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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…
Michael Jackson estate battles IRS over image rights
Music fans in North Carolina and around the country may be interested in learning about some recent developments concerning his legacy. The legendary performer’s reputation had been badly damaged by…
Does a new marriage mean you need a new estate plan?
Remarriage can be an exciting time for a North Carolina family, but like other significant life events, it can also signal significant financial changes. In the event that you are…
Common methods to avoid probate
The probate process may take several months to complete and cost thousands of dollars in legal fees. However, there are ways in which North Carolina residents may be able to…
Estate planning involves more than avoiding taxes
One of the things that President Trump campaigned on was eliminating the federal estate tax. This has made a number of people wonder if they will need to bother with…
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