by JAlanCampbellLaw | Apr 20, 2010 | Estate Tax, Gift, Real Property, Tax
Gifts of your real estate can be a bad idea for taxes. What?????? Many of you have probably heard that you should give real estate to your kids to help minimize estate taxes….yes that is still true….but that is only applicable if you have a large estate that will be...
by JAlanCampbellLaw | Apr 5, 2010 | Limited Liability, Litigation, Real Property
Many of you have heard about the benefits of owning real estate in a limited liability company (LLC) to provide protection from liability arising out of your ownership of the real property. See my June 2009 newsletter for further discussion. This is pretty standard...
by JAlanCampbellLaw | Mar 26, 2010 | Estate Tax, Life Insurance, Tax
George Bailey….you’re worth more dead than alive! Remember poor George Bailey and his life insurance? Ok that is not one of the high points of It’s a Wonderful Life….but that quote always reminds me of a common misunderstanding my clients have about counting their...
by JAlanCampbellLaw | Nov 1, 2009 | Business, Corporation, Real Property, Tax
Do you have real estate owned in your corporation? Watch out for a tax surprise! Many of you have heard from your advisors (including yours truly) that if you own real estate either for your business or for investment then you need to protect yourself from liability...
by JAlanCampbellLaw | Oct 1, 2009 | Estate Administration, Power of Attorney, Real Property
Land and inherited by a group of misfits? POA to the rescue! Probably one of the worst things that can happen in a decedent’s estate is for a group of beneficiaries who don’t get along to inherit real estate. Under North Carolina law, beneficiaries under a Will are...
