Designing a Trust is Like Designing a Home Designing and building a trust is much like designing and building a home. No two custom homes are identical—each one reflects the owner’s specific needs, lifestyle, and vision. While a basic “tract home” provides essential shelter at a low price, it lacks customization, energy efficiency, and unique […]
“Buckets of Assets” – the Key to Understanding Probate The biggest mystery to families in settling a loved one’s affairs, or establishing their own estate plan, is probably understanding what legal document controls the disposition of assets. Most people believe that it is the Last Will and Testament that controls. In reality, the Last Will […]
The Importance of Collaboration in High-Net-Worth Estate Planning In my prior article, “Planning for Gilligan is different than planning for Thurston Howell, III” I mention the fact that for high-net-worth clients, it is very important to get all the advisors on the same page. Collaboration is critical. There are income tax issues, estate and gift […]
Appreciation in Value more Important than Using your Exemption
