Legal July 16, 2012

Learn About Estate Planning

Estate Planning Estate Planning, put simply, is the process of arranging one’s affairs for when they pass away. This can usually be accomplished through the use of living trusts and wills. To most, the concept of estate planning sounds relatively straightforward. You probably feel that you should dictate how and to whom your assets are […]


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Legal July 9, 2012

Revocable vs. Irrevocable Trusts

Revocable vs. Irrevocable Living Trusts – Which Trust Is Right for You? When it comes to understanding trusts, knowing the difference between revocable and irrevocable trusts is crucial. If you ask for a revocable trust and get an irrevocable one, or vice versa, the legal and tax consequences will be significant. The typical living trust […]


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Legal July 5, 2012

Benefits of a Living Trust

Benefits of a Living Trust A living trust is a written legal document through which your assets are placed into a trust for your benefit during your lifetime and then transferred to your designated beneficiaries upon your death. Your living trust needs to include a pour-over will, durable power of attorney for financial matters and […]


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Retirement & Estate Planning January 20, 2007

Charitable Remainder Trust

What can you do when you own highly appreciated assets and your estate value exceeds the Federal Estate tax equivalent exemption? A Unitrust, also called a Charitable Remainder Trust or CRT, allows taxpayers to reduce estate taxes, eliminate capital gains, claim an income tax deduction, and benefit charities.  It also requires that a fixed percentage […]


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Legal October 31, 2006

Family LLC vs Family Limited Partnership: Which Is Right for You?

For years promoters have touted the use of Family Limited Partnerships (FLP) as a tool for owning and protecting assets and providing a mechanism for passing them on to the next generation.  The FLP has been used so frequently that it could lead one to the impression that the FLP is a separate kind of […]


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