In Trusts We Trust: Day 21

December 13, 2011 by admin

Dynasty Trusts, Day Five For the past several days I’ve been covering Generation-Skipping Transfer Trusts, which are also known by the name ‘Dynasty Trusts.’  Today’s posting will address how you may take advantage of this technique in your financial planning. When clients or potential clients first meet with us one of the things they most [...]

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In Trusts We Trust: Day 20

December 12, 2011 by admin

Dynasty Trusts, Day Four For the past several days I’ve been covering Generation-Skipping Transfer Trusts, which are also known by the name ‘Dynasty Trusts.’  Today’s posting will cover the real reason the Dynasty Trusts got their name in the first place! While this may be a “Who is buried in Grant’s tomb?” question, why do [...]

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In Trusts We Trust: Day 19

December 9, 2011 by admin

Dynasty Trusts, Day Three For the past few days we’ve been posting a series about Generation-Skipping Transfer Trusts, which are also known by the name ‘Dynasty Trusts.’ Today’s posting begins with the most important thing to know regarding estate planning: estate planning is really not a do-it-yourself proposition.  Although there are many free wills and [...]

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In Trusts We Trust: Day 18

December 8, 2011 by admin

Dynasty Trusts, Day Two Yesterday we started a series of posts about Generation-Skipping Transfer Trusts, which are also known by the name ‘Dynasty Trusts.’  So where to begin today as we explore what these trusts are and what they might provide for you?  I’ll begin where many of my clients and potential clients begin when [...]

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In Trusts We Trust: Day 17

December 8, 2011 by admin

Dynasty Trusts, Day One What’s all the fuss about Dynasty Trusts?  That’s what this series of blogs is about to uncover.  Many clients and potential clients raise a similar question; they want to know about the so-called “Dynasty Trusts” they’ve been hearing so much about.  Rather than leaving you to your own devices, I thought [...]

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In Trusts We Trust: Day 16

December 7, 2011 by admin

Crummey Trust A Crummey Trust may be used to describe what is more correctly called an Irrevocable Life Insurance Trust.  The trusts—which are named after D. Clifford Crummey, a Methodist minister who took on the IRS and won back in the 60’s—are Life-Insurance Trusts with provisions that allow gifts to the trust to qualify for [...]

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In Trusts We Trust: Day 15

December 5, 2011 by admin

Credit Shelter Trust A Credit Shelter Trust is a type of trust that married couples would use to pass assets along to their heirs and avoid estate taxes while doing so.  A Credit Shelter Trust is also known as an A/B Trust.  The contingency is that a Credit Shelter Trust only works if you are married [...]

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In Trusts We Trust: Day 14

December 2, 2011 by admin

Constructive Trusts To understand a Constructive Trust, we must first understand that a constructive trust is not a trust, in the typical sense.  Typically a trust is an estate-planning tool into which the grantor has titled their assets, and an appointed trustee has duties of administration enduring for a substantial period of time.  A Constructive [...]

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In Trusts We Trust: Day 13

December 2, 2011 by admin

Charitable Trusts, Day Eight: The NIMCRUT, Part Two In addressing Split-Interest Trusts we’ve seen that they are unique types of trusts that are established to benefit both charitable and non-charitable recipients.  These trusts are designed for those who have both philanthropic and family needs to attend to. The final type of Split-Interest Charitable Trust we’re [...]

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In Trusts We Trust: Day 12

November 30, 2011 by admin

Charitable Trusts, Day Seven: The NIMCRUT We’ve been addressing Split-Interest Trusts recently; those are unique types of trusts that are established to benefit both charitable and non-charitable recipients.  These types of trusts would be a match for you if you have both philanthropic and family needs to attend to; if you both want and need [...]

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