In Trusts We Trust: Day 35

January 7, 2012 by admin

Life Insurance Trust A Life Insurance Trust is often chosen because it allows a grantor to exclude their life insurance from their taxable estate.  In addition, a Life Insurance Trust, can assist your heirs by providing them with an immediate influx of un-taxable cash, as well as helping to pay estate fees.  The proceeds from […]

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In Trusts We Trust: Day 34

January 6, 2012 by admin

Irrevocable Trust As you might guess from the name, an Irrevocable Trust is a legal instrument that cannot be altered, changed, modified or revoked after its original execution. In contrast to a Revocable Trust, which can be changed at will, an Irrevocable Trust is iron clad; once the grantor funds assets into the Trust, there […]

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In Trusts We Trust: Day 33

January 5, 2012 by admin

Implied Trust An Implied Trust is a Trust that arises by inference; the trustor’s intentions are speculated upon, and using the trustors conduct, actions, words, relationships, etc., a conclusion is drawn.  First, however, an intention on behalf of all concerned parties to create a Trust in the first place has to be reasonably proven to […]

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In Trusts We Trust: Day 32

January 3, 2012 by admin

New Year Recap For the past six weeks we’ve been delving deeply into the world of Trusts.  Stick with us in the New Year and you’ll be one of the smartest, most informed people you know! We’re continuing on where we left off; for the next few weeks we’ll continue the series.  In case you’re […]

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2012 Is Here!

January 2, 2012 by admin

There’s no denying it; 2012 is here.  Regardless of the fact that I’m still not quite sure where 2011 went, the year has come and gone.  Each year I make it a tradition to start anew; I celebrate the wins of the past year; I learn from the mistakes, shortcomings and failures of the year gone by, […]

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In Trusts We Trust: Day 31

December 30, 2011 by admin

Inter Vivos Trust The phrase “Inter Vivos” is Latin; it means “Between the living.”  In the estate-planning world, Inter Vivos is assigned to gifts that are given during the lifetime of the person giving the gift. What’s the difference between an Inter Vivos Trust vs. Testamentary Trust?  Inter Vivos Trusts are set up during lifetime, […]

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In Trusts We Trust: Day 30

December 29, 2011 by admin

Implied Trusts Today we’ll cover Implied Trusts, which are generally the result of litigation over misused assets or assets that have been absconded with. An Implied Trust is a legal arrangement that has the characteristics of a trust without the formalities establishing one. An implied trust may not be expressly defined as a trust in […]

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In Trusts We Trust: Day 29

December 28, 2011 by admin

Heritage Trusts “How do I ensure my assets stay in my family?” is one of the estate-planning questions I’m most frequently asked.  I want to answer this question publicly, precisely because it is so common.  The irony is, however, that many clients ask to speak with me about the subject, believing that it is a […]

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In Trusts We Trust: Day 28

December 27, 2011 by admin

Grantor Retained Annuity Trust (“GRAT”) A Grantor Retained Annuity Trust, like yesterday’s Grantor Retained Income Trust is another type of split-interest trust that can be used to move potential gain out of the grantor’s estate and thereby escaping higher taxes at time of death. Essentially a Grantor Retained Annuity Trust is an estate-planning tool that […]

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In Trusts We Trust: Day 27

December 26, 2011 by admin

Grantor Retained Income Trust (“GRIT”) As we continue on in our educational series on Trusts, today we cover Grantor Retained Income Trusts. A Grantor Retained Income Trust is a type of split-interest trust that can be used to move potential gain out of the grantor’s estate, thereby escaping higher taxes at time of death. On […]

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