Trust Management

Many of you have probably heard of trusts used as an estate planning tool to help people distribute their assets as they intended upon their death. While the decision around estate planning is deeply personal, using the...
Read more »

A common estate plan for married couples is to set up two different trusts: The first trust, commonly referred to as a credit shelter or bypass trust, holds assets to preserve the estate tax exclusion amount. That amount...
Read more »

In our last article, we set the stage by discussing how philanthropy can be used to build a family's wealth. Unless you read it, you might be asking yourself: How can I build wealth by giving it away? We started the...
Read more »

If I could show some of you a way to save significantly on taxes and build tremendous wealth in your family, would that be of interest to you? If I could also show some of you how to maximize your retirement savings, would...
Read more »

You will recall that an estate owner's family will be the recipient of capital from four sources in addition to his government programs: his personal assets, real estate, business assets, and life insurance. We have found...
Read more »

Protect your assets from taxes with this powerful estate planning tool. One of the ways the federal government generates money is by collecting estate tax, which is a tax on the property you transfer upon your death. In...
Read more »

Land "rich" and cash "poor". That describes Jim and Angela in a nutshell. While they actually live quite comfortably on their professional incomes, they are getting closer to retirement age and are looking for ways to...
Read more »

He sits in his study, surrounded by the trappings of wealth acquired by a lifetime of hard work, musing about his successes; successes that have allowed him to build a very lucrative business, raise and educate his children,...
Read more »

Like many people, you probably like to support one or more charitable organizations, such as a church, college, hospital or civic group. You may make regular donations of whatever you can afford. Still, you wish that you...
Read more »

Living trusts are powerful estate planning tools that can help many people. Living trusts provide certain advantages that are not available with other estate planning devices. Living trusts are a way to manage and control...
Read more »

There are many reasons besides unfavorable tax consequences why it is not a good idea to transfer Roth IRA, IRA and other non-retirement invested assets directly to heirs without restrictions. We are all adults here, so...
Read more »

It's long been a given that growing up amid enormous wealth can have a corrosive effect on children, and many parents want to do all they can to avoid those pitfalls. ?The parents I talk to are very concerned about not...
Read more »

There seem to be two primary reasons that middle class Americans neglect considering generation-skipping planning. One is the sense that the concept applies not to them, but only to very wealthy families like the...
Read more »

By William Kaufman Could it be that some of the traits that help people become wildly successful are the same ones that cause difficulty later on?. I have observed successful business people focus their ...
Read more »

Remember the TV police show where, at the end of each day's daily briefing, the sergeant told the officers to BE CAREFUL OUT THERE! Panic and panacea Being careful out there is good advice. The odds are good that...
Read more »

A charitable remainder trust (CRT) may be an estate planning tool that fits well into your financial picture. A CRT is a type of trust generally used to donate appreciated assets to charity and avoid immediate capital gains...
Read more »

The term ?dynasty? is typically associated with ultra-wealthy families, like the Rockefellers or the Kennedys. But you don't have to be in the same league as a Rockefeller or a Kennedy to benefit from a dynasty trust...
Read more »