The discussion of Prince's legacy has not been limited to talking about the artist's career as recent reports have focused on the planning, or lack thereof, for the artist's estate.
Whether one focuses on modern, folk, or fine art, all art collectors eventually consider the long-term preservation of the pieces in their collection. Aside from archival storage and proper maintenance, who will receive the collection or individual pieces when the owner dies?
An incentive trust can provide a means for assets to be safeguarded for purposes intended by the settlor while at the same time passing along the settlor's values. When considering whether to include an incentive trust as part of one's estate plan, ask these questions.
April is Financial Literacy Month. After reviewing several surveys and polls, we gathered some interesting figures that shed light on how the majority of individuals approach estate plans.
A substantial retirement savings might seem like a blessing. However, some individuals make errors that risk a lifetime's worth of savings.
The final regulations included in ATF-41F impose new and arduous administration requirements for gun trusts. However, a few weeks after the rule was published the ATF now wavers on the interpretation of the language.
When it comes to retirement income, regular reviews and careful planning can help prevent a generous savings from being pared down by taxes. Here are three opportunities our Chapel Hill tax attorneys gathered that might help stretch retirement savings.
Our estate planning attorneys and staff celebrated our firm's 20th anniversary on March 15th. Approximately 150 clients, colleagues, friends and family came to Weathervane at Southern Season in Chapel Hill to commemorate TrustCounsel's two decades serving North Carolina.
Just a few short months remain before regulatory changes affect gun trust administration for NFA items. Some individuals who already have gun trusts in place might think they have avoided the imminent changes, however, some existing gun trusts may not be easily administered under the new regulations in ATF 41F.
Retirees often cover living and healthcare expenses on a fixed income. Opportunities to minimize taxes and avoid penalties help seniors to preserve assets for their needs and to pass on to loved ones.