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Uncertain tax laws, trusts and estate planning
People in North Carolina who need to make estate plans might wonder whether they should wait until new tax laws are passed by the Trump administration. The best course of…
Have a pet? Consider a pet trust in your estate plan
If you are like many other residents in Charlotte, an animal is an important member of your family. Just like any member of the family, your pet needs to be…
What Willy Wonka teaches about health care
North Carolina residents may be able to learn a lot about long-term care needs from classic movie “Willie Wonka and the Chocolate Factory.” Like Charlie’s grandparents in the film, the…
Tax rules for foreign gifts and inheritances
Many North Carolina residents are globally mobile. As a result, some of them might have questions about how property received from outside of the United States may be taxed. Whether…
Singers’s family takes matter to court
North Carolina residents may know that the singer known as Bobby Vee died in October 2016 because of Alzheimer’s disease. He started his career in a February 1958 concert when…
Estate planning mistakes parents sometimes make
North Carolina parents usually plan their estates for the benefit of their children. Not wanting their child to suffer the financial hardships that they did, they may be more than…
Can you challenge a testator’s mental capacity?
Do you suspect that the will of your parent or other elderly loved one is invalid? Contesting a will is a complicated process because the level of mental capacity required…
Understanding gift tax limits
North Carolina residents who are lucky enough to have some money to give away should take the time to look into gift tax limits. Contrary to what many people think,…
Lessons Prince taught about estate planning
North Carolina residents are likely aware that Prince was one of many celebrity deaths in 2016. However, they may not be aware that federal and state estate taxes will reduce…
Planning to avoid estate taxes
North Carolina residents who have estates worth more than the federal exemption may have estate taxes assessed at a rate of 40 percent after they die. There are several strategies…
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