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Schedule Your Free Consulation06
Mar
How Much Authority Does a Trustee Have Over the Stuff in My Trust?
A trustee is a person or entity responsible for managing and administering your trust according to your instructions and in accordance with state law. They are considered a fiduciary (meaning they are held to a higher standard of care and owe certain duties to the beneficiaries)...
View MoreCategory: Trusts
06
Mar
North Carolina’s No More: The Fall-out from The Kimberly Rice Kaestner 1992 Family Trust v. North Carolina Dep’t of Rev.
A recent decision by the North Carolina Business Court could have significant ramifications for North Carolina’s taxation of trusts. In Kimberley Rice Kaestner 1992 Family Trust v. North Carolina Department of Revenue, the court struck down North Carolina’s statute that taxes tru...
View MoreCategories: Estate Planning Taxation Trusts
25
Mar
2023 in Review: Estate Planning Insights & Strategies for the New Year Ahead
For some, 2023 can be summed with two letters: AI. From the promises (“Now we are all ivy-league graduates! ”) to the doomsday predictions (“Terminator is no longer science-fiction! ”), 2023 has been the year of artificial intelligence. It was also the year that vinyl records exce...
View MoreCategories: Advisors Charitable Planning Elder Law Estate Planning Firm Taxation Trusts
06
Mar
How the Corporate Transparency Act May Impact Your Estate Plan
Starting on January 1, 2024, under a new law called the Corporate Transparency Act (CTA), owners of certain business entities must file a report with the federal government including details regarding the ownership of their entity. The CTA was enacted to help combat money launde...
View MoreCategories: Business Planning Estate Planning Taxation
06
Mar
Estate Plan Lessons from DeMuth v. Commissioner
Lifetime gifts are a popular way to reduce estate and inheritance taxes. Currently, only estates worth $12. 92 million or more are subject to the federal estate tax. Twelve states and the District of Columbia levy an additional estate or inheritance tax. To lower their taxable e...
View MoreCategories: Estate Planning Trust Administration
25
Mar
This Thanksgiving We Are Thankful for Your Collaboration
It is no secret that having a solid network of quality professionals allows us to address more than just one of our clients’ concerns. It takes a team to plan for life’s foreseen and unforeseen events. Working with quality professionals like you enables us to ensure that our cli...
View MoreCategory: Advisors
06
Mar
Assembling Your Own (Estate Planning) Team
Some of us may enjoy games like fantasy football that allow us to assemble our own star team with the players we think will provide the most value. While fantasy football is fun to participate in, have you ever given thought to the importance of establishing your own dream team? ...
View MoreCategory: Estate Planning
06
Mar
Can Artificial Intelligence Programs Write Basic Estate Planning Documents?
With the increased coverage of artificial intelligence (AI) and all of the applications it can have in our everyday lives, some people may wonder whether an AI program can create an estate plan for them. While AI may be able to generate basic estate planning documents, including...
View MoreCategory: Estate Planning
06
Mar
The Life and Legacy of Jimmy Buffett
Jimmy Buffett died on September 1, 2023, at age 76 after a diagnosis of Merkel cell carcinoma (skin cancer) four years earlier. He was a renowned singer-songwriter, film producer, businessman, novelist, and philanthropist. Buffett released his first album, Down to Earth, in 1970...
View MoreCategories: Estate Planning Trust Administration
06
Mar
Blindsided: The Michael Oher Conservatorship Controversy Explained
Michael Oher has had a remarkable life so far. Born to a single mother struggling with addiction and growing up in and out of foster care, Oher went on to star as a University of Mississippi football player and was selected in the first round of the 2009 NFL draft. He played eig...
View MoreCategories: Elder Law Estate Planning Guardianships Legal Advice
