Articles & Firm News

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Estate Planning for Digital Assets

Until recent years, those planning their estates did not have to be concerned with anything other than their physical property and liquid assets. Now, technology and digital assets have become part of everyday life and must be thought about when plan… Read More
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Formation of an LLC in North Carolina

One of the most critical decisions you will make as a business owner is how to structure your company. The entity you choose can have long term legal and financial ramifications. It can also affect your liability and determine how your taxes will be… Read More
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Is A Will Good Enough or Should I Have a Living Trust?

One of the most common questions asked during the estate planning process is whether a last will and testament is sufficient, or a living trust is also needed. The answer is that it depends. Neither estate planning tool is better than the other — t… Read More
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Categories: Estate Planning

To Sell or Not to Sell: The Great Inevitable Debate for the Family-Owned Business

After years of hard work (possibly decades), your client has built a successful family-owned business. Now that your client is older, he/she is ready to sell the business and use the proceeds for their retirement. But you know that your client may be… Read More
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Categories: Business Planning

Probate, Estate and Business Planning Tips for Everyone!

As a tax attorney (as well as an insurance representative and financial planner) that focuses my practice largely on Estate Planning for common folk and high-net-worth individuals alike, Business Planning, and Probate, this blog will be used to keep… Read More
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Categories: Firm News

The Times They Are A-Changin': Digital Assets and Your Estate Plan

For time immemorial, estate planners never had to worry about digital assets. But with the ever increasing reliance on and use of technology in the daily lives of the average American, estate planners must now consider the importance of digital asset… Read More
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Say bye-bye to passive activity losses: A possible past-time for LLCs and LLPs

Limited liability companies (LLCs) and limited liability partnerships (LLPs) are well ingrained as two of the preferred techniques used by estate planning professionals. Both LLCs and LLPs offer significant advantages that many other techniques do no… Read More
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Categories: Articles, Income Tax

Choosing a Roth IRA

One of the most-discussed ways of saving for retirement is through an Individual Retirement Arrangement or “IRA.” An IRA is a tax-advantaged retirement plan set up and managed by an individual (unless a financial advisor is hired to manage the in… Read More
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Uncertain times for estate planners: What changes loom for 2009?

Several possible changes that may occur in the very near future pose great uncertainty for estate planners. The biggest uncertainty revolves around the estate tax. The Economic Growth and Tax Relief Reconciliation Act of 2001 (“EGTRRA”) presently… Read More
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A GRAT way to transfer wealth. Well, at least for now...

If you possess assets that are appreciating fast (or at least you think they will), the GRAT is simply one of the most effective ways of transferring value at a low cost. The future of this technique is not clear, however, as proposed legislation cou… Read More
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