North Carolina Prenuptial Agreement 25 Aug 2013 | 05:44 pm
Creating a North Carolina prenuptial (premarital) agreement for engaged couples empowers both partners with the ability to decide what happens to their respective property in the event of divorce, a s...
Starting College? Start an Estate Plan 23 Aug 2013 | 06:50 pm
Students leaving home for college may be focusing on studying for classes, but they may want to consider studying their own estate plan. There are over 200 colleges in North Carolina, but how many mat...
SCINs Excluded From Estates 20 Aug 2013 | 07:46 pm
Last month the IRS issued Chief Counsel Advice regarding how SCINs are recognized under federal estate tax law. SCINs (self-cancelling installment notes) are used in estate planning to minimize gift t...
Finding Elder Care in North Carolina 19 Aug 2013 | 06:37 pm
Choosing an assisted living center, nursing home, or home healthcare provider in North Carolina should not be a quick decision. Recent reports show that 1 out of 3 nursing homes nationally have repor...
Can I Use a Power of Attorney to Modify a Trust? 18 Aug 2013 | 11:25 pm
Although not an everyday question, at times those who are attorneys-in-fact—the authorized agents appointed in an individual’s power of attorney—inquire about their abilities to amend a trust. Revoc....
Gifting and the Portability of Applicable Exclusion 14 Aug 2013 | 07:02 pm
For newly widowed spouses, there’s a new way to maximize gifting and limit tax. This involves the concept of portability. Portability combines an individual’s applicable exclusion and the unused exclu...
Are You Legally Required to Care for Elderly Parents? 7 Aug 2013 | 06:26 pm
Although federal laws governing a child’s responsibility to care for elderly parents do not currently exist, this matter is addressed on the state level. Over twenty states, including North Carolina, ...
What if Stretch IRAs are Lost? 6 Aug 2013 | 08:11 pm
Stretch IRAs have been a popular tool for preserving wealth for future generations as distributions are tax-deferred. However, the Obama Administration has proposed disallowing stretch IRAs. The stre...
2013 Changes to NC Medicaid Law 5 Aug 2013 | 06:33 pm
Last week House Bill 399 was ratified, creating changes to laws pertaining to Medicaid in North Carolina. The new legislation grants the NC Department of Health and Human Services “all rights availabl...
