Before deciding to modify a trust, it is important to consider the tax implications of such action. Modifying a trust could adversely affect income, gift, estate, and/or generation-skipping transfer taxes. Trusts generally are
Estate Planning & Administration
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Estate planning for married couples can be tricky when one spouse is significantly wealthier than the other, and each spouse wants different beneficiaries to ultimately inherit their estate. One solution to this problem
Families with high net worth can maximize their wealth preservation and minimize their tax liability through a number of legal strategies. However, tax laws continually change and can impact new and existing estate
You may think of estate planning as just instructions on how to distribute your assets when you pass away, but the truth is that proper estate planning can do a whole lot more.
The wealthy aren't the only ones who use trusts. Rather than focusing on wealth, they serve a variety of purposes and solve specific problems. Do you want to keep your affairs private and
You may be surprised to learn that not only has asset protection planning been around for a long time, but you likely have already engaged in it at some point during your life.
Most young parents do not think about dying or becoming seriously ill or injured. As unlikely as such a serious event is when we are young, it is a possibility. This is why
Is your estate planning up to date? There are a few simple questions you can ask yourself to find out. Do you have a will or a trust? Without your own plan you
It is possible that a family member or friend will ask you to act as their power of attorney. Your person may be planning for when they might become unable to take care
An estate plan that includes a revocable living trust is an excellent way to protect yourself and your loved ones upon your passing or in the event you are unable to manage your
