Three Reasons To Use A Professional For Estate Administration
Being named Trustee of an estate places many legal and fiduciary responsibilities on that person. A Trustee must wrap up the decedent’s affairs, arrange...
How to best protect your IRA and 401ks from creditors and maximize the income...
For many, a not so small part of their wealth is held in retirement accounts. When it comes to inheritance and estate planning, special...
Dynasty Trusts – The Ultimate Estate and Wealth Planning Vehicle
As the name suggests, a dynasty trust allows individuals with significant wealth to provide for multiple generations of descendants. Typically, a dynasty trust is...
Why is Nevada the Preferred Jurisdiction for Domestic Asset Protection Trusts?
A Domestic Asset Protection Trust “DAPT” is an irrevocable trust in which the creator of the trust is a discretionary beneficiary. The trust may...
Qualified Personal Residence Trusts: The Best Vehicle to Protect the Family Residence from Taxes...
Many taxpayers assume their estates will escape federal and state estate taxes because they underestimate the worth of their most valuable asset—their principal residence...
Sudden Wealth Syndrome
"Approximately 70 percent of wealth is lost within one generation of its inheritance, while 90 percent is lost by the end of the third...
Charitable Income Tax Deductions: The Rockefeller Edition
Billionaire David Rockefeller passed away this week at the age of 101. According to Reuters, during his lifetime, the well-known philanthropist gave away nearly...
California Revocable Trusts and Medi-Cal Recovery
On January 1, 2017, the new provisions affecting the right of recovery of State of California for Medi-Cal benefits provided to a resident, changed, and...
Real Estate Succession and Wealth Transfer Strategy
Using an Intentionally Defective Grantor Trust (IDGT)
Introduction
Several wealth transfer strategies are available to provide high net worth individuals with the ability to shift their...
Family Foundations
The "family foundation" has become the latest accessory for the philanthropic wealthy family. Interest in this charitable giving vehicle has become widespread, to include...
