Updates

IRS Publishes Final Regulations Defining Terms Relating to Marital Status

The Internal Revenue Service (“IRS”) and the Department of the Treasury have released a notice of proposed rulemaking to follow the rulings of Windsor v. United States, 133 S. Ct. 2675 (2013) and Obergefell v. Hodges, 135 S. Ct. 2584 (2015) that legalized same sex marriage. These proposed regulations sought to clearly define what marital

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Understanding Retirement Plan Assets – Options for Surviving Spouses

  Trillions of dollars have been invested in individual retirement plans (IRAs) and qualified retirement plans (QRPs), such as 401(k) plans and 403(b) plans. These retirement assets comprise a substantial portion of the net worth of many middle-class and upper-class families. These assets often pass at death based upon beneficiary designation or the terms of

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James Hickmon & Christian Perrin Certified as Specialists in Estate Planning and Probate Law

The North Carolina State Bar Board of Legal Specialization recently certified Charlotte attorneys James E. Hickmon and Christian L. Perrin as specialists in Estate Planning and Probate Law.  Only 141 actively licensed attorneys of North Carolina’s approximately 20,000 lawyers have achieved this distinction.  Mr. Hickmon and Mr. Perrin are shareholders in the Charlotte firm of

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A post-Obergefell Review of Spousal Rights in North Carolina

In Obergefell v. Hodges the Supreme Court of the United States ruled that a state’s refusal to recognize a same-sex couple’s fundamental right to marry was an unjustified deprivation of the substantive due process and equal protection guaranteed by the 14th Amendment of the United States Constitution. The Court’s decision requires all states, including North Carolina, to

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North Carolina Appellate Court Decision Clarifies Jurisdictional Authority of Clerks of Superior Court

North Carolina Appellate Court Decision Clarifies Jurisdictional Authority of Clerks of Superior Court James E. Hickmon, JD, MBA, CFP Alec C. Roberson, B.A., B.S. Accounting The North Carolina Court of Appeals has issued a published opinion that provides some degree of clarity as to the Court’s position on the jurisdictional authority of Clerks of Court

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IRS Adopts “State of Celebration” Rule in Recognizing Same Sex Marriages

In reaction to a landmark Supreme Court ruling involving the tax implications of same-sex marriages, the United States Treasury and the Internal Revenue Service (“IRS”) have issued much anticipated guidance explaining the federal tax implications of the Supreme Court’s Windsor decision, striking down Section 3 of the Defense of Marriage Act, signed into law by

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Congratulations Christian…

Hickmon & Perrin is pleased to announce that Managing Shareholder Christian Perrin has been confirmed as Chair of the Estate Planning & Probate Section of the Mecklenburg County Bar Association. Christian’s term will run through June 2014 and will see him working with Diane Burks of Katten Ruchin  Rosenman, LLP as Vice Chair. Please join

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Federal Budget Proposals for Fiscal Year 2014

On April 10, 2013, the White House released its federal budget proposals for fiscal year 2014. The Treasury Department’s “General Explanations of the Administration’s Fiscal Year 2014 Revenue Proposals” (the so-called “Green Book”) was released later that day. Among other things, the revenue proposals include proposed tax changes for businesses and individuals. In its budget,

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Jim & Christian Elected to ‘Legal Elite’

Jim Hickmon and Christian Perrin have both been elected to Business North Carolina Magazine’s 2013 “Legal Elite” in the field of Tax & Estate Planning by their fellow members of the NC State Bar.    For the 12th consecutive year Business North Carolina Magazine has compiled the list of North Carolina’s top lawyers in 14

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Jim & Christian to present at Mecklenburg County Bar Association’s 2013 Estate Planning Series.

Christian Perrin and Jim Hickmon will each present during the Mecklenburg County Bar Association’s 2013 Estate Planning Series.  Christian’s January 22, 2013 presentation is entitled “Attorney as Executor: Ethics in Estate Administration & Estate Controversy.”  Jim Hickmon’s February 5, 2013 presentation is entitled  “Understanding & Mitigating the Fiduciary Income Tax.”  Both programs qualify for the North

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