Trusts can be a very versatile and powerful tool. They allow us to designate beneficiaries and assign wealth to them in nearly any way, from monthly payouts to a conditional lump sum. But unlike most other estate planning documents, trusts are much more than just a document. The paperwork surrounding a trust establishes its existence …
The key goal for many estate plans is to make sure our legacy to the family is positive, and that our descendants get the chance to make the most of what we leave behind. We all want what is best for our loved ones, and estate plans are crucial to making those hopes a reality. …
A charitable remainder trust is a specially designed tax-exempt irrevocable living trust set up to host and hold appreciating assets, pay out income to its beneficiaries, and eventually donate the remainder of its contents to a charity of your choice. While the focus of a charitable remainder trust seems to be the giving to charity, …
It’s never pleasant to think of the contingencies you might have to set in place to account for your death. Life is unpredictable, and things can happen when you least expect them. That’s why it’s essential to prepare for the unexpected by ensuring that our affairs are in order should the worst come to pass. …
Less than a third of American adults have their estate in proper order, with a plan in place to ensure that should anything happen, their family can rest assured that a major source of stress and strife has been eliminated. The misconception that estate planning is only for the old and wealthy needs to be …