Irrevocable Trusts are often included as part of a comprehensive estate plan and are usually established many years before they pay out or terminate. These trusts didn’t change with changes in beneficiary circumstances or with evolving legislation, but now they can. This article explores how. … [Read more...] about Changing “Irrevocable” Trusts Through Decanting
Blog
Donor Advised Funds: Too Good to Be True?
There’s a way to make a charitable gift and yet be able to influence where it goes and how it’s invested. This can be very handy if you want to time your charitable giving for income tax reasons. Read on to learn more. … [Read more...] about Donor Advised Funds: Too Good to Be True?
Changing “Irrevocable” Trusts Through Judicial and Nonjudicial Modification
Irrevocable Trusts have long been an effective, albeit static, estate planning tool. These trusts didn’t always change with circumstance, but now they can. This article explores how. … [Read more...] about Changing “Irrevocable” Trusts Through Judicial and Nonjudicial Modification
Reasons to Supplement Your Estate Plan With Life Insurance
Some people strongly believe in the power of a life insurance policy. Others assume that this isn’t something they need. And of course, there are those who have no opinion either way. There are a variety of reasons to purchase life insurance, all of which you should carefully consider on your way to making a final decision. Here are three of the top benefits: Financial security for your family: Once you’ve passed, you’re no longer able to provide for your family. However, with a life … [Read more...] about Reasons to Supplement Your Estate Plan With Life Insurance
Should You Buy Long-Term Care Insurance?
The question of whether you should buy long-term care insurance is a difficult one to answer. There are pros and cons, as well as financial implications to take into consideration. It’s important that you address this question sooner rather than later, as you may come to find that it’s a good addition to your long-term care plan and financial plan as a whole. Here are some of the many benefits associated with a long-term care insurance policy: Financial peace of mind: Without … [Read more...] about Should You Buy Long-Term Care Insurance?
