- Advance Directives
- Asset Protection
- Business Succession
- Charitable Gift Planning
- Elder Care
- Estate Planning
- Estate Tax
- Financial Planning
- Fraud & Financial Abuse
- Gift Tax
- Health Care
- Income Tax
- Life Insurance
- Living Trusts
- NC Income Tax
- North Carolina Department of Revenue
- Nursing Homes
- Pending Legislation
- Powers of Attorney
- Qualified Plans
- Real Property
- Social Security
- Special Needs Planning
- Tax Fraud
Lost Life Insurance Policies
Posted on: October 11th, 2013
Were you told by a loved one that you were a beneficiary of their life insurance policy? If they passed away and didn’t leave behind policy details, how do you find the policy number and value of the benefits?...
What You Need to Know About Life Insurance and Annuity Changes
Posted on: July 25th, 2013
A growing number of Veterans Affairs life insurance policy holders are being unpleasantly surprised by undisclosed terms in their policies that are limiting their products’ values. ...
Can I Inherit Debt in North Carolina?
Posted on: March 29th, 2013
North Carolina estate planning discussions usually put an individual’s assets under the microscope. What trusts would avoid taxes best? How much should be designated for charitable contributions? ...
12 Scary Beneficiary Designation Mistakes
Posted on: October 31st, 2011
It’s Halloween, and tonight kids of all ages will be dressed in an assortment of costumes, many designed to frighten. What frightens an estate planner? Here are a dozen examples of scary planning (or lack thereof) with regard to life insurance and retirement plan beneficiaries:...
Life Insurance to Pay a Future Bill
Posted on: February 10th, 2011
Second-to-die insurance is traditionally purchased by affluent married couples.How it works: The insurance proceeds are paid out upon the death of the second spouse when the funds are often needed to pay taxes....
Forgoing an ILIT- Estate Planning’s Costliest Mistake
Posted on: September 11th, 2010
Most people know that the proceeds of a life insurance policy are generally free of income taxes. What many don’t realize, however, is that the same proceeds are included in one’s estate for estate tax purposes....
How about an estate tax-free IRA?
Posted on: June 3rd, 2010
With the federal estate tax returning next year at a rate of 55%, with only a $1 million exemption, planning to reduce estate tax should be on the forefront of the minds of those fortunate enough to have assets in excess of that amount....
Life Insurance – an Estate Tax Time Bomb
Posted on: November 11th, 2009
One common oversight I see when reviewing new clients’ financial status is failure to consider the estate tax impact of large life insurance policies. Most people know that life insurance proceeds are received free from income tax. ...
Update Your Beneficiary Designations
Posted on: October 28th, 2008
Failure to update one’s beneficiary designations for life insurance, annuities and retirement accounts is all too common. ...
ILIT Trustees – Examine Your Policies
Posted on: October 25th, 2008
Life insurance trusts (ILITs) are a popular estate planning technique used to shelter life insurance proceeds from estate taxes, creditors and mismanagement by beneficiaries. ...
Life Insurance Premium Financing
Posted on: June 26th, 2008
Many of us could use more insurance for estate planning purposes, such as financial security for loved ones or payment of estate taxes....
Top 10 Life Insurance Mistakes
Posted on: November 19th, 2007
This posting is compliments of my colleague Karen Brady in Colorado. Important reading for anyone who has anything to do with life insurance, including owning it. ...
Questions and Answers about Life Settlements
Posted on: September 28th, 2007
1. What is a Life Settlement? A life settlement is the sale of an in-force life insurance policy for an amount great than the cash surrender value of the policy and less than the face value of the policy....