Trusts

Trust are often created in a person's lifetime in order to serve as a strategic way to avoid taxes and to manage wealth. They can therefore be extremely complex to manage, and although they are created to benefit the trustee, they can very easily go wrong.This blog...

Trust funds are a great way to have a high amount of control over your wealth, and have the power to determine how it will be distributed over time. It can be preferable to a will in this sense, because you can control the time period in which the trust fund will be...

If you have significant debt, it is important to consider how this might affect your estate plan. In broad strokes, there is good news and bad news. The good news is that creditors are generally not allowed to pursue payment for debts from family members of deceased...

When preparing your estate plan, it is always important to deal with your life insurance policy before it can become an unintended frustration for the ones you love. If you do not take proper precautions, your policy can add to your estate so that you cannot avoid...

There are many kinds of trusts, each with their own advantages and best uses. When creating an estate plan, trusts often arise as a tool for transferring assets without incurring unnecessary taxation. While many trusts offer some form of tax shelter, an AB trust...

Over the last year, the term "blind trust" has become a common phrase used by many new outlets and talking heads. Often, it is discussed in the context of President Trump and his numerous business interests. So, what exactly is a blind trust, and how are they used?In...

Trusts are excellent financial tools and can be amazingly effective when they are used correctly. The variety of available trust options can be overwhelming, each with its own specific advantages and limitations. Charitable Remainder Trusts are an excellent way to...

A trust can be a useful tool if you want to leave money to someone, but you don't want to do it all right away. Many times, this comes back to a perception of maturity. For example, you may choose to leave $600,000 to an heir, but your heir is currently just 15 years...

When completing your estate planning process, you may think all you need is a will. While a trust doesn't replace a will, it can be a good estate planning instrument. Most trusts only deal with specific assets, such as a piece of property or life insurance. A will...

A living trust is also commonly referred to as a revocable trust. It can be an estate planning tool that can help your loved ones avoid the hassles and costs of probate after you pass on.Living trusts are not the same as a will. If assets are transferred into a trust,...