Currently viewing the tag: "estate planning 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 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 […]

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In Trusts We Trust: Day 37

January 10, 2012 by

Incentive Trusts, Day Two What separates an Incentive Trust from any other type of Trust arrangement is that the beneficiaries must adhere to specific requirements set out by the grantor in order to receive assets from the trust.  In this type of trust, specific language is put into the Trust that incentivizes a beneficiary to […]

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In Trusts We Trust: Day 36

January 9, 2012 by

Incentive Trusts, Day One What separates an Incentive Trust from any other type of Trust arrangement is that the beneficiaries must adhere to specific requirements set out by the grantor in order to receive assets from the trust. Sure, like all Trusts, an Incentive Trust is a legally-binding legal tool in which a designated trustee […]

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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 27

December 26, 2011 by

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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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 18

December 8, 2011 by

Dynasty Trusts, Day Two Yesterday we started a series of posts about Generation-Skipping Transfer Trusts, which are also known by the name ‘Dynasty Trusts.’  So where to begin today as we explore what these trusts are and what they might provide for you?  I’ll begin where many of my clients and potential clients begin when […]

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In Trusts We Trust: Day 17

December 8, 2011 by

Dynasty Trusts, Day One What’s all the fuss about Dynasty Trusts?  That’s what this series of blogs is about to uncover.  Many clients and potential clients raise a similar question; they want to know about the so-called “Dynasty Trusts” they’ve been hearing so much about.  Rather than leaving you to your own devices, I thought […]

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In Trusts We Trust: Day 11

November 29, 2011 by

Charitable Trusts, Day Six We’ve been addressing Split-Interest Trusts recently; those are unique types of trusts that are established to benefit both charitable and non-charitable recipients.  These types of trusts would be a match for you if you have both philanthropic and family needs to attend to; if you both want and need to care […]

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