Currently viewing the tag: "estate law"

In Trusts We Trust: Day 41

January 17, 2012 by

Private Trust Over the course of the past forty days we’ve covered trusts from the A/B Trusts to the Personal Injury Trusts and everything in between. Today we’re covering Private Trusts; these are Trusts created for the benefit of one or more private beneficiaries; they are not Trusts that are created for the benefit of […]

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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 […]

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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, […]

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In Trusts We Trust: Day 30

December 29, 2011 by

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 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 […]

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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 […]

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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” […]

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In Trusts We Trust: Day 23

December 21, 2011 by

Express Trusts When a person uses the term “Trust,” what they are typically referring to is an Express Trust. An Express Trust is a deliberately created legal tool that is executed by a grantor to exercise his powers of ownership over his assets.  An Express Trust refers to Trusts that are specifically created by the […]

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In Trusts We Trust: Day 22

December 19, 2011 by

Dynasty Trusts, Day Six When one is seeking to create a Dynasty Trust, generally that individual is a future-looking in nature. They are looking past their children to their grandchildren, great-grandchildren and beyond.  A person’s potential ability to cause a lasting and positive impact beyond their lifetime alone is very attractive prospect. The Dynasty Trust […]

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In Trusts We Trust: Day 21

December 13, 2011 by

Dynasty Trusts, Day Five For the past several days I’ve been covering Generation-Skipping Transfer Trusts, which are also known by the name ‘Dynasty Trusts.’  Today’s posting will address how you may take advantage of this technique in your financial planning. When clients or potential clients first meet with us one of the things they most […]

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