Grantor-Retained Annuity Trust Works Well With Stocks

This article is Part of a series exploring the various types of trusts that may benefit you. Today’s topic is Grantor-Retained Annuity Trusts (GRAT). Do you own stock, especially stock in a start-up company? If so, a Grantor-Retained Annuity Trust might be right for you. The GRAT is an irrevocable trust that transfers wealth without… Read More »

Irrevocable Trusts Protect Loved Ones Assets

This article is part of a series exploring the various types of trusts that may benefit you. Today’s topic is irrevocable trusts. Signing away ownership of assets can feel antithetical to you when you start to think about creating an estate plan that gives you control of what happens to your accumulated assets and meets… Read More »

Holiday Gatherings Are a Great Time to Discuss Estate Plans

The Winter Holidays offer great opportunities to get loved ones together for laughter, fellowship and conversation. These family gatherings might give you the best opportunity to have a conversation with everyone in one spot, about your estate plan. With relatives often living in different cities or states, it can be difficult to get everyone under… Read More »

If You Own a Family Business, You Need to Understand and Implement Succession Planning

Family businesses – from mom-and-pop stores to home-based businesses – power our nation’s economy, from job creation to gross domestic product. They provide 60 percent of American jobs and nearly 80 percent of new jobs created, according to Forbes. In addition, family businesses produce 50 percent of America’s GDP. Mapping out your succession plan takes… Read More »

Deaths of Bourdain, Spade Offer Cautionary Tales

When fashion designer Kate Spade and chef/author/storyteller Anthony Bourdain each committed suicide in early June, they left behind grieving family and fans from around the world. They also left behind complicated estates. Both Spade and Bourdain were separated from their spouses, and at least in Bourdain’s case it was a permanent separation, according to a… Read More »

Helping Entrepreneurs Protect What They’ve Built

Successful entrepreneurs are great at turning their visions into vibrant, thriving businesses. They’re nimble in the marketplace and aren’t afraid to take chances. They’re good at many things – but estate planning often isn’t one of them. In a recent survey of 500 business owners by Entrepreneur, 80 percent didn’t have a power of attorney,… Read More »

Tax Code Rewrite Favors Real Estate Over Art

Since the recent tax code overhaul, some of you may be confused about whether acquiring art or real estate would be a better investment for your estate and financial planning purposes. Congress kept the 1031 exchanges that allow real estate to be sold tax-free if the proceeds go to buy more property. That same advantage… Read More »