Search Results for: "Trusts"
Understanding Grantor-Retained Income Trusts
Many people seek strategies for wealth transfer and estate planning that preserve their assets and allow them to reap financial benefits while…
You Can Provide Income to Your Heirs From Charitable Trusts
A charitable trust is an irrevocable trust that provides income to heirs while benefiting you or a charity. If you are philanthropically…
A Guide for Understanding Irrevocable Trusts
A client asked us this interesting question: After my brother died, he left money in a revocable trust for my children –…
A Guide for Understanding How Pet Trusts Work
Hotel heiress Leona Helmsley left a trust fund for her Maltese dog named “Trouble” to the tune of $12 million dollars in…
Discerning Wills and Trusts
There are different benefits to using both wills and trusts for estate planning purposes. Each state has specific laws and regulations governing…
An Overview of Estate Taxes
Estate taxes are imposed in the US on assets transferred from a deceased individual’s estate to his or her heirs. An estate…
Choosing to Do Your Own Estate Planning Can be Risky
You may think creating your estate plan with do-it-yourself documents will save you cash. However, it can be costly in the end,…
Your Children and Inheritance Conversations
You can influence your adult children’s decision-making process by managing expectations regarding their inheritances as they form their financial plans and knowing…
The Wealth Transfer Strategy
Assets or wealth are transferred from one person or entity to another via wealth transfer. The transfer can happen either during your…
Death With a Will versus Death Without a Will
We don’t want to think about death, especially our own death. Add to that the question of what will happen to our…