Grantor trusts are trusts which are income taxed to the “substantial owner” of the trust. Usually, the substantial owner is otherwise known as the “grantor” or “trustor.” Grantor trusts can be quite useful in tax planning. Read on to learn more. … [Read more...] about Advantages of Using a “Grantor Trust” in Planning
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Revocable Trusts Are Not Always Treated the Same as an Individual
A revocable trust is treated the same as the individual for most purposes. But for some narrow purposes it can be treated differently. Read on to learn more. … [Read more...] about Revocable Trusts Are Not Always Treated the Same as an Individual
Real Estate Boom Could Create Estate Tax Headaches
There has been a huge real estate boom in this country for a number of years at this point. In some areas, housing prices have soared at accelerated rates, and this is exciting for homeowners and investors. However, from an estate planning perspective, a significant increase in real estate values can create estate tax exposure. Federal Estate and Gift Tax The federal estate tax is poised to extract a sizable portion of your legacy if you have been very successful from a financial … [Read more...] about Real Estate Boom Could Create Estate Tax Headaches
It’s Important to Have a Coordinated Estate Plan
There are many parts to an Estate Plan. The Revocable Trust is just one part. It’s important to coordinate the various parts of the Estate Plan. Read on to learn more. … [Read more...] about It’s Important to Have a Coordinated Estate Plan
Your Estate Plan May Have Missing Parts
Estate planning is sometimes reduced to the execution of a simple will, but there are some other details to take into consideration. If you want to make sure that all your bases are covered, you should take a more comprehensive approach. With this in mind, we will look at some frequently overlooked components in this post. Letter of Last Instructions The executor is the administrator when a will is used, and a trust is administered by a trustee. Leaving instructions with regard to the way … [Read more...] about Your Estate Plan May Have Missing Parts
