Pending Legislation

How Proposed Changes to Family Businesses Could Raise Estate Tax Liability

Posted on: January 6th, 2017
Over the summer of 2016, the IRS released proposed changes to tax provisions (Section 2704) that apply to most business entities, including family businesses. These potential changes could have a major impact on tax planning, including estate tax implications....

Free Gun Trust Seminar on April 4th in Chapel Hill

Posted on: March 17th, 2016
TrustCounsel's Chapel Hill gun trust attorney Greg Herman-Giddens leads a free seminar about ATF 41F on April 4th....

Delay Filing: North Carolina Tax Changes Pending

Posted on: January 26th, 2015
The North Carolina General Assembly will review potential changes to North Carolina income tax laws on January 28, 2015. Filers should wait until after this date to submit their tax returns to prevent potentially refiling returns if tax changes are passed....

Same-Sex Marriage Update

Posted on: October 9th, 2014
On Monday, during its first day in session, the Supreme Court declined to hear seven pending appeals from federal appellate courts regarding same-sex marriage. The denials, which came without comment, mean that there is still no declaration at the national level that denial of same-sex marriage is unconstitutional. ...

Tax Planning for 2015

Posted on: March 20th, 2014
Retirement accounts, estate plans, and trusts may be impacted by possible federal tax law changes next year in 2015. While the current configuration of Congress makes these changes unlikely, reviewing possible future changes can help individuals make effective planning decisions now....

Pending Legislation May Change Veterans Service Pension Benefits

Posted on: January 23rd, 2014
Congress has a few pending law changes that may affect Veterans Service Pension Benefits. Current regulations do not penalize veterans for making gifts or other transfers of their assets any time prior to their application for veterans service pension benefits. ...
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