What Goes in the Bucket? (i.e. What Can I Use to Fund My Trust?)
Oct 29, 2013
Aside from an individuals Last Will and Testament, a trust is probably the most popular estate planning tool. Trusts, which come in various forms, are often used as a vehicle for tax avoidance. Assets...
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Minding Mom & Pop’s Shop: Five Steps to the Succession of Your Family Business
Oct 29, 2013
Succession planning for a family business is often no easy task. Recently, an article in Forbes outlined the five necessary steps for a viable succession plan. The five steps include:
Planning for the...
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Income Tax Planning While Planning Your Estate
Oct 29, 2013
Now that the American Taxpayer Relief Act of 2012 has bumped the federal estate tax exemption up to $5.25 million, a recent article explains that many individuals are now turning their energy to estat...
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Spending Down’ for Medicaid Coverage: A Cautionary Tale
Oct 29, 2013
Medicaid is a need-based public benefit program that assists citizens in paying for medical care. Therefore, a person can only receive benefits if he or she meets certain income criteria. In order to m...
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Back to the Basics: Estate Planning for a “Typical” Family
Oct 29, 2013
Contrary to popular belief, estate planning is still important for the vast majority of Americans who are not wealthy. After all, after a person has worked his or her entire life to amass all of his or...
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Calling an Audible: Avoiding Taxes Caused by a Bypass Trust
Oct 29, 2013
Since estate-planning maneuvers can cause unintended consequences, its important to plan with flexibility. A recent article discusses how one man dealt with the unintended consequences of a bypass tru...
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Dealing with Early-Stage Alzheimer’s
Oct 29, 2013
Currently, the sixth leading cause of death in the United States is Alzheimers disease. Between 2000 and 2010, the number of deaths caused by Alzheimers disease increased by 68 percent. By 2050, the nu...
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What is an Irrevocable Funeral Trust?
Oct 29, 2013
One tool for those looking to spend down their assets in order to apply for Medicaid benefits is the Irrevocable Funeral Trust (IFT). Through an IFT, a person can set aside funds to pay for his or her...
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Thanks Gramps! Planning Gifts to Grandchildren
Oct 29, 2013
Often, grandparents who have extra money wish to assist their grandchildren financially. A recent article discusses three ways through which grandparents can give to their grandchildren.
Write a Check...
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How a beneficiary can enforce a trust
Aug 08, 2013
A brief explanation of how beneficiaries can deal with a trustee who isn't following the terms of the trust....
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