What Happens If Somebody Dies With Property But No Will?
Oct. 17, 2024
It is a common assumption between spouses that at the death of the first spouse to die, the surviving spouse will inherit all the deceased’s property.
Continue ReadingAdministration Of Proper and Intestate Estates
Oct. 17, 2024
We can demonstrate the importance of estate planning by comparing two estates with different approaches to estate planning.
Continue ReadingWhat Is Probate And When Is Probate Triggered In North Carolina?
Oct. 17, 2024
Probate is the court-supervised process over which personal assets are transferred out of the individual’s name into the names of their heirs or beneficiaries after death.
Continue ReadingU.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
Oct. 17, 2024
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:
Continue ReadingCommon Disputes and How to Resolve Them
Oct. 17, 2024
In my experience, there are only two or three things that truly create a hostile relationship and contention within a family during an estate administration process.
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