Archive for ‘Estate Plan Trusts’ Category

The majority of Western nations provide reliefs below their laws and regulations which permit assets in order to pass, free from tax, through individuals or even corporations in to Offshore Believe in arrangements. Certainly, the romantic relationship between Trusts, each onshore as well as offshore, Taxation, Asset Safety and Prosperity Preservation has taken about the demand with regard to information that was difficult to acquire only about ten years ago. And this really is all very legal. The super-rich happen…

28
Sep
Estate Planning And The Revocable Living Trust
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According to Plan-My-Estate.com - With a Revocable Living Trust, you transfer the title of any of your assets (such as a house) from yourself as an individual, to yourself as Trustee of the Trust. Then you, as the Trustee of the Trust, manage the assets of the Trust for the benefit of the beneficiary, which is you. In this manner, you keep complete control over the assets. Once you pass on, a Successor Trustee takes over the management of the…

If you've done any estate planning AT ALL, you know that you need a "Living Trust" - but before you can create one, there are a few concerns... Do you really understand what a trust is all about? Your family's future depends on your answer to that question! If you schedule an appointment with your attorney and ask, he (or she) will be happy to explain everything to you. After all, giving legal advice is what they do - and…

28
Sep
Estate Planning – Basic Principles
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Let's get one thing straight right off the bat - estate planning is not about death. If you look at it like that, you'll be putting it off forever. Thinking about death is dwelling on the negatives when estate planning is all about dwelling on the positives: financial security and surety for your family. In order to plan for your estate, you must first take inventory. Keep account of every piece of real estate, every bank account, every investment, and…

28
Sep
Handling the Details of Estate Planning
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It is extremely important to have your will because it helps in efficient and hassle free distribution of your property, wealth and asset among your heir. When you are making a will, there are plenty of different details that you need to keep in mind and this is why a lot of people end up hiring the services of a will attorney. What Is the Main Role of a Will Attorney? Ideally, the will attorney will assist you in the…

28
Sep
Why Estate Planning Is a Woman’s Issue
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In a nation consumed with wealth-building, it's easy to forget that earning money is only half the financial security battle. Equally important is protecting our hard-won financial security with a well-designed estate plan. For women, the importance of planning is paramount, because most often women must cope when loved ones become disabled or die. A recent study by Penn State University found that wives were three times more likely to have to cope with a mate's illness or injury. The…

28
Sep
Estate Planning – Top 10 Mistakes
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When beginning to plan for leaving their property to heirs, people are confronted and frightened by the high estate tax rates and rush to utilize sophisticated estate planning techniques to avoid them. Yet, there are some simple moves that can frustrate these elaborate plans and are easily avoided. Here are some of the common mistakes to watch out for. (1)Not Funding Your Living Trust: Many individuals have attempted to install a modern estate plan and use a living trust. Yet,…

28
Sep

How well versed are you in your estate planning options? Even more importantly, can you be assured that your family will be taken care of when you are no longer able to do so? A qualified estate planning attorney can be an invaluable asset to you and your family, whether your personal wealth is small or extensive. In truth, any amount of personal wealth is at risk if you do not have an estate plan. In most cases, if you…

28
Sep

How well versed are you in your estate planning options? Even more importantly, can you be assured that your family will be taken care of when you are no longer able to do so? A qualified estate planning attorney can be an invaluable asset to you and your family, whether your personal wealth is small or extensive. In truth, any amount of personal wealth is at risk if you do not have an estate plan. In most cases, if you…

28
Sep
Don’t Let a Recession Control Your Estate Plan
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Question: What do most people do during a recession? Answer: They cut back on everything, of course. They may cut back on dining out, vacations, gifts, and other things considered nonessential. One example of a "nonessential" matter might be their estate plans. An estate plan seems like something that can wait; something which can be taken care of some future time. But an estate plan should never be considered a "nonessential. " The reason for this is simple: There are…