Brenda Louise Godfrey Geiger's Guides

Protecting Your Children with Asset Protection Trusts in Your Revocable Trust

When leaving property to your children, you can choose exactly how you want to leave it to them. You can leave property outright, in trust until the beneficiary reaches a certain age or until they achieved a certain goal. Or the property can be held in trust for life. These trust...

If I don't create a revocable trust, what could happen?:

(1) Your estate is probably guaranteed to go through the Probate Court (even if you have a will--wills go through the probate process). (2) With a Probate, your cost will be 5X as much as trust administration on average. (3) Your Probate case will take about 12-18 months in Ca...

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What is an Irrevocable Life Insurance Trust?

Life insurance is a unique asset in that it serves numerous diverse functions in a tax-favored environment. Life insurance proceeds are received income tax free and, if properly owned by an Irrevocable Life Insurance Trust, life insurance proceeds can also be received free of est...

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Federal Estate Tax Repealed in 2010

As you may already know, there is no Federal Estate Tax for decedents dying in the year 2010. What most people dont know, however, is that for the year 2010, the Estate Tax is being replaced with a capital gains system (no step-up in basis to fair market value on the decedents as...

5 Things Every Busy Parent Must Know to Protect Their Children

13 Tips for Choosing a Guardian for Your Children

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How to Choose an Estate Planning Attorney

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