Skip to content
YouTube Twitter RSS
  • Home
  • About
  • Estate Planning
  • Business Planning
  • Tax
YouTube Twitter RSS

Patrick D. Newton, P.C.

Family Wealth & Business Counsel
Skip to content
  • Home
  • About
  • Estate Planning
  • Business Planning
  • Tax
Home Page

Reasons to convert your corporation to an LLC

Patrick August 13, 2016 August 13, 2016Business Planning, LLC, Tax

Creditor Protection for the company. Both corporations and LLCs provide creditor protection for the owner. That is, if the company gets sued, the shareholders should be protected from that lawsuit through the limited liability concept for corporations and LLCs. However, if an owner of corporate stock is sued personally (a …

Continue reading

Family Values and History are Still the Best Inheritance

Patrick July 9, 2016 July 12, 2016Estate Planning

Family Values. Family Traditions. Family History. Money is nice, but passing down your family values, traditions and history is the richer inheritance. A 2012 Allianz Life American Legacies Pulse Study* which surveyed baby boomers (age 47 to 66) and “elders” (age 72 and older) revealed a high percentage of both …

Continue reading

What should I do with my Old Will?

Patrick July 9, 2016 July 12, 2016Estate Planning

Signing a new Will automatically revokes all prior Wills. Under North Carolina law, revoking a will or any part of a will can be revoked a variety of ways: a subsequent will or codicil a writing executed in the same manner as a will showing intent to revoke physically destroying …

Continue reading

An Inherited IRA and Bankruptcy

Patrick July 9, 2016 July 12, 2016Estate Planning, Tax

In Clark v. Rameker, a case decided by the U.S. Supreme Court on June 12, 2014, the Court ruled that an inherited IRA did not constitute “retirement funds” under the Federal Bankruptcy Code and, therefore, those funds were not exempt assets of the bankrupt estate and were subject to the …

Continue reading

Unintended consequences: After divorce, review your estate plan to avoid surprises

Patrick July 9, 2016 July 12, 2016Estate Planning

Continue reading

Does my LLC need formal Annual Meetings?

Patrick July 9, 2016 July 12, 2016Business Planning, LLC

The law does generally not require meetings of Limited Liability Companies, Trusts, and Limited Partnerships. However, a Limited Partnership or Limited Liability Company (LLC) is a business, and most businesses do have regularly scheduled meetings of the management team and the owners. To help make sure my clients formalize this, …

Continue reading

123
  • YouTube Twitter RSS
  • Browse Categories

    Business Planning End of Life Planning Estate Planning Estate Tax Gift Tax Insurance Irrevocable Trusts Living Trusts Living Will LLC Tax Trust Funding
  • Search

  • Home
  • About
  • Estate Planning
  • Business Planning
  • Tax
This text can be changed from the Miscellaneous section of the settings page.
Lorem ipsum dolor sit amet, consectetur adipiscing elit, cras ut imperdiet augue.
Powered by Nirvana & WordPress.
YouTube Twitter RSS