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...
How Family Foundations Work
Any Private Family Foundation must be created with a charitable "intent." The Foundation is managed by a trustee or executive director that oversees the...
Charitable Planning
We encourage and assist the tradition of giving to charitable causes. In addition to the many personal rewards inherent in making a charitable gift,...
