Search Site
Menu
Tag Archive
Estate Planning

Do I Need a Living Trust – Part 2

In last week’s blog we discussed what a living trust and addressed some of the most common claims made about living trusts.  This week we will take a closer look at some other issues that should be considered in deciding whether a living trust is right for you. 1.  Creditor Protection A Living Trust Can Protect Trust Read More

Read More

What is a Living Trust and Do I Need One?

What is a living trust? A living trust, sometimes called a “revocable trust” or “revocable living trust,” is a trust created while you are alive and is operative while you are alive as well as after your death.  During your lifetime you retain the right to revoke the trust, change its terms, or regain possession Read More

Read More

What is a Living Trust and Do I Need One?

What is a living trust? A living trust, sometimes called a “revocable trust” or “revocable living trust,” is a trust created while you are alive and is operative while you are alive as well as after your death.  During your lifetime you retain the right to revoke the trust, change its terms, or regain possession Read More

Read More

Do I Really Need An Estate Plan?

In a word,  ABSOLUTELY.  Here are ten reasons why everyone needs an estate plan.  You can name the guardians for your minor children. If both parents of minor children (under 18) die without wills naming guardians, the court will appoint a guardian to care for the child and make all legal decisions for the child. Providing for Read More

Read More

In re Brandon Clark: Inherited IRA Exempt from Creditors

In In re Brandon C. Clark, Case No. 3:11-cv-00482-bbc, the United States District Court for the Western District of Wisconsin reversed the Bankruptcy Court and held that an IRA a debtor inherited from her mother was exempt from the debtor’s creditors. In August 2000 the debtor’s mother established an Individual Retirement Account and named her daughter Read More

Read More

Feder and Fujishima: When It Comes to Life Insurance and Taxes, Dot Your I’s and Cross Your T’s

Two recent Tax Court decisions illustrate the danger (and cost) of not paying attention to the details when it comes to life insurance policies and taxes. In each case the taxpayer failed to dot their i’s and cross their t’s, which created adverse estate tax consequences in one case and adverse income tax consequences in Read More

Read More

Designation of Client’s Living Trust as Beneficiary of Life Insurance Policy Forfeits Exemption

In North Carolina a creditor cannot reach the cash value or death benefit of a debtor’s life insurance policy on his or her own life provided the debtor’s spouse, children, or both are the beneficiaries of the policy. This right is guaranteed under Article X, Section 5 of the North Carolina Constitution and is also Read More

Read More
Contact us

Please fill out the form below and one of our attorneys will contact you.

Quick Contact Form

Our Office
  • Greensboro Office
    445 Dolley Madison
    Suite 208
    Greensboro, North Carolina 27410
    Phone: 336-643-0044