Most families want to make things easier for their loved ones and preserve as much of their hard-earned assets as possible. A well-crafted trust can help achieve both goals. By placing certain property in a trust, you can ensure it passes smoothly to your beneficiaries while minimizing taxes and avoiding the...
Customizing Your Trust to Fit Blended Families and Complex Situations
Families come in all shapes and sizes. Individuals and couples need more than one-size-fits-all estate plans to meet their needs and goals. They need estate plans that meet their specific needs and wishes. Trusts are the perfect estate planning tool for customizing estate plans for blended families and complex situations.
Why High Net Worth Individuals Should Consider an IRA Trust
Estate planning for high-net-worth individuals is essential to reduce the tax burden and protect wealth. Using trusts is a common strategy for high-net-worth estate planning. Comprehensive estate plans for high-net-worth families often include several trusts to meet specific needs and avoid the public probate process. Our New Brunswick estate planning attorneys...
Marital Trusts vs. Other Trusts: What Makes Them Unique?
Choosing the trusts that accomplish your goals and meet your needs is essential in estate planning. The first step is understanding what each type of trust can provide. Our New York & New Jersey estate planning attorneys explain the various types of trusts available. This blog discusses what makes marital trusts...
7 Reasons Why Trusts Aren’t Only for the Wealthy
Two common ways in which people plan for the disbursement of their property are through a Last Will and Testament and by creating a trust. People often associate trust funds, or trusts, as tools only used by very wealthy people. However, there are advantages to establishing a trust from which people who are...
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What is a Pour Over Will?
While you may have heard of a will, you may not have heard of a pour over will. A pour over will, however, can be a valuable estate planning tool when properly employed. In particular, a pour over will can be a great safety net if you have put a trust in place to...
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90210 Star Reportedly Used a Revocable Living Trust in Estate Planning
Q: What is a revocable living trust?
Whether they’re from the music or television world, celebrities are viewed by some as role models – much to the chagrin of parents that might disagree with the examples set by their on-stage or off-screen behavior. Antics and personalities aside, estate planning attorneys are more likely to...
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Pet Trusts in Estate Planning
Q: Do I need a pet trust?
Many people know that one of the most important functions of a last will and testament--also known simply as a “will”, is to designate legal guardians (and successor guardians) for minor children. If you die before your children reach the age of majority and you have not executed...
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