Corporate Transparency Act (CTA) Update:  Enforcement of Beneficial Ownership Information (BOI) Reporting Suspended

Just days after previously extending the Beneficial Ownership Information (BOI) reporting deadline, FinCEN announced on February 27th that all reporting and enforcement of the Corporate Transparency Act (CTA) would be suspended until a new reporting rule was finalized. 

On March 2nd, the US Treasury Department issued a press release in...

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Man writing on a paper with a pen

Signing Legal Documents During the Pandemic

By Kimberly H. Whitley

As we all know, everyday tasks have become more difficult during the Coronavirus Pandemihttps://www.patrickharperdixon.com/our-attorneys/#thomasc. The Courts and the legislature of North Carolina have made temporary and emergency changes to the laws to allow for the legal process to move forward and for necessary documents to...

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Problematic Assets in Planning and Estates

By Kimberly Whitley

Certain types of assets routinely cause issues in estate planning and administration. The issues and suggested solutions are detailed below:

Mobile Homes. Frequently, clients transfer mobile homes by executing a Bill of Sale rather than transferring the Certificate of Title for the mobile...
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An elderly man discussing with his lawyer regarding retirement accounts

Changes in Retirement Accounts for 2020

Congress has passed the Setting Every Community Up for Retirement Enhancement Act (“SECURE ACT”), effective as of January 1, 2020. The SECURE Act contains some major changes for distributions relating to retirement accounts, including the following:

Stretch payments. In general, a spouse beneficiary can continue to roll over...
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