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Wills and trusts allow you to spell out how you would like your property distributed, but they also go beyond that.
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A living trust can help control the distribution of your estate upon death.
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To retain the tax advantages associated with charitable giving, your gift must be made to a qualified organization.
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If you haven’t taken steps already, consider planning now for the distribution of your estate’s assets.
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If you believe your estate will be subject to estate taxes, consider how your heirs will pay the bill.
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An A-B trust can be an effective way to help reduce estate taxes and preserve family assets for heirs.
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Compare the advantages and disadvantages of different gifting strategies available for planned giving.
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Charitable lead trusts are designed for people who would like to benefit a charity now rather than later.
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A designated income beneficiary could receive payment of a specified amount from a charitable remainder trust.
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A wealth replacement trust could be used to gift appreciated assets to a charity as well as provide for heirs.
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One estate planning strategy that families with closely held businesses could consider is the family limited partnership.
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Sole ownership, joint tenancy, tenancy in common, and community property have special benefits for property owners.
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Careful estate planning is still one of the most important ways to manage and protect your assets for your heirs.