Month: November 2016
An FLP or Family Limited Partnership, is an entity used in estate planning to organize, gift, and protect assets as well as reduce transfer taxes.
JTWROS is a form of joint ownership with a survivorship feature. Two or more people own an asset together and the survivor…
What is an FLP?
An FLP or Family Limited Partnership, is an entity used in estate planning to organize, gift, and protect assets as well as…
What is an SRT?
A standalone retirement trust, “SRT” for short, is a trust used to provide asset protection and maximized tax deferred growth for spouses,…
Why would my loved ones need asset protection?
Lawsuits are filed every few seconds all year long, every year, in the United States. We all have a bull’s eye on…
Year End Estate Planning Tip #1 – Check Your Estate Tax Planning
With the end of the year fast approaching, now is the time to fine tune your estate plan before you get caught…
What does a trust protector do? Do I need one?
A trust protector’s duty is to make sure the trust maker’s intent is carried out. And, yes, we use trust protectors in…
3 Tips for Overwhelmed Personal Representatives
While it is an honor to be named as a personal representative of a will or estate, it can also be a…
Pet Trust – Lessons to Learn
Not long ago, pet trusts were thought of as little more than eccentric things that famous people did for their pets when…
I’m the beneficiary of a trust set up by my spouse when she died. The tax laws have changed significantly since then. Do I have to go to court to change the terms of the trust?
Not necessarily. The simplest way to modify the trust would be if there are provisions within the trust that allow a private…
