Currently viewing the tag: "inheritance"

In Trusts We Trust: Day 53

February 2, 2012 by

Tax By-Pass Trust Tax By-Pass Trusts are trusts that are irrevocable, meaning they can’t be changed once they are created, and the terms must be carried out.  In some cases where circumstances make carrying out the terms of the trust uneconomical or too difficult a court may step in to allow the terms to be […]

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In Trusts We Trust: Day 43

January 18, 2012 by

Purpose Trust Like an Incentive Trust, in a Purpose Trust, assets can be held in trust for a particular purpose, like paying for a person’s education. What separates a Purpose 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 […]

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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 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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In Trusts We Trust: Day 20

December 12, 2011 by

Dynasty Trusts, Day Four 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 cover the real reason the Dynasty Trusts got their name in the first place! While this may be a “Who is buried in Grant’s tomb?” question, why do […]

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In Trusts We Trust: Day 19

December 9, 2011 by

Dynasty Trusts, Day Three For the past few days we’ve been posting a series about Generation-Skipping Transfer Trusts, which are also known by the name ‘Dynasty Trusts.’ Today’s posting begins with the most important thing to know regarding estate planning: estate planning is really not a do-it-yourself proposition.  Although there are many free wills and […]

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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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On Steve Jobs, Day 9

October 27, 2011 by

Since Steve Jobs left us at the beginning of the month, many have speculated on just how he planned for his death, what specific type of estate planning tools he used and how he took care of his family and protected the empire he’d spent a lifetime building. Back in 2009, Reuters reported that Jobs […]

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