Estates & Trusts

The TCJA (Tax Cuts Job Act) which was passed in 2017 greatly impacted tax law, and general estates and trusts for individuals which plan on devising property, money, or other possessions to loved ones. Estate planning and devising a trust are areas of the law which are highly regulated by regulatory law, tax law, and family law. Visitors to the National Law Review will learn about the latest developments in tax law, family law, and estate and trust law, and how these fields come together, as well as reading legal analysis on devising a legal trust, will, or estate plan.

The transfer of assets in anticipation of death has been greatly impacted by the new tax laws, allowing the trustor to redistribute assets and property, without major tax implications for themselves, or the receiving party. Visitors will learn about these developments, and other relevant news and stories relating to estate planning, probate planning, and litigation in this area of law. Additionally, the National Law Review features articles on how family businesses can create a succession plan and otherwise plan for the future, as well as information on specialized circumstances like creating a will or a trust for a family member with special needs.

Hot issues including will contests, business succession planning, creating a charitable trust, durable powers of attorney, creating revocable and irrevocable trusts, generation-skipping transfer tax (GST), estate taxes, and the distribution of trust assets, are among the many stories covered for visitors on the National Law Review. Further, details about gift taxes, federal taxes, and other taxes which may arise under the American Taxpayer Relief Act, are also covered by the National Law Review. Any IRS details and areas of estate planning and probate which might be covered under the Internal Revenue Code (IRC), are also topics visitors can read about on the website.

For hourly updates on the latest news about family custody & divorce laws, estate planning, and trust regulations and legislation, be sure to follow our Family & Estate Planning Law Twitter feed, and sign up for complimentary e-news bulletins.

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Jul
22
2022
 Be Mindful of Income Tax in Estate Planning, Particularly Basis Ward and Smith, P.A.
Sep
22
2022
 How an Estate Plan Can Protect Against Financial Exploitation Ward and Smith, P.A.
Aug
3
2020
 Webinar: Unpacking Your Estate Plan When Moving to North Carolina Ward and Smith, P.A.
Feb
26
2024
 How Should Two or More People Own Property? Does It Matter? Ward and Smith, P.A.
Jul
31
2017
 DOJ Turns Up the Heat on Asset Forfeitures Ward and Smith, P.A.
Jun
14
2019
 Top 10 Estate Planning Mistakes & How to Avoid Making Them Ward and Smith, P.A.
Oct
31
2019
 Live-Action Role-Playing — The Challenges of Working With Family Members Ward and Smith, P.A.
Jul
10
2020
 How to Contest a Will: The Basics Ward and Smith, P.A.
Dec
29
2020
 Estate Planning Resolutions for 2021 Ward and Smith, P.A.
Jul
29
2022
 Estate Planning Considerations That Apply to Nearly Everyone Ward and Smith, P.A.
May
19
2023
 Estate Planning With Limited Liability Companies: Transfers of Business Interests as a Planning Opportunity Ward and Smith, P.A.
Feb
9
2024
 Who Will Take Care of My Horse When I Die? Ward and Smith, P.A.
Jun
20
2019
 Happy 18th Birthday! Your College-Aged Child is an Adult. Now What? Ward and Smith, P.A.
Apr
14
2021
 Yours, Mine, and Ours: Estate Planning for Blended Families Ward and Smith, P.A.
Mar
3
2023
 "It Ain't Over 'Til It's Over" - Use Of A Funded Revocable Trust In Estate Planning Ward and Smith, P.A.
Apr
13
2020
 Estate Planning Considerations That Apply "Across the Board," and Not Just in Times of Global Pandemic Ward and Smith, P.A.
Apr
22
2022
 When Is a Deal a Deal? Ward and Smith, P.A.
Aug
25
2023
 Gifts That Keep on Giving Ward and Smith, P.A.
Mar
11
2022
 Make Estate Planning a Point of Focus in 2022 Ward and Smith, P.A.
Jan
3
2020
 Estate Planning Resolutions for 2020 Ward and Smith, P.A.
Apr
28
2023
 Has Your Business Attorney Met Your Estate Planning Attorney? Ward and Smith, P.A.
Apr
24
2017
 QDOT-ting I's and Crossing T's: Estate Tax Planning for Non-United States Citizen Spouses Ward and Smith, P.A.
Nov
15
2019
 Lifetime Transfers of Family Business Interests: An Estate Tax Planning Opportunity in Uncertain Political Times Ward and Smith, P.A.
Jan
29
2020
 The SECURE Act: Elimination of the Stretch IRA Ward and Smith, P.A.
May
5
2020
 New NC Law Relaxes Requirements for Execution of Estate Planning Documents Ward and Smith, P.A.
Jun
3
2020
 Is it Time to "Use it or Lose it?" Ward and Smith, P.A.
Jan
4
2023
 Are Your Retirement Accounts SECURED? Action Steps for Plan Participants and IRA Owners Ward and Smith, P.A.
Jan
8
2020
 Real-Life Lessons on How Mid-Sized Companies Handle Ownership Transitions Ward and Smith, P.A.
Jan
29
2021
 The Exemption Also Rises (But Could Set Soon) Ward and Smith, P.A.
Jul
5
2022
 Joint Trusts: A Useful Tool for Some Married Couples Ward and Smith, P.A.
Jun
24
2023
 Basic Estate Tax Planning For Married Couples: Opportunities For Use Of Estate Tax Exemptions Ward and Smith, P.A.
May
17
2019
 Will My Judgment Get Discharged in Bankruptcy? Ward and Smith, P.A.
Mar
29
2021
 A Farewell to the Current Gift and Estate Tax Exemption? Ward and Smith, P.A.
Apr
3
2020
 Turning Low Value Lemons Into Estate Planning Lemonade – Part I Gifting Opportunities Ward and Smith, P.A.
Feb
16
2024
 Ensuring a Furry Future: Estate Planning for the Pets We Love Ward and Smith, P.A.
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