By Donald Fuller | Published December 28, 2025 | Posted in Estate Planning | Tagged Tags: assets, marital trust, trusts |
Dispute Over Buffett’s Legacy Shows Two Trustees Are Not Always Better than One
Singer-songwriter Jimmy Buffett built a devoted following of “Parrotheads” through songs about living the easy life along the coastline and among the islands. Along the way, he also built a huge business empire centering on his Margaritaville brand. Some estimates say that Buffett’s fortune was approximately $1 billion when he died in 2023. Despite the Read More
Read MorePassing on Family Vacation Homes Requires Thoughtful Planning
Whether it’s near an Outer Banks beach, high in the mountains or somewhere else, many families cherish their vacation homes. In some cases, these properties have been passed down through the generations, making them both valuable assets and the setting for priceless moments. When considering what will happen after their passing, many people fervently wish Read More
Read MoreAccess to Estate Planning Documents Is a Crucial Aspect of Disaster Preparedness
More than a year after Hurricane Helene and the massive floods that followed, life still has not returned to normal for many residents of western North Carolina. In all, the death toll from the storm and its aftermath exceeded 250. This tragedy underscores the fact that a natural disaster or other type of catastrophic event Read More
Read MoreTitle Issues Relating to Heirs’ Property Under North Carolina Law
Throughout North Carolina, there are farms and other types of real estate parcels that have been passed down through families for generations. While owning the land of your ancestors can be very satisfying, you could experience serious legal complications if title was not formally transferred. Under state law, heirs’ property refers to land that is Read More
Read MoreEarnhardt Disputes Show the Importance of Careful Estate Planning in Blended Families
Nearly everyone who creates an estate plan does so to benefit their family members. This can be much more complicated than it sounds. Even in families where parents are married and only have children with each other, there can be serious conflicts about how assets are distributed upon one’s death. In blended families, where a Read More
Read MoreBill Passage Means that Expanded Estate Tax Exemption Stays
As a wide range of policy objectives were included in what was called “One Big Beautiful Bill,” it can be easy to overlook some of its specific provisions. When President Trump signed the legislation on July 4, one of the results was that a drastic change in estate taxation was averted. The federal government exempts Read More
Read MoreHow Do Spousal Lifetime Asset Trusts Help High Net-Worth Couples?
High-earning spouses sometimes seek ways to reduce or eliminate estate-tax exposure while ensuring that their partner has access to the wealth they’ve accumulated. There are various methods of protecting one’s husband or wife in this way, and a qualified estate planning attorney can find what works best for your situation. For example, a Spousal Lifetime Read More
Read MoreSharp Drop in Federal Estate Tax Exemption Still Slated for End of Year
There has been a great deal of speculation regarding the scheduled expiration of the increased federal estate and gift tax exemption. Introduced as part of the Tax Cuts and Jobs Act of 2017, the exemption was doubled for a period ending on December 31, 2025. While some people believe that Congress may extend the current Read More
Read MoreTragic Hackman Case Demonstrates Importance of Thorough Estate Planning
When two-time Academy Award winner Gene Hackman and his wife of 30 years, Betsy Arakawa, were found dead in their New Mexico home, it took several weeks to determine what had happened. Now that an investigation has revealed the sequence of events, it appears that nothing in Hackman’s estate plan provides instructions on how his Read More
Read MoreHow Will Coronavirus Affect Contractual Relationships and Obligations?
The coronavirus pandemic has disrupted practically every aspect of American life. Whether closed by government order or by concerns about public safety, millions of businesses around the country have seen their operations come to a halt. Despite the overwhelming effect of COVID-19, it is not a certainty that an “Act of God” clause in a Read More
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Atty Don Fuller prepared a will and powers of attorney for me. He was highly professional and extremely knowledgeable. He listened to my concerns and explained everything completely. I highly recommend him.
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5.0/5.0Mr Donald R. Fuller, Jr. was very thorough in preparing our powers of attorney, medical directives and wills according to our wishes and explaining...
