How to Choose a Trustee

1dc5774c-1394-4671-af6f-c58a4f1d001e-thumbnailWhen you establish a trust, you name someone to be the trustee. A trustee does what you do right now with your financial affairs – collect income, pay bills and taxes, save and invest for the future, buy and sell assets, provide for your loved ones, keep accurate records, and generally keep things organized and in good order. (more…)

Who Should Be Your Successor Trustee?

Family Portrait At ChristmasIf you have a revocable living trust, you probably named yourself as trustee so you can continue to manage your own financial affairs, but eventually someone will need to step in for you when you are no longer able to act due to incapacity or after your death. The Successor Trustee plays an important role in the effective execution of your estate plan.


AB Trusts – Do You Need to Get Rid of Yours?

6a01b8d0a6271d970c01b8d15319d0970c-500piAre you married and is the last time you and your spouse updated your estate plan more than a few years ago? Then chances are your estate plan contains good old “AB Trust” planning (also called “Marital and Family Trusts” or “QTIP” and “Bypass Trusts”) which, up until 2011, was the only way for married couples to double the value of their federal estate tax exemptions. All of this changed in 2011 when “portability” of the estate tax exemption between spouses was introduced for the first time.


The Shocking Truth About Asset Protection Planning

business_meetingSome view asset protection planning with a skeptical eye. They believe there is a moral obligation to pay one’s debts. They think that asset protection planning is immoral because it prevents a creditor from collecting on a judgment entered by a court.


Who Needs an Estate Plan?

planningIf you’re reading this, you need an estate plan. Why? The short answer is “Everyone, age 18 and older needs an estate plan.” It doesn’t matter if you are old or young, if you have built up considerable wealth or if you are just entering adulthood – you need a written plan to keep you in control and to protect yourself and those you love. (more…)