In Trusts We Trust February 27, 2023 Financial Planning Andrew Busa, trusts An estate plan based on trusts is often more effective than a will-based estate plan, especially for high-net-worth individuals and families.Read Morekeyboard_arrow_right
Keeping Real Estate in the Family With Qualified Personal Residence Trusts December 27, 2022 Estate Planning Andrew Busa, estate planning, real estate, trusts A qualified personal residence trust (QPRT) is an irrevocable trust that allows you to pass a home to the next generation in a tax-friendly manner during your lifetime.Read Morekeyboard_arrow_right
Spousal Lifetime Access Trusts—The ‘SLAT’ Advantage December 19, 2022 Estate Planning Andrew Busa, estate planning, trusts 2022 is winding down. It’s time to cross these financial planning and tax items off your list before the calendar flips.Read Morekeyboard_arrow_right
What’s the State of Your Estate Plan? October 24, 2022 Estate Planning estate planning, trusts Even if you are young and single, putting an estate plan in place is a smart move now.Read Morekeyboard_arrow_right
Choosing the Right Trustee June 6, 2022 Estate Planning estate planning, financial planning, trustees, trusts Trusts can protect your assets and transfer wealth to family members and charitable causes. But the efficacy of a trust depends largely on how well it’s managed. For a revocable or living trust (where assets remain in your control and terms can be altered), ensuring the funds remain in the right hands … Read Morekeyboard_arrow_right
Estate Planning Resources in ONE Location May 3, 2022 Estate Planning estate planning, taxes, trusts Put your personal affairs in order using our comprehensive estate planning resources, including detailed checklists—organized in one location.Read Morekeyboard_arrow_right
Advanced Trusts: 4 Ways to Protect Your Estate March 21, 2022 Financial Planning revocable trusts, trusts Traditionally, when we talk about estate planning tools, we focus on revocable trusts—an incredibly important and versatile wealth management tool. But that’s not the end of the story. In some cases, an irrevocable trust may be more appropriate for your needs. Today, we look at four types that … Read Morekeyboard_arrow_right
What Is a Living Trust and When Should You Consider One? March 15, 2022 Estate Planning estate planning, living trust, trusts Establishing a living trust helps increase financial security for times when you and your family are most vulnerable.Read Morekeyboard_arrow_right
Choosing the Executor of Your Estate: Roles and Responsibilities February 22, 2022 Estate Planning estate planning, trusts Selecting the executor of your estate is a key step to ensure your estate planning wishes are fulfilled. To help you make an informed selection, here are factors to consider, including the individual’s character and their ability to fulfill the required roles and responsibilities.Read Morekeyboard_arrow_right
Defining an Irrevocable Trust and When to Consider One February 15, 2022 Estate Planning estate planning, trusts An irrevocable trust is an advanced estate planning tool that helps protect your assets and minimize tax obligations. Specifically, assets are removed from your estate and placed into a trust, whereby you transfer control and ownership of the assets. Key advantages of using this legal instrument include lowering estate taxes as well … Read Morekeyboard_arrow_right
Four Advantages of Trusts February 3, 2022 Estate Planning estate planning, Probate, trusts Wills and trusts both have advantages, but trusts often have the edge with estate planners—in large part because they avoid the probate process, which can be long, drawn out and public. These are a few reasons why trusts are a popular financial planning tool: Faster resolution. Assets placed in a trust are generally … Read Morekeyboard_arrow_right