Estate Planning During COVID-19
At Hickmon & Perrin, the health and safety of our clients and staff are our most important priorities. We also want you to know that during the midst of the COVID-19 outbreak, we are here [...]
Those Affected by COVID-19 May Be Eligible for Penalty Free Retirement Withdrawals During 2020
Among the many opportunities for relief provided by the “Coronavirus Aid, Relief, and Economic Security Act” (“CARES Act”), certain individuals that have been affected by COVID-19 may be eligible for penalty free “coronavirus related distributions” [...]
Minimum Required Distributions Suspended for 2020 Under CARES Act
In response to Covid-19’s effect on the economy, Congress enacted and President Trump signed into law the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”) on March 27, 2020. The CARES Act was filled [...]
James E. Hickmon and Christian L. Perrin Selected as 2019 Legal Elite and Super Lawyers
Attorneys James E. Hickmon and Christian L. Perrin have been selected as part of Business North Carolina Magazine’s Legal Elite and Super Lawyers for 2019. Since 2002, Business North Carolina magazine has honored North Carolina [...]
IRS Releases Proposed Regulations on Clawback of Gift and Estate Tax Exclusion
On November 23, 2018, the IRS released proposed regulations providing that for gifts made prior to January 1, 2026 (the date in which the new Tax Act will sunset), the current basic exclusion amount will [...]
United States Tax Court Issues Opinion in Estate of Turner V. Commissioner Reducing Marital Deduction for Federal and State Estate Taxes
Following a petition to resolve an ongoing controversy regarding the computation of the marital deduction under Code Section 2056, on November 20, 2018 the United States tax court issued an opinion in Estate of Turner [...]