Hybrid Domestic Asset Protection Trusts (HDAPT), Asset Protection, Trusts,
By Jeffrey R. Matsen, Esq. & Jonathan A. Mintz, Esq.Asset protection planning has been practiced by attorneys, financial planners and accountants for several decades. Business persons have always had...
Estate Tax, Trusts, Marketing Planning, Success Strategies,
Gear up your practice to take advantage of what increasingly appears to be a $1 million federal estate tax exemption in 2011. And with these tax exemptions comes many opportunities to do...
Trusts,
By: Charlie Douglas, JD, CFP®, AEPWith such limited visibility and more planning vehicles under attack, like the President’s newly proposed plan to apply a transfer tax to Grantor Trusts,...
Estate Planning, Family, Trusts,
By: Brenda Geiger, J.D.When leaving property to a minor or adult child, clients can choose exactly how they want to leave it to them. The property can be...
Trusts, Estate Planning, Hybrid Domestic Asset Protection Trusts (HDAPT), Asset Protection, Marriage, LLCs,
By Jeremiah Barlow, JDExpanding theories of liability and rising threats of litigation make asset protection more valuable and more demanded than ever. Today’s victim-oriented climate fuels plaintiff attorneys' hunger...
Asset Protection, Domestic Asset Protection Trusts (DAPTs), Trusts,
The proliferation of plaintiff lawsuits and the expanding concept of liability that has become second nature in our court system have engendered much concern and anxiety about the preservation of...
Taxation, Tax Planning, Success Strategies, Trusts, Client Communication ,
By: Randy Gardner, J.D., LL.M., CPA, CFP®, Matthew T. McClintock, J.D., Leslie Daff, J.D., MBA®, Julie Welch, MSA, CPA, CFP®Selecting the right trustee is essential...
Trusts, Irrevocable Trust, Decanting Trusts,
By: Steven J. Oshins, Esq., AEP (Distinguished)While many estate planning practitioners have made use of these Dynasty Trust states, there are still many who have not yet expanded their...
Trusts, Trust Modification, Irrevocable Trust, Decanting Trusts,
by Matthew T. McClintock, JD | Vice President - Education, WealthCounselAs we continue to dig deeper into trust decanting, there are some tax considerations that every estate planner be aware of...
Grantor Trust, Trusts, Non-Grantor Trust, Beneficiaries and Heirs,
by Bernstein Wealth Management Research ReportsA significant new research project for international T&E practitioners, looking at US and Foreign trusts and their relative merits for global families with...
Client Communications, Trusts, Success Strategies,
By: Jeffrey Bedell, J.D.Initial interviews with prospective clients often consist of closed ended questions. “Do you own a home?” “Do you own a business?” “Are you married?” The...
Domestic Asset Protection Trusts (DAPTs), Domestic Asset Protection Trust, Estate Planning, Trusts,
By: AJ Fudge, Esq.If you have clients who are horse owners, you are well-advised to find out if they have a plan in place to protect their horse in...
Trusts, Estate Planning, Estate Tax, Charitable Remainder Trust, Beneficiaries and Heirs, Individual Retirement Account (IRA),
Although recent discussions have focused on the eligibility of taxpayers to convert to a Roth IRA and the fundamental question of whether a Roth IRA conversion would be beneficial, a...
Trusts, Wills, Asset Protection,
by Matthew T. McClintock, JD | VP of Legal Education, WealthCounsel A coherent strategy for the transfer of assets is, of course, crucial to the success of any estate plan. But...
This article is a continuation of a series of “how tos” for funding various types of assets. The scope of this article will review how to fund publicly traded stocks,...
Trusts, Business Management, Client Communications,
Good estate planners recognize the need for properly funded trusts. I often tell clients; a lot of estate planning is “title and beneficiary designations”. However, allowing clients to fund their...
Asset Protection, Limited Liability Companies , Trusts,
By: Jeramie J. Fortenberry, JD, LLM, WealthCounsel Executive EditorPart I of this series discussed two strategies to get real estate out of a C corporation: (1) distributions to shareholders and (2) sales...
Estate Tax, Trusts, Grantor Retained Annuity Trusts (GRATs), Limited Liability Companies , LLCs, Client Communications,
By: Philip J. Kavesh, J.D., LL.M. (Tax), CFP®, ChFC, California State Bar Certified Specialist in Estate Planning, Tax and Probate Law and Steven J. Oshins, Esq.You would...
Trusts, Estate Planning and Probate, CLE,
Trusts, Estate Planning, Taxation,
By: Teresa Nuccio, Esq. and Robert P. Wolfson, Esq., CPAThe use of joint revocable trusts in a separate property state has been a controversial subject for over two decades. What...
Grantor Trust, Individual Retirement Account (IRA), Trusts, Financial Planning, Asset Allocation,
by Bernstein Wealth Management Research Reports The market turbulence of recent years has been hard on investors emotionally as well as financially. Many are “shell-shocked” and scared to make any...
Charitable Planning, Trusts, Charitable Lead Annuity Trusts (CLATs), Estate Planning and Probate,
by Bernstein Wealth Management Research Reports A foundation represents a powerful commitment to do charitable good. Our research provides guidance -For potential donors on: Comparing the benefits of a foundation...
