Category: Estate Planning

Qualified Personal Residence Trust (QPRT): Pros and Cons

A Qualified Personal Residence Trusts (QPRT) is an estate planning tool that can provide property owners with substantial estate and gift tax savings. However, they can be complicated to set up, and have numerous rules that must be followed. In this article, you’ll be exposed to what QPRTs are, how they work, and whether or […]

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Estate Planning for Blended Families: What is a QTIP Trust?

A Qualified Terminable Interest Property (QTIP) trust is an estate planning tool that enables a grantor (i.e. the trust’s creator) of a blended family to take care of their surviving spouse while retaining full control over the distribution of their assets, even after their surviving spouse passes away. In this article, you’ll be given a […]

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Picture of senior couple and child representing Grandparents creating a trust for their grandchildren

Trusts for Grandchildren: Generation-Skipping Trusts Pros and Cons

The generation skipping-trust (GST) is a powerful estate planning tool that can help protect your wealth for generations to come. That’s because this type of irrevocable trust allows you to pass on assets to your grandchildren and other members of future generations without incurring gift or estate taxes. In this article, you’ll be exposed to […]

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Charitable Remainder Trust (CRT) Pros and Cons

When it comes to charitable giving, you’ll want to make the biggest impact possible. But figuring out the best way to do so isn’t always easy. That’s because there’s a variety of charitable giving vehicles that are tailored to different individual needs and goals.  One of those vehicles is a charitable remainder trust (CRT). They […]

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Financial Estate Planning: Your Guide to Trusts, Gifting Strategies, Charitable Donations, and Taxes

Through the process of estate planning, you’re able to establish, shape, and protect your legacy.  But the strategies that will be most helpful to you will depend on your individual circumstances.  In this article, you’ll be exposed to a variety of estate planning tools that can help maximize the wealth you’re transferring to those next-in-line. […]

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Law theme, fountain pen, paper, and stamp on a desk, representing a Grantor Retained Annuity Trust for Estate Planning

Is a Grantor Retained Annuity Trust (GRAT) Right for You?

Estate planning is critical to protecting your life’s legacy. Without it, those next in line face unnecessary challenges in receiving what’s rightfully theirs. But the type of planning you, and your beneficiaries need will depend on the complexities of your estate. For those looking to leave larger amounts behind, or who have assets that could […]

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The ‘For the 99.5 Percent Act’ Could End These Favorable Estate Planning Provisions

The proposed “For the 99.5 Percent Act” aims to make significant changes to the estate and gift tax and would impact several estate planning techniques.

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Alarm clock on row of paper money representing time running out on Estate Planning opportunity

Favorable Estate and Gifting Opportunities? Is Time Running Out?

Estate and gifting limits are at favorable levels right now, giving high net worth individuals ample estate planning opportunities. However, because of the uncertainty around potential tax reform that could be enacted as early as 2021, we encourage individuals to investigate acting on these current opportunities before the end of 2020. What is the current […]

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Tell Your Loved Ones the ‘Why’ Behind Your Estate Plan

The “why” of an estate plan is a critical component and might just be where true legacy lies.

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2 young girls sitting on the pool deck splashing, representing a family vacation home

Family Vacation Homes: How to Preserve Harmony and the Home

Transferring a family vacation home to the next generation presents unique challenges for families. Open communication and proper planning can ensure your legacy remains intact.

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