LexisNexis® Legal Newsroom
Disclaimer Wills: The Petition for Letters of Trusteeship

By Adam J. Gottlieb A stable married couple with no serious family issues has several planning options when they consider the death of one or both spouses. Upon the death of one spouse, a question arises as to how to provide for the remaining life of the surviving spouse in a tax-advantaged way...

North Carolina Estate Planning Blog: IRS May Allow Late Filing Relief for 706 for Portability

By Greg Herman-Giddens According to Robert Keebler, CPA, the IRS may allow a late filed Federal Estate Tax Return, Form 706, if the only reason for filing the return is for the surviving spouse to claim the deceased spouse's unused estate tax exemption. The current exemption is $5 million, but...

IRS Allows Rollover of IRA from Estate to Spouse

As I tell my clients and audiences during presentations, one should never name one's estate as beneficiary of an IRA or other retirement account. If the estate is the beneficiary, whether from a purposeful designation, failure to name a beneficiary, or failure update when a named beneficiary dies...

New Hawaii Law to Help Protect Assets of Married Couples - NC Law is Not Quite as Helpful

Hawaii is on the verge of a step forward in the field of asset protection, with pending legislation awaiting the Governor's signature that, if signed, would extend the shield of creditor protection available to married couples. Hawaii is among a group of states, approximately half in the nation,...