Irrevocable Trusts are often included as part of a comprehensive estate plan and are usually established many years before they pay out or terminate. These trusts didn’t change with changes in beneficiary circumstances … [Read more...] about Changing “Irrevocable” Trusts Through Decanting
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Conservation Easements Can Be a Good Solution
Often, a client wants to keep land in the family. Sometimes they want to discourage further development and get tax benefits for doing so. A conservation easement can help achieve both objectives. Read on to learn more. … [Read more...] about Conservation Easements Can Be a Good Solution
Why Should a Solvent Senior Care About Medicaid?
When you hear the term “Medicaid planning” without looking into it at all, it can seem like a rather inane idea. In a perfect world, no one wants to qualify for Medicaid, because you have to be in a bad financial … [Read more...] about Why Should a Solvent Senior Care About Medicaid?
Estate Planning Is a Dynamic Process
You should recognize the fact that estate planning is not a static, one-time event. After your initial estate plan has been put in place, the world will keep spinning, and there will be twists and turns in your … [Read more...] about Estate Planning Is a Dynamic Process
Advantages of Using a “Grantor Trust” in Planning
Grantor trusts are trusts which are income taxed to the “substantial owner” of the trust. Usually, the substantial owner is otherwise known as the “grantor” or “trustor.” Grantor trusts can be quite useful in tax … [Read more...] about Advantages of Using a “Grantor Trust” in Planning
