Asset Protection Trust

Irrevocable Trusts

Posted on
Irrevocable Trusts

There are many different types of irrevocable trusts. The most popular irrevocable trusts include: life insurance trusts; asset protection trusts; charitable trusts; trusts created upon death (such as QTIP trusts and bypass trusts); and special needs trusts. Generally, an irrevocable trust is designed to prevent its terms from being modified in the future. As a […]

Estate Tax

Japanese Inheritance Tax vs. US Estate Tax

Posted on

BRIEF OVERVIEW OF JAPANESE INHERITANCE AND GIFT TAXES vs. AMERICAN ESTATE AND GIFT TAXES NOTE: This information has been updated. The new post can be found at: http://willstrustsestates.blogspot.com/2014/08/japanese-inheritance-tax-vs-us-estate.html I. Estate Taxes A. America 1. Citizens and Permanent Residents a. Tax on Worldwide property (credit for taxes paid to foreign countries) b. Exemption of $2,000,000 in […]

Estate Planning

Benefits of a Life Insurance Trust

Posted on
Benefits of a Life Insurance Trust

I. What is a Life Insurance Trust? Legal Relationship – A trust is a relationship that exists when one person or an entity (the Trustee) holds legal title to money or property for the benefit of one or more individuals or organizations (the Beneficiaries). The terms of the relationship are decided by the person providing […]