As a firm dedicated to providing an integrated wealth management experience, we help our clients effectively maximize their assets and unlock opportunities to realize their personal and financial goals. An important aspect of this comprehensive approach is advising clients on the intricacies of their estate plan. One of the most consequential decisions in estate planning is who to name as trustee. The trustee’s knowledge, commitment, ability, and skill will have an enormous impact on ... [Continue Reading]
Articles and resources related to Trusts.
Do you need a trust? We recommend taking some time to learn more about some of the things a trust can do for you and your family. A trust is simply a legal arrangement under which you transfer assets to a trustee’s care. The trustee then holds and manages those assets for the benefit of one or more beneficiaries. Essentially, a trust is a multi-purpose planning instrument that delivers a surprisingly wide range of benefits. Manage Assets Managing assets requires time and patience. You may ... [Continue Reading]
As you plan for your own and your family's financial future, you may be considering the creation of a trust. If you decide a trust is needed, either during your lifetime or in your will, you will have to choose a trustee to administer it. A trust is a legal arrangement that transfers property to a trustee, who manages it for the benefit of the individuals you name. The law sets high standards that every trustee must meet. You can choose almost anyone to serve as your trustee-- a family member, a ... [Continue Reading]
A credit shelter trust is an irrevocable trust established after the death of a married spouse for benefit of the surviving spouse. The primary purpose is to shelter the deceased spouse’s available credit against the estate tax. Do We Need A Credit Shelter Trust? There is an unlimited estate tax deduction for property left to a surviving spouse. This eliminates any estate tax when the first spouse dies, but may not protect the property from estate tax when the surviving spouse dies. How ... [Continue Reading]