Disclaimer Trust vs. Credit Shelter Trust Married couples seeking estate planning advice are generally concerned with providing for their surviving spouse and heirs while eliminating or reducing the payment of estate tax on their assets. The marital deduction and estate tax exemption provide, to a certain extent, the ability to avoid or defer estate tax […]
Month: June 2013
Credit Shelter Trusts: QTIP Trust vs Marital Gift Trust
Understanding Credit Shelter Trusts: QTIP Trust vs Marital Gift Trust Estate planning offers individuals with significant assets the opportunity to reduce or eliminate the taxable value of their estate, while at the same time providing financially for their family, friends and important charities. Credit shelter trusts are becoming increasingly popular as an estate planning tool. […]
Estate Planning for a Child with Disabilities
Clients must plan for their own disability as well as for the disability of family members. Planning for the client’s own disability often means purchasing disability insurance during the client’s working years. It also means establishing durable powers of attorney; living wills and/or health care proxies; revocable living trusts when appropriate; and shareholder, partnership and […]