Consider a GRAT to Reduce Risk of Gift Taxes

One of the most powerful estate and gift tax strategies you can employ is temporarily freezing the value of an asset that will be worth more later with a Grantor Retained Annuity Trust (GRAT). When stocks and real estate are at a low, this can be a powerful tool, assuming you (the grantor) believe the… Read More »

Should You Name a Trust Protector in Your Estate Plan?

The concept of a Trust Protector was typically found only in domestic and offshore asset protection trusts. However, since trusts are becoming more common as the “go to” estate planning tool, the Trust Protector concept is making its way into even the least complex of estate plans. Trusts provide control, privacy, and protection. Throw in… Read More »

Estate Plans Aren’t Just About Avoiding Probate

Avoiding probate, reducing taxes, providing for heirs, and protecting a family business. These are the more popular reasons that most clients share when they start talking about why they want to establish an estate plan. However, there are several other less-discussed reasons that might prompt you to establish an estate plan. Recently, WealthManagement.com published an… Read More »

5 Financial Gifts You Should Consider Making

Making a financial gift during this holiday season is more than a generous gesture to a loved one. It can also be a very powerful planning strategy. The Wall Street Journal recently published a timely article on four financial gifts to consider. We agree with the article, but we would like to make one addition… Read More »

What Does a Trump Presidency Mean for You?

The votes are in. Donald Trump is the President Elect. WealthManagement.com has published a great analysis piece on what the future of estate planning could look like under a Trump administration, and we believe the highlights are worthy of your attention. When Trump campaigned, he proposed the following tax reforms: •    Eliminating the federal estate… Read More »

Your Estate May Be At Risk!

Long standing estate planning strategies which are used to help you reduce “estate tax”, and increase the inheritance you can leave for your family, may be changing and your estate may be at risk! On August 4, 2016, the IRS proposed regulations that will, if adopted, have the most comprehensive effect on the Estate Tax… Read More »

How FLPs and LLCs Can Help You Keep Assets and Disinherit the IRS

The Waltons was a long-running TV show in the 1970’s about a close-knit family that weathered tough times during the Great Depression and World War II. Today, people are more familiar with another set of soft-spoken, family-oriented Waltons, namely those who founded Wal-Mart, the world’s largest retailer. In sharp contrast, the modern day Waltons are… Read More »

LLCs