Most North Carolina residents can maintain investment portfolios without encountering any concerns over conflicts of interest. However, when a person is elected to public office, conflicts of interest are a major concern. To avoid them, many presidents and...
Month: November 2016
Bypassing probate in North Carolina
When an estate goes through the probate process, it is an attempt to determine that a testator's will is valid. It may also attempt to locate any beneficiaries or other interested parties if the decedent died without a will. An executor is named by the court who will...
Using trusts as an incentive
When North Carolina parents or grandparents begin planning their estates, one concern may be that one or more of their heirs will not make the best use of their inheritance. In fact, some may worry that providing someone with a history of personal irresponsibility...
The important benefits of establishing a trust
While facing your own mortality can be a difficult thing to do, it can also be vital to safeguarding your assets and ensuring that your family is financially protected after you pass on. Setting up a trust can help you build a legacy for your family and control your...
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 tax exclusion is still at $14,000 just as it has been since 2014. For couples, the total exemption...