Trusts

If you would like to have more control over your estate, even after you pass away, one potential asset transfer strategy is to use a trust. You can name a beneficiary, who is the intended recipient of those funds. But you also put a trustee in charge, and they are the...

A trust is a legal arrangement that allows you to distribute trust funds and assets to beneficiaries. Additionally, you can use a trust to protect assets from disputes between family members, probate delays and debt collection. When drafting a trust, one of the most...

Building wealth can take a lifetime. Preserving it for future generations requires careful planning. Many families want to pass assets to children and grandchildren while helping protect them from unnecessary taxes, financial mismanagement or other long-term risks. A...

You spent decades building wealth. A charitable remainder trust (CRT) puts that wealth to work for a cause you care about while still paying you income. But one decision shapes everything: which charity you name as the final beneficiary. Get it right and your legacy...

Setting up a special needs trust (SNT) can be a great way to plan for your loved one with disabilities. Understanding the distinction between first-party and third-party SNTs is essential for maintaining eligibility for benefits under state law. Defining a first-party...

Charitable giving is often an important component of a well-rounded legacy. Individuals with resources want to support their loved ones, but they may also want to provide assistance for nonprofit organizations or scholarship funds.  Charitable giving requires careful...

Parents and successful professionals with dependent spouses often invest in life insurance coverage. They want to ensure that their loved ones can fulfill their financial obligations and maintain a baseline standard of living after their passing. Unfortunately, some...

Most adults know that they should have an estate plan in place so that their loved ones have a road map to follow when they pass away. One of the primary purposes of an estate plan is to outline where assets will go when the creator dies. There are different ways to...

There are many potential ways to use a trust, incorporating it into your estate plan. One of the benefits of a trust is that it helps to retain control over your assets, even after you pass away. You can give the trustee explicit instructions for how you want the...

It can be difficult for people with certain medical conditions to care for themselves. In some cases, they may need services that require them to prove they don’t have the means to pay for care themselves. These include programs like Supplemental Security Income or...