An estate plan ensures your values, wishes and legacy are preserved and passed on. It also limits litigation, taxes and expenses for your family and heirs. Make time for estate planning today. Learn more about what’s important and how to start.
Is a Delaware Trust Right for You?
Delaware law allows you to divide fiduciary and nonfiduciary responsibilities among various officeholders with names other than “trustee.” Suppose a trust is going to hold an interest in a family company, real estate, or an unusual asset. In that case, it may be better for someone other than a corporate trustee to have fiduciary responsibility. A trust protector or other trust advisor with the power to direct the trustee on investments and/or distributions and modify an irrevocable trust can help adapt to changed circumstances.
Know Your Estate-Planning Fundamentals – How Assets Can Pass to Beneficiaries
With so much focus on potential changes in estate and income taxation lately, it’s not surprising that basic estate planning has taken a back seat to tax planning. But without a solid foundation in estate planning, you can’t take advantage of more advanced tax-planning techniques.
Trusts 101: An Estate-Planning Primer
Trusts provide a versatile tool to achieve various estate-planning goals. They can help you reduce estate taxes, shield assets from creditors and distribute assets to your beneficiaries according to your wishes. But while trusts offer many benefits, they are also complex legal instruments with several potential negatives. It is important to consider your needs and goals carefully before creating a trust.
A Checklist of Legacy and Estate Planning Topics for Your Family
Did you know that 70% of high-net-worth families lose much of their wealth by the second generation? That number grows to 90% by the end of the third generation, as noted in an article by Money.
Estate Planning: An Introduction
Estate planning is a process designed to help you manage and preserve your assets while you are alive and to conserve and control their distribution according to your goals and objectives after your death.
Estate Planning in the Modern Age: Documents, Execution Poised to Go Electronic
Since the late 1990s, the use of electronic documents has expanded to include almost every type of business and personal transaction. Financial statements, tax returns, real estate agreements, and business contracts can now be created, executed, and stored digitally.
Navigating the Choppy Waters of a Sale to a Third Party
So what if you’ve never sold a business before? Who better to lead the sale process than the guy who knows far more about the business than anyone else? Who better to steer the ship than the woman who knows exactly what she wants from the sale of a business?
Getting Your Financial House In Order
Following are some of the major categories and tasks our advisors and I are recommending for clients to get their financial houses in order.