Estate Planning Checklist There are various legal documents that you should consider including in your estate plan. These include: Wills and Trusts Trusts are legal arrangements that provide for the administration and distribution of an individual's assets both before and after death. If managed well...
How Trusts Work-A Primer: A Useful Tool for Estate PlanningThis article discusses trusts, including their particular characteristics and components, such...Platt, Harvey J
2“Basic Estate Planning: Trusts,” Ohio State University Extension 3“Trusts,” New York Bar Association 4“What to Consider When Setting Up Trusts for Children,” The American College of Trusts and Estate Counsel, 2024 5“The Basics of Fiduciary Income Taxation” The American College of Trusts...
which is one of the premier estate planning and tax planning educational events held nationally each year. We have been utilizing this technique for years. For more information about how this works, please see my articleHow to Use Your Estate Plan to Save on Taxes While You’re ...
“Use your discretion to see if you click,” Levin says. “It’s important to establish good enough rapport with your attorney to discuss private family matters.” Look for specializations. Depending on your circumstances, you may benefit from an estate planning attorney with additional expertise....
investment trusts, are companies that own or finance income-producing real estate across a range of property sectors. These real estate companies have to meet a number of requirements to qualify as REITs. Most REITs trade on major stock exchanges, and they offer a number of benefits to ...
Because estate planning is very complex, and the regulations governing LLCs vary from state to state, individuals should check with a financial advisor before formalizing their LLC plan. Wills vs. Trusts Read more
insurance can be utilized in conjunction with other estate planning tools, such as trusts, to maximize the effectiveness of your overall strategy. Creating a survivorship life insurance trust can provide additional tax benefits and help facilitate the seamless transfer of assets to your chosen ...
Marital trusts are an estate planning tool that’s used to transfer assets to a surviving spouse while providing tax benefits and control over the eventual distribution of those assets. They give the surviving spouse financial security, while also providing for your other beneficiaries after that spo...
Testamentary trusts can be a helpful estate planning tool, but they may not be the right option for everyone. To help you decide, keep your financial situation and estate planning checklist in mind, and take a look at these advantages and disadvantages. Advantages of a testamentary trust: Par...