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North Carolina does not levy an estate tax. However, your estate may still be subject to the federal estate tax if the value is high enough. If you think you need help with estate planning or any ...
The North Carolina chapter of the American Planning Association proposed reforms which were adopted in 2005. [2] The purpose of these reforms was to simplify, modernize, and make technical changes to the existing land use and planning laws. [2] The reform bills were sponsored by state Senator Daniel G. Clodfelter and Representative Lucy T ...
Estate planning is the process of anticipating and arranging for the management and disposal of a person's estate during the person's life in preparation for future incapacity or death. The planning includes the bequest of assets to heirs, loved ones, and/or charity , and may include minimizing gift, estate, and generation-skipping transfer taxes .
QTIP trust is a type of trust and an estate planning tool used in the United States. "QTIP" is short for "Qualified Terminable Interest Property." A QTIP trust is often used in order to take advantage of the marital deduction and still control the ultimate distribution of the assets at the death of the surviving spouse.
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According to North Carolina General Statute § 160A-442, "Dwelling" means any building, structure, manufactured home or mobile home, or part thereof, used and occupied for human habitation, or intended to be so used, and includes any outhouses and appurtenances belonging thereto or usually enjoyed therewith, except that it does not include any manufactured home or mobile home, which is used ...