Asset Protection Planning

Congratulations, you just signed your Will and your Revocable Trust.  You set out clear directions on how your assets should pass at your death.  Your heirs will be grateful.  But there is more you can do to ease the burden of estate administration – you can fund your Revocable Trust while you are alive. Set

A directed trust is a sophisticated planning technique that divides the traditional duties of a trustee among more than one person or institution.  Unlike a standard trust with multiple co-trustees, all of whom would share the same duties, a directed trust makes each “trust director” responsible for a different type of task on behalf of

This memorandum is designed to outline some of the basic administrative steps to be followed by the Trustee of an irrevocable life insurance trust (hereinafter referred to as an “ILIT” or the “Trust”).  When properly implemented and administered, an ILIT prevents the imposition of estate tax on any life insurance policies owned by the Trust

A personal residence can be an ideal asset to gift to a properly designed trust for your descendants or other beneficiaries.

The basic concept is deceptively simple:  Parent establishes an irrevocable trust for the benefit of children, thereby locking in use of Parent’s lifetime gift exemption as a hedge against a reduction in the exemption

GRATs Allow Transfer of Wealth Outside Your Estate With Minimal or No Gift Tax

Now is a good time to consider wealth transfer strategies that remove assets from your taxable estate.  A common strategy is a grantor retained annuity trust, commonly referred to as a GRAT.

Description. A GRAT is a strategy that freezes the