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North Carolina Estate Planning & Fiduciary Law

Call For A Consultation (704) 248-6325

  • By: Administrator
  • Published: November 7, 2022

In Rev. Proc 2022-38, the IRS provided inflation adjustments for various IRS Code provisions for taxable year 2023, including many relevant to trusts, estates, and gifts. The 2023 inflation adjustments include: The basic estate and gift tax exclusion amount (and the generation skipping transfer tax amount) will increase to $12,920,000 from the 2002 exemption of $12,060,000; The gift tax annual…Read More

  • By: Administrator
  • Published: November 7, 2022

Towards the end of the year, some families consider making financial gifts to others as part of their year-end tax planning. As part of your estate plan, you may consider sharing your financial success with your children, grandchildren, or other loved ones before your death. First, let’s review gifts that aren’t taxable. Gifts that are not more than the annual…Read More

Estate Planning For Beneficiaries With Mental Illness
  • By: James Hickmon, JD,MBA,CFP®
  • Published: June 14, 2021

According to the National Alliance on Mental Illness, 19.1% (nearly 1 in 5) of U.S. adults experience mental illness annually. Historically, discussions surrounding mental illness were taboo and off-limits. However, thanks to the hard work of mental health professionals and a generally greater awareness of the causes of mental illness, some, but not all, of the stigma surrounding mental illness…Read More

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