Spousal Lifetime Access Trust Can Provide Financial Backup Plan

Some of the most effective estate planning strategies involve setting up irrevocable trusts. For a trust to be deemed irrevocable, you, the grantor, lose all incidents of ownership of the trust’s assets. In other words, you’re effectively removing those assets from your taxable estate. But what if you’re uncomfortable placing

2021-04-12T14:54:12-06:00June 2nd, 2020|

Add Spendthrift Language to Your Trust

Protecting assets from creditors is a critical aspect of estate planning, but you need to think about more than just your own creditors. You also need to consider your heirs’ creditors. Adding spendthrift language to a trust benefiting your heirs can help safeguard assets. Spendthrift language explained Despite its name,

2021-04-12T14:55:28-06:00May 1st, 2019|

Properly Fund Your Revocable Trust

If your estate plan includes a revocable trust — also known as a “living” trust — it’s critical to ensure that the trust is properly funded. Revocable trusts offer significant benefits, including asset management (in the event you become incapacitated) and probate avoidance. But these benefits aren’t available if you

2021-04-12T14:55:28-06:00May 1st, 2019|

Total Return Unitrust Can Help Maintain Family Harmony

A traditional trust can sometimes create a conflict between the lifetime and remainder beneficiaries. For example, investment strategies that provide growth that benefits remainder beneficiaries can leave lifetime beneficiaries with little or no annual payouts. This makes it more difficult for your estate plan to achieve your objectives and places

2021-04-12T14:56:46-06:00April 24th, 2018|
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