If you’ve worked to build a large estate, you undoubtedly would like to leave a lasting legacy to your children and future generations. Educating your children about saving, investing and […]
Category: Trust
Does Your Estate Plan Clearly Communicate Your Wishes?
Precise language is critical in wills, trusts and other estate planning documents. A lack of clarity may be an invitation to litigation. An example of this is the dispute that […]
Avoid These Four Estate Planning Deadly Sins
According to literature, the “seven deadly sins” are lust, gluttony, greed, laziness, wrath, envy and pride. Although individuals may be guilty of these from time to time, other types of […]
Only Specific Trusts Are Eligible To Hold S Corporation Stock
S corporations must comply with several strict requirements or risk losing their tax-advantaged status. Among other things, they can have no more than 100 shareholders, no more than one class […]
Don’t Procrastinate If You Plan To Transfer Ownership Of Your Life Insurance Policy
Generally, the proceeds of your life insurance policy are included in your taxable estate. You can remove them by transferring ownership of the policy, but there’s a catch: If you […]