by bwgdev | Aug 2, 2022 | Estate Planning
If you want to pass money to future generations without having it subject to gift and estate taxes, then a dynasty trust may be right for you. A dynasty trust allows trust assets to be used for the benefit of multiple generations while keeping the assets out of your...
by bwgdev | May 2, 2022 | Estate Planning
One of the many factors to consider when setting up a trust is whether to make it a grantor trust or a non-grantor trust. While a grantor trust is more common, a non-grantor trust can be useful in certain circumstances. A Grantor Trust A grantor trust is any trust in...
by Michael Baker | Feb 22, 2021 | Asset Protection, Trusts
The estate planning process allows you to take control over what will happen to your assets after you die, including high-value assets like your home and investments. You might find, however, that simply using a last will and testament is not going to be enough to...
by Michael Baker | Feb 15, 2021 | Asset Protection, Trusts
If you have a high-value estate, one of the main considerations of your estate planning might be what you can do to reduce your potential estate tax liability. Trusts can be used in certain ways to help you reduce taxes, but not all trusts will have tax-reducing...
by Michael Baker | Feb 8, 2021 | Asset Protection, Trusts
An irrevocable trust is a specific category of trust with terms that cannot be changed or modified in any way without the express permission of the grantor’s beneficiaries. By placing assets into the trust, the grantor officially transfers ownership of those assets to...