Taxation, Trusts, American Tax Payer Relief Act of 2012 (ATRA),
By: Joshua Caswell, Esq. In the not so distant past, when the estate tax exemption was significantly lower than it is today, one of the main focuses of the estate...
Ohio (OH), Asset Protection Trust, Trusts, Domestic Asset Protection Trusts (DAPTs),
By: Brian C. Layman, JD, CPA, M.Tax and Charles H. McClenaghan, Esq. In the last edition of the WealthCounsel Quarterly, Steve Oshins provided an overview of Domestic Asset Protection...
Trusts, Client Relationships, Client Development Tools,
A pet trust instrument may not be of common knowledge to the average pet owner. You may help educate your client about this available option now permitted in California. Your...
Domestic Asset Protection Trusts (DAPTs), Limited Liability Companies , LLCs, Trusts,
Our approach to asset protection planning is simple: we strive to position our clients so that they are unattractive targets for lawsuits and thereby force favorable settlements. It is just...
Trusts, Domestic Asset Protection Trusts (DAPTs), Family Trust (Revocable Living Trust), Family, Taxation,
By: Jeffrey R. Matsen, Esq. The question of whether or not a personal family residence should be placed into a Family Limited Partnership (“FLP”) or Family Limited Liability Company (“FLLC”)...
Asset Protection, Trusts, Client Maintenance, Success Strategies,
By: Craig Redler, Attorney at Law, Manager - Client Services, Southpac Trust This is just a small sample of the dozens of jurisdictions that have asset protection legislation. The lesson...
Trusts, Beneficiaries and Heirs, Bankruptcy Law, Creditor/Debtor Law, Estate Planning,
By: Steven J. Oshins, Esq., AEP (Distinguished)The Beneficiary Controlled Trust concept is fairly simple. It is a trust in which the primary beneficiary is either the sole trustee or...
Beneficiaries and Heirs, Trusts, Estate Planning,
Both estate planners and their clients benefit from estate planning family mediation. Prepared heirs are less likely to create or sustain conflict within a family or against the estate planning...
Trusts, Bypass Trusts, Asset Protection,
Estate planning attorneys can no longer afford to ignore the non-tax benefits of creating a bypass trust upon the death of the first spouse. Properly drafted, a bypass trust can...
Trusts, Family,
By: James Kalicki, J.D.I find that once clients see the big picture, they are relieved and even excited to nominate an independent trustee to serve after the second...
Client Relationships, Client Maintenance, Trusts,
By carefully drafting the trust, we can give our clients the results they actually expect. They want a tool that gives them control over future events. It is the client...
Domestic Asset Protection Trusts (DAPTs), Trusts,
Holmes explains that New Hampshire, with the adoption of the Qualified Disposition in Trust Act in 2008, has created an attractive alternative for the creation of Domestic Self Settled Asset Protection...
Irrevocable Trusts, Trusts, Grantor Trust,
In this article, Mahoney discusses the use of the Irrevocable Income Only Trust as a mechanism in Medicaid/nursing home planning. He probes issues such as whether the deeding of...
Beneficiaries and Heirs, Trusts,
If you are currently serving as a trustee, the settlor may have asked you to withhold certain trust information from the beneficiaries, especially if the beneficiaries are their children. Such...
Thought-Leader Series, Webinars, Family, Business Management, Business Succession Planning, Trusts, Buy-Sell Agreements,
ILIT, Trusts, Trust Protector, Trust Advisor, Irrevocable Life Insurance Trust,
Estate Planning and Probate, Trusts,
By: Steven J. Oshins, Esq., AEP (Distinguished)Estate planners are constantly looking for additional ways to save taxes for their clients. One often-overlooked concept is to use trusts to save...
The income tax planning strategies for, and consequences of establishing a non-grantor trust are many and varied. It should serve as sufficient warning that negative and unintended consequences have and...
Trusts, Taxation, Capital Gains Tax, Grantor Trust, Non-Grantor Trust, Wealth Docx,
by WealthCounsel StaffTrusts are common techniques used to protect assets and to transfer the contents of an estate to the next generation. Importantly, trusts are taxed differently than individuals, and...
Wealth Docx, Trusts, Educational, HEET,
Wealth Docx, Wills and Trusts, Wills, Trusts, RLT, Revocable Living Trust, Asset Protection, Asset Protection Trust, IRT, APT,
Asset Protection Trust, APT, Trusts, Asset Protection, Wealth Docx,
Wealth Docx, Trusts, IRT, Irrevocable Trust,
Wealth Docx, Trusts, RLT, Revocable Living Trust,
Estate Planning, Trusts, Wills and Trusts, Wills,
What does the average American really think about estate planning? Does the average American think about estate planning at all? New data shows significant knowledge gaps around practical applications of...
Asset Protection, Trusts, Wyoming (WY),
The current transfer tax structure, depressed values and low interest rates create tremendous opportunities for our estate planning clients. As estate planners, we constantly evaluate the best options for those...
Estate Planning, Revocable Living Trust, NFA Trusts, Irrevocable Trusts, Trusts,
By: Mary Merrell Bailey, JD, CPA, MBA, MSTaxation, MSAccountingEstate Planning is a specialized field with its own vocabulary. Often, the same idea is known by multiple names, which can be...