TRUST ADMINISTRATION: THE FIRST AND MOST IMPORTANT STEP Trust administration is a necessary process that occurs after the death of either one or both settlors. To protect the successor trustees, ...
In addition to end-of-life planning through wills, trusts, and powers of attorney, our estate-planning group can assist clients with lifetime wealth transfer planning. Here, we discuss six alternatives for lifetime ...
If you are planning to sell a business, the sale could result in a huge capital gain. But there’s a way to reduce the tax bill, provide for a comfortable ...
Image retrieved from: Adobe Stock Charitable trusts come in two basic types: remainder trusts and lead trusts. Remainder Trusts There are two types of charitable remainder trusts: the annuity ...
Removing Life Insurance Proceeds From Your Taxable Estate Many people aren’t aware that all of the proceeds from life insurance policies that they own at death will be included their ...
Often, one of the most difficult choices for a client to make is the selection of people to make decisions for them. These fiduciaries may have great control over ones ...
Now that you are trustee of your own revocable living trust, you will want to manage it to maximum advantage. While this is not difficult to do, you should remember ...
Many items within a household can affect the overall value of the estate. These items include art, jewelry, collectibles, antiques, musical instruments, and the house itself. Appraisals provide a snapshot ...
What are the big mistakes people make when it comes to estate planning? The biggest mistake is a misunderstanding of beneficiary designations. Many assets today are transferred at death through ...
When we plan our lives and our estates, it’s not all about the estate taxes. Of course, estate taxes should be taken into consideration, but there are many more important ...
