Who Should I Name as Trustee of My Trust?
Having a trust is just one important piece of the puzzle, when planning for your financial legacy. Another piece: your trustee.
Will We Have to Pay Gift Taxes if We Give Property to a Child?
How should we best do this, so that we avoid future gift taxes?
Strategies for the “Sandwich” Generation
You do not have to be raising young children to be in the sandwich generation. Your children might be adults but need financial help, because of student loans or other financial pressures.
What Does an Executor Actually Do?
One common trouble that many executors overlook: dispersing personal possessions that have little financial value but great sentimental value.
Not Having a Will Should Scare You
Your will is one of the most important documents you will ever sign. However, to think that over 70% of people don’t even have a will is, indeed, quite frightening.
Blended Families Need More Thoughtful Estate Plans
When the first spouse dies, the surviving spouse may not remain as close with his or her stepchildren. Small irritations which were overlooked during the lifetime of the spouse who died, may become outright disputes.
A Good Estate Plan Equals Peace of Mind
More than likely, most people may not want to envision a time spent in court, arguing with siblings and other family members, or fighting with financial institutions and health providers to uphold end-of-life wishes and the management of personal assets.
As a Trust Beneficiary, Am I Required to Pay Taxes?
Beneficiaries of a trust typically pay taxes on the distributions they receive from the trust's income, rather than the trust itself paying the tax. However, such beneficiaries are not subject to taxes on distributions from the trust's principal.
Can I Protect an Inheritance During Marriage?
An issue that frequently arises is the treatment of an inheritance received by a spouse during the marriage. The basic rule is that any property received via gift or inheritance during the marriage is exempt from equitable distribution.