Planned Gifting

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Planned Gifting | The Pollock Firm LLC

Planned gifting is an expansive term used to cover the many estate planning techniques that a high net worth person can engage in to transfer wealth to their heirs with minimal tax consequences. The range and type of planned gifting a donor may engage in will often depend upon the donor’s age, the types of assets owned, the basis of […]

Trust Planning

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Trust Planning The Pollock Firm LLC

There are thousands of different trusts and a trust for almost every type of need. Often times, four or five types of trusts get combined together in one. For example, a Life Insurance Trust is almost always set up as an “irrevocable trust”, a “Crummey Trust”, a “spousal lifetime access trust”, an “asset protection trust”, […]

Revocable Living Trusts

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Revocable Living Trusts | The Pollock Firm LLC

There is probably more misunderstanding about the revocable living trust than any other estate planning technique. The Revocable Living Trust is also frequently called a Grantor Trust, Revocable Trust, Living Trust, Intervivos Trust and even a Family Trust. In general, a revocable living trust means any trust that is created by a person, for that person’s own […]

Philanthropic Planning

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Philanthropic Planning

Clients are often interested in making gifts to charities. Philanthropic planning is the use of advanced estate planning techniques to get more out of the charitable giving you wish to do. By committing to a future charitable gift now, you can create additional value for your charities and secure immediate tax benefits. At the The […]

Medical Powers of Attorney

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Medical Powers of Attorney

  Health Care Powers of Attorney and Medical Powers of Attorney Regardless of your wealth, everyone needs a Health Care Power of Attorney (also known as a Medical Power of Attorney). A Health Care Power of Attorney is a document that allows one person (the “Grantor”) to name another (the “Agent”) to make health care […]

Last Will and Testament

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Last Will and Testament The Pollock Firm LLC

Not everyone needs a fancy or expensive Last Will and Testament; it really depends upon your wealth and the complexity of your situation. However, at the The Pollock Firm LLC, we believe everyone should have at least a basic Will. Here are some of the most important reasons why: A Will Allows You to Decide WHERE […]

IRA Stretch Trust

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IRA Stretch Trust

  The owner of an Individual Retirement Account (IRA) is entitled to name a beneficiary who will receive the account upon the death of the account owner.  The beneficiary who inherits the IRA account does not have to withdraw it immediately upon the death of the prime account holder. The beneficiary can, and generally should, […]

International Estate Planning

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International Estate Planning

The attorneys at The Pollock Firm LLC frequently counsel clients with respect to their international estate planning needs.  We live in a mobile society, and many clients assets around the world.  To meet that need, we understand that comprehensive estate planning must be done on both a domestic level and an international level.  Comprehensive international […]

Guardianships

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Guardianships

If a person is not competent to make his or her own decisions, and that person has not made a Power of Attorney, then you can only obtain the legal authority to act on behalf of the incapacitated person if a court appoints you as a Guardian. That person is then referred to as your “Ward”. […]