Christy E Reid

/Home/Probate & Estate Attorneys: Charlotte NC

Mrs. Reid practices in the areas of estate planning, trust and estate administration and taxation. She advises families through multiple generations in all aspects of wealth transfer including tax planning, succession planning, planning for persons with special needs and spendthrifts, charitable giving, creditor protection and premarital agreements. She represents clients in the design and implementation of sophisticated tax strategies that minimize estate, gift, generation-skipping and/or income taxes such as grantor retained annuity trusts, qualified personal residence trusts, life insurance trusts, dynasty trusts, sales to defective grantor trusts, family limited liability companies and limited partnerships, private foundations and charitable lead and remainder trusts.

Mrs. Reid works closely with other advisors of the client in preparing complicated estate planning documents and estate, gift and fiduciary income tax returns. She serves as counsel to trusts and estates, advising them on complex disclaimers, tax elections and allocations, valuations of assets and other matters, and represents them in tax audits.

Mrs. Reid is active at the national level in the American College of Trust and Estate Counsel where she serves on the fiduciary income tax committee and as state chair for North Carolina. She is a co-author of two popular resources for North Carolina attorneys, the BB&T Estate Planning Forms Manual and the document assembly software program, MenuForms for North Carolina Estate Planners. She is a frequent lecturer on estate planning, administration and tax topics.

Christy Eve Reid
Robinson Bradshaw & Hinson PA
101 N Tryon St #1900
Charlotte NC 28246-1900
Tel: 704 377-8369
Fax: 704 373-3969
E-mail: creid@rbh.com

Practices
* Taxation
* Trusts and Estates

Our highly experienced trusts and estates practice group assists clients with the design and implementation of their personal estate plans and wealth transfer strategies. We offer creative solutions in sophisticated planning for corporate executives, owners of closely held businesses, professionals and high net worth individuals, with a focus not only on minimizing taxes but also on fostering the client’s unique family, business and charitable goals through multiple generations. Our broad experience extends to the administration of trusts and decedents’ estates.

Our attorneys are licensed in North Carolina, South Carolina and Virginia. They work closely with attorneys in other areas of the firm, such as real estate and litigation, and the client’s other professional advisors to provide high quality and fully integrated services. Four members of the group are Board Certified Specialists in Estate Planning & Probate Law in North Carolina and three members are Fellows of the American College of Trust and Estate Counsel.

Our lawyers offer comprehensive estate planning services designed to meet the diverse needs of our clients, including the preparation of wills, revocable (living) trusts, general powers of attorney, health care powers of attorney and advance directives, HIPAA authorizations and beneficiary designations for retirement plans and life insurance. Lawyers across North Carolina rely on our drafting expertise by purchasing our popular document assembly software program, MenuForms.

We are experienced and proactive in tailoring and documenting sophisticated lifetime techniques designed to save transfer taxes, including:
* "Crummey" and Section 2503(c) trusts
* Dynasty trusts
* Family limited partnerships and family limited liability companies
* Gifts and sales to intentionally defective grantor trusts
* Grantor retained annuity trusts (GRATs)
* Life insurance trusts
* Qualified personal residence trusts (QPRTs)
* Qualified terminable interest property (QTIP) trusts

We assist clients in meeting compliance requirements associated with their gifts, including the complexities of gift tax reporting and allocation of generation-skipping transfer tax exemptions.

We counsel clients in planning for the transfer of closely held business interests and in implementing succession plans that minimize transfer taxes while achieving the client’s goals with regard to business continuity.

We help to further our clients’ philanthropic objectives through the formation and operation of private foundations, the use of donor advised funds, and the creation and administration of charitable lead and remainder trusts.

We also assist our clients with planning for asset protection and wealth preservation during sensitive family events through the use of premarital agreements, asset protection trusts, guardianships and special needs trusts.

Our lawyers have extensive experience representing both individual and corporate fiduciaries in the administration of trusts and estates. Our fiduciary services include:
* Court inventories and accountings
* Federal and state estate tax returns
* Fiduciary income tax returns
* Judicial and non-judicial modifications of irrevocable trusts and decanting to new trusts
* Post-mortem tax planning, such as disclaimers and various tax elections
* Representation in audits of federal and state estate, gift and fiduciary income tax returns
* Formation of private trust companies