7 Reasons Why You Should Create an Irrevocable Trust
Learn 7 reasons why you should create an irrevocable trust. An irrevocable trust is a great way to minimize taxes, protect your assets, and control your wealth.
How to Manage a Revocable Trust
Back in May of 2022, I wrote a post explaining What is a Revocable Living Trust. In this post, I would like to focus on how to manage a Revocable Trust. (I will be using the term Revocable Trust and Living Trust to mean the same thing.) In understanding how to manage a Revocable Trust, […]
What is a Revocable Living Trust?
A Revocable Living Trust is a common estate planning document that is typically used as a substitute for having a Will. It provides a way to manage your assets while you are alive and after you pass away. The primary reason that many people choose to create a Revocable Living Trust is to avoid probate. […]
Joint Trusts – A Great Planning Opportunity for Non-Traditional Couples and Blended Families
Creating an estate plan for clients who are in non-traditional relationships or are part of a blended family can be very tricky. Why is Estate Planning for Non-Traditional Couples So Tricky? Let’s assume a hypothetical fact situation where you have a women (Jane) with $4M in assets. She is a widow and has 2 children. […]
Nice Article on the Basics of ILITs
A colleague of mine, David Saltzman, has written a nice article on the Basics of Irrevocable Life Insurance Trusts. As he points out, setting up a life insurance trust is a great way to minimize your estate tax liability and it can be especially important in New Jersey. Dave is a great resource and knows […]