Hey, we do live in South Florida. But seriously, I come across many trusts created in the 80s, 90s and early 2000s where life was slower, and trusts were irrevocable. These irrevocable trusts had a goal to reduce the size
of a person's estate to avoid estate tax. If you've been reading my ![]()
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What’s Better, a Will or a Trust?
As an estate planning attorney, I’m often asked, "How do I know if I need a trust as opposed to a will?" Many people assume that Trusts are just for the wealthy, but the benefits that they offer to the average person are significant. Here are a few factors to consider when deciding between a...
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What’s a Grantor Retained Annuity Trust (GRAT)
A grantor retained annuity trust is an effective estate planning tool that has a number of advantages over other techniques. It allows the creator of a trust to receive annuity payments based on assets placed in the trust. The grantor retains his or her rights to the annuity for a certain period of time. After...
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Reasons to Create a Trust
A well-crafted estate plan often includes a Trust. As flexible and powerful tools, Trusts allow us to gain greater control over how assets pass are passed on to future generations. There are several reasons to create a Trust, specific to each individual’s circumstances.
Often, people establish a Trust as a method of protection....
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