Trusts
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6 Estate Planning and Trust Strategies Most Affected by Interest Rates Changes
It still comes as a surprise to so many retirees… The outcome of key estate planning strategies often hinges on fluctuations in interest rates. So clearly, changes in rates should sway the choice, or timing, of these strategies. Some estate planning strategies generate more benefits when interest rates are low, while others provide more benefits […]
Why A Power Of Attorney And Living Trust Are Critical
When you aren’t able to manage your finances any longer, or appear that way to others, two things could happen. One is that a successor takes over management of your assets under either your Power of Attorney or Living Trust. The person taking over would be someone you appointed and usually is a family member, […]
The Revocable Living Trust “Transition Strategy”
Last week, we reviewed the pros and cons of the Power of Attorney and Revocable Living Trust (click here for Part 1). For retirees who choose the revocable living trust, it’s important to understand all the options available. For starters, after identifying your trusted person, establish a revocable living trust naming the person as current […]
Estate Planning Strategies: Pros & Cons of Power of Attorney vs. Living Trust
Which is the best way to protect your assets, smooth the transition of your estate, and make life easier for you and your heirs… Power of Attorney or revocable Living Trust? Truth is, most estate plans need both a power of attorney and a revocable living trust. So the better question is: Which one should cover the bulk of your assets? Over the […]
Everything You Need to Know About Estate Planning Bypass Trusts & Irrevocable Trusts
Many observers think two popular kinds of trusts will no longer be needed. They’re wrong… in fact, these two trusts are as valuable as ever! Benefits that once were considered ancillary now are important to many estates. Though no longer created primarily for estate tax reduction, these two trusts can be essential to reaching other Estate Planning […]
How to Use a Trust to Save Your Inheritance from Your Heirs, Beneficiaries and Kids’ Mistakes
Too often inheritances aren’t handled well. The kids, no matter their ages, often aren’t prepared to handle the money. It might be dissipated by expenses, taxes, creditors, bad decisions, and more. This article recommends preserving your estate by giving it to a trust instead of outright to your children. It lists the advantages of trusts […]
5 Ways to Enhance Your Legacy with Beneficiary Bequests and Charitable Gifts and Trusts
Legacy planning can be a powerful part of your estate plan. Not all gifts are created equal, especially charitable gifts. You can leverage the benefits of your gifts, enhancing the financial security of yourself and your heirs while being philanthropic. Estate planners often refer to these strategies as planned gifts or planned giving. Often, gifts […]
Two Types of Trusts That Won’t Die
After the federal estate tax was repealed for most estates, many observers said two popular trusts no longer would be needed. They were wrong. These trusts are as valuable as ever. Benefits that once were considered ancillary now are important to many estates. Though no longer created primarily for estate tax reduction, these trusts can be essential […]
