Excluding a Loved One from Your Estate Plan

  Can I legally exclude a child from my will? When drafting an estate plan, most people will elect to leave their hard earned assets to their spouse and children. At times, however, a person may choose to leave a certain family member out of their estate plan. A parent may make the hard decision…

Continue reading…

3 Reasons Why You Need An Estate Plan

Do I need an estate plan if I do not have significant assets? Creating an estate plan provides you with control over your assets after your death. Estate planning consists of arranging for the disposal of your assets after your death while minimizing tax consequences. Despite the importance of estate planning, less than half of…

Continue reading…

Estate Planning for the Art Collector

A fine art collection can be one of the most valuable assets a person owns — sometimes even more valuable than a home or oceanfront property. For the serious art collector, congruently serious estate planning is necessary to help ensure the paintings or sculptures are not lost due to estate taxation or fiduciary mismanagement. Fortunately,…

Continue reading…

Personal Asset Trust

What is a personal asset trust and what are its benefits? When you establish a personal asset trust (PAT), instead of receiving your inheritance directly, your beneficiaries receive it in a special trust which emanates from your Living Trust. The Personal Asset Trust is under the control of each beneficiary. The benefit here is that…

Continue reading…

Ways a Living Trust Can Help Preserve Assets

What is a living trust and how can it be useful in financial planning? A living trust is a legal written document which partially substitutes for a will. By employing a living trust, your assets, including your bank accounts, home, and other investments, are put into a trust designed to be beneficial to you during…

Continue reading…