Louis Wooten recently won a rare abatement of the trust fund tax penalty from the IRS. In the case, Wooten’s client was assessed as a responsible person for trust fund taxes accruing over several years, with the latest assessment being…
Everybody these days seems to want to avoid probate. First, let me say that while there are benefits to avoiding probate, probate itself is not necessarily always a bad thing. Probate is the process by which we gather the deceased’s…
After more than twenty years of practice in both the public and private sectors, Louis Wooten has decided to “hang out a shingle” and open his own law firm. Louis has opened his new practice, Louis Wooten, Attorney at Law,…
This summer, Louis Wooten was one of the featured speakers at the 2010 North Carolina Bar Association Estate Planning Section annual meeting and continuing education. The two-day annual event was held this year at the prestigious Kiawah Island Golf and…
Louis Wooten was recently elected to the North Carolina Bar Association Tax Section Council. The Council serves as the governing body for the Bar Associations Tax Section. The Tax Section consists of several hundred tax practitioners from all over the…
I get this question a lot. I am happy to report that the North Carolina does not require a will in order to die (kidding). Indeed about one half (1/2) of the estates probated in North Carolina are “intestate” (i.e.,…
WELCOME to my blog. I’ve never blogged before and had some apprehension that I may not be doing it “right.” True to form, I did some research and visited some other estate planning blogs to see how they do it….
