Individuals include trusts in their estate plans to provide finances for loved ones, invest in well-loved communities or reduce taxes on high-value assets. At their core, trusts allow people to protect parts of their hard-earned estates from estate taxes. Of the...
Attorneys Who Know.
Attorneys Who Care.
Month: August 2020
3 reasons to establish a special needs trust for your loved one
When you have a loved one with special needs, you may have questions about how you can help them in life. Providing for them as a part of your estate plan may help you give them support, but it is important to choose your estate planning tools wisely to protect both...
Do bypass trusts still make sense?
For years, bypass trusts were a practical way for people to avoid an excessive estate tax burden. Yet, changes to the tax in recent years may make you reconsider whether this type of trust is still necessary to protect your wealth. Since the current exemptions are...
Are there less restrictive alternatives to guardianship?
A lot of people with intellectual disabilities, including autism, manage to function fairly independently -- even when they still need someone to protect their interests. If you're the parent of a special needs child who will soon become a legal adult, you face some...