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Since individual gift and estate tax exemption amount have risen, there has been increased interest in estate planning circles in dynasty trusts. Such trusts are used to pass assets to coming generations, while avoiding as much estate tax as possible. Because dynasty trusts have no expiration date and no minimum distribution requirement.
More estate planners taking advantage of Dynasty trusts
Estate planning is enhanced by careful asset preservation planning, P.3
In our last two posts, we have been looking at the importance of asset preservation planning. As we have tried to stress, asset preservation planning is an important element in coming up with a solid estate plan, as it ensures that the wealth you pass on has minimal exposure to creditor's claims.
Estate planning is enhanced by careful asset preservation planning, P.2
In our previous post, we began looking at the importance of asset preservation planning, to work in conjunction with estate planning.
Estate planning is requires careful asset preservation planning, P.1
In a previous post on this blog we mentioned that "taking advantage of asset preservation opportunities, particularly for special needs family members" is one of the 10 top considerations for those engaged in estate planning. But why is that?
Estate tax can be a moving target for estate planners
A recent Wall Street Journal article which goes into the uncertain state of estate taxation among the states highlights that estate planning can often be one of the more challenging aspects of estate planning.
Aging can mean increased financial risk for many, P.2
There are a number of reasons why it is risky to procrastinate in making getting one's finances and estate in order until old age. In our last post, we mentioned some of those reasons.
Aging can mean increased financial risk for many, P.1
In our last post we listed 10 concerns that you ought to be aware of when considering how to approach estate planning. On the bottom of that list, we mentioned that one of the most important considerations for estate planning is, quite simply, to begin the planning process before it is too late.
10 important issues in estate planning
Estate planning can often be a daunting task for individuals unsure of how or where to begin. Especially where family and/or financial situations are complex, estate planning can be tricky. And even though many have a basic understanding of their estate planning goals, some are not entirely sure of what their own priorities are in getting their estate in order.
Advance directives: an important part of estate planning, P.2
In our previous post, we began discussing the importance of including an advance directive in the estate planning process. Doing so is lets health care providers and family know of one's medical wishes in the event that one is incapacitated and unable to communicate those wishes.
Advance directives: an important part of estate planning, P.1
Many families, at some point, face difficult decisions regarding end-of-life for a loved one. Sometimes it isn't clear what call to make in the moment, or what the loved one would prefer if they could speak for themselves.
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