U.S. Treasury Issues Rev. Proc. 2023-34 Detailing Changes to Estate, Gift & Generation Skipping Transfer Tax Rates & SECURE Act 2.0 Revisions for 2024 & Beyond

U.S. Treasury Issues Rev. Proc. 2023-34 & SECURE Act 2.0 Revisions for 2024 & Beyond

On November 11, 2023, the U.S. Treasury Department issued Rev. Proc. 2023-34 releasing the 2024 inflation-adjusted exemptions for estate, gift, and generation-skipping transfer tax as follows: The estate and gift exemption amount (currently $12.92 million in 2023) will increase to $13.61 million per taxpayer for 2024 ($27.22 million per married couple).  The generation-skipping transfer tax…

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Modifying Irrevocable Trusts in North Carolina: What You Need to Know

Irrevocable Trusts

Irrevocable trusts, by design, are meant to remain unchanged. However, life’s unpredictability and evolving legal landscapes can sometimes necessitate alterations. More commonly, at the death of a revocable or “living” trust’s creator, their trust immediately becomes irrevocable. In addition, trusts created under a person’s last will and testament (testamentary trusts) are likewise irrevocable, coming into…

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Year-End Gift, Tax, Retirement, & Estate Planning

End of Year Estate Planning reminders for Estate Planning Awareness Week 2023

As another year-end approaches, tasks on your financial “to-do” list should include a reexamination of your current gifting, retirement, and estate planning and act on key year-end planning opportunities. A review of your current estate planning and current financial position can help you ensure that you are taking full advantage of all tax-saving opportunities and…

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Legal Assistant – August 2023

LEGAL ASSISTANT The Firm’s Legal Assistant is an integral part of our team and will directly support our Executive Director, Managing Attorney, and Associates. This position requires strong interpersonal skills, strong attention to detail, and the ability to handle multiple competing priorities. Essential Duties and Responsibilities: Manage all client files -both hard copy and in…

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Our New Offices on the 4th floor at 5605 Carnegie Boulevard in the South Park area of Charlotte, NC

Our growing firm required a new headquarters. We love South Park, though, and did not travel far. Our new location is: 5605 Carnegie Boulevard, Suite 420 Charlotte, NC Our other contacts remain the same. Add us to your mobile contacts using your phone’s camera to focus on the QR code below.

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2020 Super Lawyers Recognizes James Hickmon

North Carolina Estate Planning & Fiduciary Law and the law office of James E. Hickmon, PLLC, of Charlotte are pleased to announce that Jim has been included in the Estate Planning & Probate Section and the Estate & Trust Litigation Section of the 2020 Edition of North Carolina Super Lawyers. This is Jim’s 5th consecutive…

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