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Southpoint Estate Planning | 5842 Fayetteville Road
Suite 113 | Durham, NC 27713
(919) 835-6762

www.southpointep.com

 

In The News

Closely-Held Business Owners - Are you prepared for the Corporate Transparency Act?
A business may be required to report under the CTA even if it is a business that is not required to report for Federal income tax purposes (such as a single-member LLC), and even if it was formed to hold specific property, such as real estate, and does not conduct any active business. 
A Parent's Situation Can Shift Child's SSI to SSDI Benefits
Because of their disability, a person receiving SSI may not have worked long enough to qualify for SSDI benefits, but may begin receiving SSDI benefits if a parent retires, becomes disabled, or passes away.

Using an Irrevocable Trust to Protect Your Home

Your most valuable property may be your home, which is true for many people. You likely want your children to inherit that value when you pass away.

However, you may also have concerns about planning for the future, especially if your health declines and you need expensive long-term care. You may be aware that Medicaid can pay for these services. However, Medicaid rules say you can own no more than around $2,000 in assets to be eligible – now what?

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