One of your biggest concerns, as you do your estate planning, is fighting among your children. You know that sibling disputes over a will and inheritance can drag on for months and get very expensive, and you also know that they often push people apart emotionally. In some cases, siblings never resolve their differences and never speak again.
For a select few families, a dynasty trust is just the ticket
There is likely a debate at the ready in response to an estate planning professional’s recent comment that “a lot of clients want to take advantage of this new law.”
If in doubt re estate planning, one timely step after another
If you’re a would-be estate planner who continually procrastinates while knowing that it’s important to put things in place, it might be useful for you to evoke a metaphor or image that can help you get started.
What is a spendthrift trust, and how can it benefit you?
In today’s above-cited blog headline, the referenced “you” refers to the individual who establishes a trust. The legal designations for that person are actually several and liberally substituted. Trust creators are sometimes called trustors, grantors or settlors, with even other terms occasionally being used. We’ll just go with creator in today’s post entry.
Words of advice as overseas tax disclosure program winds down
We commented on a major IRS announcement in a recent blog post, noting in our March 20 entry that the agency’s Offshore Voluntary Disclosure Program launched back in 2009 will officially terminate on September 28 of this year. We stressed that many Americans holding offshore assets might reasonably “be buoyed” by that news.
Unequal bequests: A recipe for disaster
When creating your estate plan, you decide that you do not want to split things into thirds for your three children.
