A Checklist for Your Loved Ones

Tag: wealth transfer

June 10, 2014  |  

Thoughts on Raising Financially Responsible Children

Teaching financial responsibility to children is a great way to provide them with knowledge and experience that will help them grow into financially stable adults.  Our first lessons about money come from our parents and they set the frame-work for the critical lessons and behaviors to promote healthy money attitudes and habits in children. Lessons […]

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April 29, 2014  |  

Decanting a Trust

The Basics A trust is a legal relationship where someone (the grantor) arranges with another (the trustee) to hold property for the benefit of a third-party (the beneficiary). The grantor transfers a split ownership of property–legal ownership to the trustee and beneficial ownership to the beneficiary. The grantor names the beneficiary and trustee and establishes […]

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October 17, 2013  |  

Unintentional Gifting Errors

We give gifts for many good reasons, but what if I told you that you may be gifting assets without even realizing it, or not gifting assets that you thought you were gifting?  It sounds crazy, but it happens every day.  Complex gift and estate tax laws are at the heart of these unintentional gifts.  […]

August 16, 2013  |  

What is a Disclaimer of Property?

A disclaimer is an estate planning tool that allows you to redistribute transfers of assets or property by refusing to accept a gift, bequest, or other form of property transfer.  Once disclaimed, the property is then distributed to the next recipient.  The person disclaiming the property, a disclaimant, is not regarded as having received the […]

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