Estate Planning: What’s Right for You?
Estate planning sounds like one of those “should do” tasks that a responsible adult does later. Somehow, it often ends up in the same procrastination…
Protect Yourself in a Financial Emergency
Life is full of unexpected twists. If you have a crisis, you don’t want your life to go down in flames. What can you do…
Is a Dynasty Trust right for you?
With the Biden administration discussing changes to the tax code, it makes sense to consider creating a family legacy, like a dynasty trust, for your…
Avoid the Pitfalls of Multi-Generational Wealth Transfer
Passing on wealth to the next generation—also called wealth transfer—is a challenge faced by many families. 70% of Multi-Generational Wealth Transfers Fail According to research,…
Life Insurance Benefits: How to Avoid Estate Taxes
The reason that most people buy life insurance benefits is to provide for their family after their death. Yet, in some cases, if the life…
Life Insurance Trust: Minimize Estate Taxes
Even a with modest estate, you can end up owing hundreds of thousands of dollars in estate taxes. Why? A life insurance policy with a…
QPRT: Transfer Your Home to Your Kids with Less Taxes
You’re at the point in your life where you want to transfer the ownership of your home to your kids. How can you best make…
Crummey Trusts: How to Manage Monetary Gifts
How can a Crummey Trust help you? Giving Responsibly With a custodial account, you can give away up to the gift tax annual exclusion amount…
Charitable Remainder Trust: A Powerful Estate Planning Tool
When you’re developing your estate plan, one powerful tool to consider is a charitable remainder trust (CRT). A CRT may enable you to reduce your…
Sham Trusts: How to Avoid Tax Penalties
The IRS warns us about tax evasion schemes, called “sham trusts,” involving foreign and domestic trusts. An important of estate planning is find the best…