Created to own and control a life insurance policy or policies while the insured is alive, Irrevocable Life Insurance Trusts (ILITs) are tools that are sometimes recommended by estate and planners.
For most people, pretty much everything they owned could be held, sorted and doled out by their estate lawyer. Today, that’s far less true.
Trusts are excellent vehicles for probate avoidance, ease of transition of funds to one’s beneficiaries upon death, asset protection planning and estate tax planning.
If you have a child or grandchild with disabilities, one of your biggest worries is what will happen when you are no longer around to provide aid.
The Estate of The Union Season 2|Episode 6 is out now! In the latest episode of Estate of the Union, Brad Wiewel is joined by
Once you create a life estate, property rights vest in your heir.
Tax reimbursement clauses are a common clause in many trusts. Why are they used? Why are they important for you to understand?
Naming secondary beneficiaries can help estate planners avoid the delay and costs of going through probate, as well as ensure that your wishes are carried out.
A frequent complaint by next-generation members is that the senior generation never fully lets go of business tasks.
In most cases, a co-op board has enormous latitude to approve or deny the transfer of a unit’s shares and proprietary lease.
