You likely have created revocable or irrevocable trusts, or a few of both, in your estate plan. Ideally, these have been properly drafted with plenty of flexibility so that they can continue to meet your wealth planning goals...more
1/23/2025
/ Beneficiaries ,
Decanting ,
Estate Planning ,
Estate Tax ,
Generation-Skipping Transfer ,
Irrevocable Trusts ,
Revocable Trusts ,
Tax Liability ,
Tax Planning ,
Trust Administration ,
Trustees ,
Trusts
The best way to be sure that your thoughtful estate planning will work as anticipated when the time comes is to walk through it with your planning attorney, from the viewpoint of a person beginning the task of administrating...more
12/5/2024
/ Buy-Sell Agreements ,
Distribution Rules ,
DSUEA ,
Estate Planning ,
Estate Tax ,
Individual Retirement Account (IRA) ,
Lifetime Benefits ,
Limited Liability Company (LLC) ,
Liquidity ,
Transfer on Death Deed (TOD) ,
Trusts
As the family gathers at the summer cottage or vacation property each season, the senior generation might think how nice it would be for these multi-generational gatherings to continue after they pass from the scene. And to...more