A Charitable Remainder Trust (CRT) is a type of irrevocable trust that generates a fixed income for you as the donor or designated beneficiaries, while donating the remainder of the assets to a charity. You can name yourself or someone else to receive a potential income...
Under the Federal Estate Tax Exemption, individuals may exclude a certain amount of money from estate taxes when a person passes away. In other words, when you pass away, you can pass a certain amount to your beneficiaries without paying...
The first step in Estate Planning is the creation of documents. A revocable living trust is a document that is created by you to manage your assets during your lifetime and distribute the remaining assets in accordance with your wishes after you pass. A trust has three...
A recent study by the Employee Benefit Research Institute found that many people are not prepared for retirement, with only 38% of respondents reporting a household income in excess of $50k. These findings may seem surprising given that Americans over 65 who live alone are...
What do you want to happen to your wealth when you pass away? If this question has crossed your mind, then it's time for a conversation with an estate planning attorney. Estate planning attorneys can help protect and manage the assets of wealthy families....
A will and a trust are two different legal instruments that accomplish the same function: protecting property, assets, and heirs. A will is a document that outlines who should get your property after you die, whereas a trust is an arrangement in which someone else...
