In North Carolina Department of Revenue v. Kimberly Rice Kaestner 1992 Family Trust, a beneficiary received a tax bill from the state for over $1 million.The problem? She had not received the income the state was attempting to tax. The state was attempting to apply a...
How to prepare for your pet’s future before you die
In most cases, due to short life spans, your pet will pass away before you. In the instance of a possible tragic event or sudden illness that could eventually lead to your death, it would be wise to prepare for your pet's future without you. There are a few steps to...
New proposal triggers estate plan review
The Internal Revenue Service (IRS) is considering a new rule that will impact retirement plans. The rule specifically addresses IRAs. What piece of legislation? The SECURE Act is gaining momentum within Congress. The proposal passed the House of Representatives in May...
When does your will need to be revised?
Your will protects your personal wishes and your family's legacy. That will you made five or 10 years ago needs some changes. Like a house, your will needs minor updates and changes as time progresses. At home, the paint on your wall may have started to chip or the...
Prepare for your pet’s future with a trust
The dogs, cats and other animals we share our homes with become more than just pets. For many, these furry, feathered or even scaled companions become family members. As such, an increasing number of pet owners are taking steps to better ensure their pets receive a...