Trust Design

Archive | Trust Design

Family Emergency Planning

November 02, 2015  |   Posted by :   |   Asset Protection Planning, Trust Design   |   0 Comments

I’ve met a lot of people who avoid estate planning because they don’t want to think about death. To them, estate planning becomes an end-of-life “reckoning” where they feel the need to grapple with what they did and didn’t accomplish or accumulate during their life. Other people are pained even by the thought of preparing […]

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Do I need a Will or Trust?

August 15, 2015  |   Posted by :   |   Trust Design   |   0 Comments

Will VS Trust? I am often asked by people whether a will or a trust is right for them. As with many legal questions, my answer is usually “It depends.” When choosing between a will and a trust, there are a number of considerations you must think about before deciding which is right for you. […]

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Why Get a Prenuptial Agreement

July 17, 2015  |   Posted by :   |   Asset Protection Planning, Trust Design   |   0 Comments

There are many benefits to signing a prenuptial agreement with your significant other before marrying. In certain situations, getting a prenuptial agreement prior to marriage would be considered best practice. If you are entering your second marriage, for instance, it is highly recommended that you and your partner sign a prenuptial agreement. Additionally, if you and […]

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Prenuptial Agreements Basics

July 17, 2015  |   Posted by :   |   Asset Protection Planning, Trust Design   |   0 Comments

A prenuptial agreement, commonly referred to as a “prenup,” is an agreement made between prospective spouses before marriage. This agreement allows a couple to agree to a variety of terms that are intended to alleviate disputes that may arise in divorce or in other circumstances like death or separation. The agreement becomes effective upon marriage. […]

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Bank Accounts After Death

July 16, 2015  |   Posted by :   |   Trust and Estate Administration, Trust Design   |   0 Comments

There are many factors that determine what will happen to your bank account when you pass on. Some of these factors may include bank rules, state laws, whether the account is joint solo, whether you put your bank account in a trust, and so on. Following are some scenarios that may help you determine how […]

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Probate Attorney: Do you need one? Also, what Is probate?

April 17, 2013  |   Posted by :   |   Trust and Estate Administration, Trust Design   |   0 Comments

What Is Probate? Before knowing whether or not you need a probate attorney, you should probably know what probate is.  First a Probate Definition: Probate is a mandatory court process in which the state determines what you own when you die, who gets it, and who is in charge of distributing it. Every state in […]

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A Grantor Retained Annuity Trust (GRAT)

March 14, 2013  |   Posted by :   |   Asset Protection Planning, Trust Design   |   0 Comments

With the seemingly infinite amount of different types of irrevocable trusts, it can be quite confusing to wrap your mind around what they are and what they are used for. Irrevocable trusts are best understood and defined by what goals they can accomplish for your estate planning needs and what risks are involved in the […]

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A Grantor Retained Unitrust (GRUT)

March 02, 2013  |   Posted by :   |   Trust Design   |   0 Comments

A Grantor Retained Unitrust (a “GRUT”) is an effective tool for reducing the size of your taxable estate.  When implemented properly, lifetime gifts to a GRUT can help you to get high appreciating property out of your estate and avoid or significantly reduce gift and estate taxes.  GRUTs are similar to GRATs (Grantor Retained Annuity […]

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Fort Knox Security for Your Assets

February 23, 2013  |   Posted by :   |   Asset Protection Planning, Trust Design   |   0 Comments

One of the most secure facilities in the world is the United States Bullion Depository.  This facility is part of a larger Fort Knox, Kentucky military installation.  This gigantic fortified vault has become known simply as “Fort Knox.”  Because of its perceived impenetrability, it has become a pop culture icon.  People constantly compare something’s level […]

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A Supplemental Needs Trust For a Disabled Surviving Spouse

February 15, 2013  |   Posted by :   |   Trust Design   |   0 Comments

Foresight is the most important aspect of a good estate plan.  While no one can predict the future, we can plan and make provisions for a good number of unknown factors.  This is the beauty of a well-designed estate plan.  There are contingencies built in to prevent undesirable effects.  One example of such a contingency […]

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