Currently viewing the tag: "assets"

In Trusts We Trust: Day 48

January 25, 2012 by

Simple Trust A simple trust is a trust where the trustee’s only duty is to distribute the assets to the beneficiaries according to the terms of the trust.  Simple trusts are aptly named, because they are in fact simple trusts to deal with.  They do not include charitable gifts and they do not include assets […]

Continue Reading

In Trusts We Trust: Day 38

January 11, 2012 by

Living Trusts If you were reading the blog a couple of weeks ago, you’ll remember we covered Inter Vivos Trusts.  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. Here in […]

Continue Reading

In Trusts We Trust: Day 35

January 7, 2012 by

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 […]

Continue Reading

In Trusts We Trust: Day 34

January 6, 2012 by

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 […]

Continue Reading

In Trusts We Trust: Day 32

January 3, 2012 by

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 […]

Continue Reading

In Trusts We Trust: Day 31

December 30, 2011 by

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, […]

Continue Reading

In Trusts We Trust: Day 28

December 27, 2011 by

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 […]

Continue Reading

In Trusts We Trust: Day 26

December 23, 2011 by

Grantor Trusts, Day Two For the past twenty-four days, we’ve been covering Trusts. While there are hundreds of different techniques you could use to protect your assets, we believe that one of the most financially sound ways to protect your assets is by setting up a trust. Today we’re covering what is known as Grantor […]

Continue Reading

In Trusts We Trust: Day 25

December 22, 2011 by

Grantor Trusts, Day One For the past twenty-four days, we’ve been covering Trusts. While there are hundreds of different techniques you could use to protect your assets, starting at stashing your cash under the mattress, and moving on up, we believe that one of the most financially sound ways to protect your assets is by […]

Continue Reading

In Trusts We Trust: Day 24

December 21, 2011 by

Generation-Skipping Trust A Generation-Skipping Trust is a legal tool in which the assets in the trust are passed down to the grantor’s grandchildren rather than to the grantor’s children.  These types of Trusts can provide immense savings in taxes because while the grantor’s children “skip” the opportunity to obtain the Trust’s assets, they also “skip” […]

Continue Reading