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Monthly Archives: February 2014
Transferring Marital Real Estate into a Revocable Trust
When married couples own real estate in North Carolina as husband and wife, such ownership is called Tenancy by Entirety ownership. Tenancy by Entirety ownership provides protection from creditors so that a creditor must have a valid claim against both … Continue reading
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Steps in Funding and Maintaining the Irrevocable Life Insurance Trust
After the Trust has been executed by the Grantor and Trustee, the Trustee should establish a tax ID number (known as an EIN number) with the I.R.S. I would do that on the website of the I.R.S., which is www.irs.gov. … Continue reading
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