Month: November 2016

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...

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...