Currently viewing the tag: "wills and trusts"

In Trusts We Trust: Day 17

December 8, 2011 by admin

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 15

December 5, 2011 by admin

Credit Shelter Trust A Credit Shelter Trust is a type of trust that married couples would use to pass assets along to their heirs and avoid estate taxes while doing so.  A Credit Shelter Trust is also known as an A/B Trust.  The contingency is that a Credit Shelter Trust only works if you are married […]

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In Trusts We Trust: Day 14

December 2, 2011 by admin

Constructive Trusts To understand a Constructive Trust, we must first understand that a constructive trust is not a trust, in the typical sense.  Typically a trust is an estate-planning tool into which the grantor has titled their assets, and an appointed trustee has duties of administration enduring for a substantial period of time.  A Constructive […]

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In Trusts We Trust: Day 9

November 25, 2011 by admin

Charitable Trusts, Day Four Two days ago we began covering Split-Interest Trusts: trusts that have both charitable and non-charitable beneficiaries.  These types of trusts are valuable for those who have both philanthropic and family needs to attend to; they both want and need to care for their family, but also want to take advantage of […]

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In Trusts We Trust: Day 8

November 24, 2011 by admin

Charitable Trusts, Day Three Over the past two days, we’ve covered Charitable Trusts.  Again, a Charitable Trust is an irrevocable trust established for the benefit of a specific charity; it also can potentially give the trust grantor a tax deduction. If executed correctly with the help of a qualified attorney, a Charitable Trust entitles the […]

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In Trusts We Trust: Day 7

November 22, 2011 by admin

Charitable Trusts, Day Two Charitable Trusts are established to both benefit a particular charity and to benefit the trust grantor as well.  The benefit to a particular charity is obvious; they gain much-needed funds.  The benefit to the grantor creating the trust is that they can lower the amount of estate taxes that the grantor […]

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In Trusts We Trust: Day 5

November 19, 2011 by admin

Bypass Trusts A bypass trust is a long-term planning device; it is a tool for spouses who plan their estates together.  Bypass trusts are a legal method of circumventing gift tax that also allow for a married couple to minimize taxation of assets upon death.  How do bypass trusts work?  By leaving property to each […]

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In Trusts We Trust: Day 4

November 17, 2011 by admin

Asset Protection Trusts, Part Two Yesterday I began covering Asset Protection Trusts, which are very popular with wealthy people because they provide both personal privacy and asset protection.  If you’ve got a lot of money and you’d like to shield assets from creditors, from litigation, from bankruptcy and from divorce, you may feel that an […]

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In Trusts We Trust: Day 2

November 16, 2011 by admin

A/B Trusts An A/B Trust is a particular kind of trust for married couples; the contingency is that an A/B Trust only works if you are married at the time of your death.  The purpose of an A/B Trust is to save money that you’d pay in estate taxes—also known as death taxes—that the IRS […]

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In Trusts We Trust

November 14, 2011 by admin

There are literally hundreds of different techniques 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 setting up a Trust. In short, a Trust is essentially a contract between the person who wishes to protect his assets—also known as […]

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