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Estate tax exemption for 2017
North Carolina does not have an estate tax, and the Internal Revenue Service has raised the estate and gift tax limit for 2017 to $5.49 million for individuals. The gift…
Estate planning across multiple states
North Carolina residents who are creating an estate plan and who have homes in more than one state need to decide which one is their legal residence and whether they…
Estate planning across a lifetime
North Carolina residents with many investments may have some specific needs when it comes to estate planning. They might want to view estate planning as a lifelong process rather than…
Placing homes in trusts
North Carolina residents may want to consider placing their homes in living trusts. These estate planning tools may help their grantors to pass their homes to their beneficiaries much more…
Passing a family business to the next generation
A business can do more than support a family during the lifetime of the founder. It can be a legacy that continues to provide income and employment to children and…
Grandparents can pay for tuition using an education trust
The cost of higher education is a significant expense for most North Carolina families. Grandparents that want to ensure that their grandchildren can afford to pay for college may want…
Trust options available to North Carolina residents
Although trusts are often perceived as only for the wealthy, they can be helpful estate planning tools for people at all income levels. When considering estate planning possibilities, individuals should…
Why executors may need legal assistance
A person who is appointed as an executor under a North Carolina testator’s will might make the mistake of trying to do it without getting help. Probating a will must…
How North Carolina residents benefit from trust planning
No matter how old a son or daughter may be, he or she may have trouble managing money. In some cases, a parent may have one child who struggles with…
Estate planning and second marriages
People entering a second marriage may have important assets such as savings, a home or a business. They may also have children from a prior marriage whose interests they want…
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