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Yearly Archives: 2017
How digital data can be handled after one’s death
Google’s innovations continue to amaze consumers and intrigue investors. Much has been said about its development of autonomous cars that will allow drivers to sit back and leave the driving…
Advantages and disadvantages of life estates
A North Carolina resident who has a home to pass to beneficiaries might want to consider a life estate as an alternative to using a will or a trust to…
Trusts as estate planning vehicles
North Carolina residents who are interested in using trusts as part of their estate plan should know how many ways they can be used. People’s financial circumstances as well as…
Wonder if Old McDonald had an estate plan?
Next to trucking, most people consider farming to be the backbone of this nation. Many North Carolina residents make their livings tilling the land and producing crops that provide sustenance…
The duties of a trustee
North Carolina residents named as a trustee might wonder what their duties and responsibilities are. While they do not have to be a financial expert, they do need to manage…
Estate tax planning when one spouse is not a citizen
Estate planning in order to avoid or reduce estate tax can be complicated, and it may become even more complicated if one spouse is not a citizen. The U.S. has…
Elements of a qualified personal residence trust
North Carolina homeowners who are creating an estate plan might wonder they should set up a qualified personal residence trust. The purpose of a QPRT is to transfer a home…
Tax court finds conflict of interest in estate tax appraisal
North Carolina executors of estates with significant assets may wish to be careful who they choose to perform estate tax appraisals. The Internal Revenue Service pays close attention to asset…
How a revocable trust can be useful
Some North Carolina residents might wonder whether they need a trust as part of their estate plan. Although there are many different kinds of trusts, one that is helpful for…
Remarried? Protect assets, children with an updated estate plan
For you and many other individuals, your first marriage may have ended in divorce. However, that does not mean that love will never come again. In fact, numerous people enter…
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