Offering Benefits
May 23, 2019I have a small company. we want to start offering benefits. What are my options? Any benefit provided will enhance employee retention. There are companies across the United States that specialize in benefits planning for small businesses. In addition to the usual insurance plans for life, health, dental, vision, and disability, there are a wide… Read more »
Venture Capital Disputes: What to Expect in Your Case
May 10, 2019Venture Capital Disputes Cause Concern Were you recently involved in the launch of a product or business? Were you the one who supplied the majority of the funds? If you feel that you have not received your full share of the promised profits, you can take action. But what can you expect in your case?… Read more »
The Two Types of Charitable Remainder Trusts and How They Differ
March 29, 2019Charitable Remainder Trusts and How They Differ The two basic types of the charitable remainder trusts are the Charitable Remainder Annuity Trust (CRAT) and the Charitable Remainder UniTrust (CRUT). Both the CRAT and the CRUT are irrevocable trusts. Irrevocable trusts provide for an annual payment to a non-charitable beneficiary or beneficiaries (usually including the trust maker… Read more »
What is a Charitable Remainder Trust?
March 28, 2019Charitable Remainder Trust Is Good for Split Interests A charitable remainder trust (CRT) is an irrevocable trust that generates a potential income stream for you, as the donor to the CRT, or other beneficiaries, with the remainder of the donated assets going to your favorite charity or charities. This charitable giving strategy generates income and… Read more »
Gifting Your Property? What Taxes to Expect
August 17, 2018Gifting Property-What to Know Currently, lower estate prices make it a great time to gift a home to your children. This allows them to obtain the property now, which it’s still valued low, and benefit from its increased value, as the market improves. If this sounds like an attractive plan for you, visit our experienced… Read more »
Are There Non-Tax Reasons to Use a Dynasty Trust?
August 22, 2017There are many reasons to Use a Dynasty Trust, some are non-tax reasons The non-tax reasons for creating the dynasty trust vary depending upon the needs and desires of the trustmaker. Dynasty trusts can be created to provide creditor and “predator” protection for the beneficiaries of the trust, generation after generation. They can shield against… Read more »
What is a Grantor Deemed Owner Trust?
August 16, 2017Grantor Deemed Owner Trust or Beneficiary Deemed Owner Trust-Call it what you will A Grantor Deemed Owner Trust (GDOT) is an irrevocable trust that is treated differently for federal income tax purposes than for federal estate tax purposes. For estate tax purposes, any gifts you make to the GDOT will be treated as completed gifts,… Read more »
How does an irrevocable life insurance trust work?
July 27, 2017Learn the ways to make an irrevocable life insurance trust work The steps to successfully establishing an Irrevocable Life Insurance Trust or ILIT include the following: Your advisors, including your attorney, help to design and create the ILIT. The trustee of the ILIT applies for an insurance policy on your life, or the lives of… Read more »
What is an Irrevocable Life Insurance Trust?
July 21, 2017The Irrevocable Life Insurance Trust What You Need to Know An Irrevocable Life Insurance Trust (ILIT) is probably the most frequently used type of irrevocable trust. It’s an irrevocable trust that you can establish to own a life insurance policy on your life. If you personally own a life insurance policy, the policy proceeds will… Read more »
Are My Assets Are At Risk if My Beneficiaries Die?
June 12, 2017What Happens to My Assets if None of the Beneficiaries Named in My Living Trust Survive Me? Your living trust should include an “ultimate distribution” provision that addresses the unlikely scenario that all of your beneficiaries—typically your spouse, children or grandchildren—do not survive you. What is sometimes referred to as a the “family disaster” provision… Read more »
