Category: Living Trust
It’s so easy to put off estate planning, when lives are busy and there are more inviting things to think about than death and taxes. Perhaps the most common mistake is thinking that estate planning is a do-it-yourself project. Only if you want your loved ones to inherit a mess! The biggest problem that results […]
“An irrevocable trust is a trust generally created during someone’s lifetime that is exactly what it says — it can’t be revoked.” Tom Benson and his grandchildren are in a fight over the ownership of the New Orleans Saints NFL football team and the New Orleans Pelicans NBA basketball team after his death. The family […]
One way to fulfill your philanthropic goals is to provide for a particular charitable cause or organization in your estate plan. Do you want to leave something to charity when you are no longer here? All it takes is some planning ahead of time. The Charlotte County Florida Weekly recently posted an article titled “GIVING: […]
Keep an eye on the Obama Administration budget proposals as there are several provisions which may affect estate planning. For example, there is a provision which would reduce the $5 Million federal estate tax exemption to $3.5 Million – the 2009 level. Stay tuned! http://www.treasury.gov/resource-center/tax-policy/Documents/General-Explanations-FY2015.pdf
The most common and basic estate planning vehicles are wills and living trusts. Everybody should have a will or a living trust, but which one? Should you have a living trust? To clarify what this type of trust is, a living trust is created by placing some or all of your estate into a trust […]
