Tax Related Duties of an Executor

Posted on: February 1st, 2012
I just came across this article, Closing Down the Estate, on It gives a good overview of what an executor is responsible for from a tax perspective, but is by no means exhaustive. Since Executors can be personally liable for certain tax penalties, they should make sure to engage an experienced tax attorney or CPA to ensure that everything is done timely and correctly. ...

New NC Estates Court Costs in 2012

Posted on: January 3rd, 2012
Effective January 1, 2012, North Carolina has added a couple of new court costs in estate matters:...

Estate Planning and Probate Seminar for Paralegals

Posted on: December 5th, 2011
North Carolina legal assistants working with estate lawyers may be interested in a day-long seminar, Estate Planning and Probate Practice for Paralegals, to be held in Chapel Hill on January 25, 2012. I will be presenting the portion on Assisting with Guardianships....

New NC Trusts and Estates Laws

Posted on: August 12th, 2011
In the 2011-2012 Session, the North Carolina General Assembly passed several laws affecting estate planning, trusts and probate: S.L. 2011-5 and S.L. 330- The reference to the Internal Revenue Code in G.S. 105-228.90(b)(1b) is changed from May 1, 2010 to January 1, 2011. ...

Filing Fees for NC Estates Increase

Posted on: July 6th, 2011
Effective July 1, 2011, the fee to open an estate proceeding in North Carolina is now $120. This includes Trusts under Wills and Affidavits for Collection of Personal Property. Special Proceedings are also now $120. Click here for the Estates Court Costs Chart. ...

IRS Issues Interim Guidance on Fiduciary Fee Treatment re 2% Floor

Posted on: May 15th, 2011
The IRS has issued interim guidance on the treatment under Code Section 67 of investment advisory costs and other expenses subject to the 2-percent floor under Section 67(a). Notice 2011-37....
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