Trusts can be drafted to be quite flexible. This article examines several ways you can add flexibility to your trust. This added flexibility will increase the usefulness of your trust. Making Trusts More Flexible … [Read more...] about Making Trusts More Flexible
Blog
Steps for a New Trustee to Take
One of the most common additions to a well thought out estate plan is a living trust. While a living trust can be used to further a seemingly infinite number and variety of estate planning goals, all living trusts have one thing in common, the need to appoint a Trustee to administer the trust. If you recently learned you were appointed to be the Trustee of a trust, and you have never before acted as a Trustee, you are probably unsure where or how to get started. With that in mind, the Rochester … [Read more...] about Steps for a New Trustee to Take
When and Where You Die Matters
Where you die matters. While you’ll pay the same federal estate tax no matter where you die, 1/3 of the states have a separate estate or inheritance tax. The most populous state, California, is the latest state to consider adding a state estate tax. Read on to learn more. When and Where You Die Matters … [Read more...] about When and Where You Die Matters
Planning is Critical
It’s important to have a plan. If you don’t have a plan, your state law dictates who gets your property and makes decisions for you. Read on to learn more about a heart-breaking story of someone who didn’t plan and the consequences. Planning is Critical … [Read more...] about Planning is Critical
ABLE Accounts
An ABLE account is a great strategy for someone who became disabled by age 26. An ABLE account may be income tax-free. It has other unique benefits for a disabled person. Read on to learn more about the ABLE account and how it can help. ABLE Accounts … [Read more...] about ABLE Accounts
