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Jun
Making Your Wishes Known
This article first appeared at Council on Aging for Henderson County’s website in July, 2015 Most of us have seen the tragic stories on the news during the past several decades involving families torn apart over the decision to keep or remove life support for a loved one who has...
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Jun
Choosing the Right Power of Attorney to Protect Your Assets
It is a sad and unfortunate reality that many seniors each year lose thousands of dollars or more in cash and other assets to the person, often a family member, who they trusted to be their financial power of attorney. To avoid this situation, it is important to understand what a...
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Jun
Capital at Play covers Andy Strauss
The April issue of Asheville's own Capital at Play Magazine carried the Estate Planning article “How to Exit in Style” featuring Andy Strauss. Andy had a great time working with writer, Marie Bartlett, and photographer, Bugs Utsey, as you can tell by the image b...
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Jun
What is a Trust and What are the Powers and Duties of a Trustee?
A trust is a fiduciary relationship with respect to property in which one person, the trustee, holds the legal title to the trust property for the benefit of another person or persons, the beneficiary. Essentially, it is a device where one or more persons manage the property for...
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Jun
What Happens in North Carolina When an Individual Dies Without Executing a Will?
Research shows that over 50% of Americans die without executing a will. A person dies intestate if he or she dies without making a valid will. If you die without making a will, then the intestacy laws of the state of North Carolina (or the state in which you reside at your death)...
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Jun
Will Caveats
It is essential for anyone with legitimate questions about a will or an estate to retain an experienced litigator to help either defend or challenge a will. Will contests, also known as will caveats in North Carolina, can be a most unpleasant form of litigation. Peter McGuire has...
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Jun
2014 Year End Tax Planning Memorandum
The 2014 year has been relatively quiet regarding new tax legislation, but several changes have been put in place. As the year winds down, it is a good time to review your tax and gift strategies. This letter may be used as a checklist to ensure you are well-positioned for the ye...
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Jun
Tax Tips to take to Minimize income and estate taxes in Trusts and Estate Planning
1. Consider distributions to beneficiaries Because the maximum ordinary tax rate (39. 6 percent) and the net investment income tax (3. 8 percent) apply to trust income at a much lower threshold than they do for individuals, trustees of discretionary trusts should consider distribu...
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Jun
Steven Allen Resigning to Begin New Clerkship
With a combination of sadness and pride, Strauss Attorneys PLLC. , announces that its estate controversy litigator, Steven J. Allen, will resign on July 31, 2014 to begin a clerkship in Mobile, Alabama with Senior United States Circuit Judge Emmitt R. Cox, United States Court of A...
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Jun
The Three-Year Review and The Three-Year Plan
Review your life's circumstances from three years ago. Think about what you knew and what you didn’t know about managing your wealth. What were the top five lessons you learned? How have your views about money and wealth changed? Given all that, where do you want to b...
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