The Importance of Trusts

Do I need a trust if I have a will? Wills and trusts are two of the most important estate planning tools. It is a common misconception that if you make a will, your estate plan is complete. In reality, wills and trusts are two unique estate planning tools, with one not able to replace…

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Creating a Spendthrift Trust

How can a spendthrift trust protect my heirs from creditors? With a spendthrift trust, you can pass down assets to your heirs without concern that your assets may be rapidly spent by heirs or seized to satisfy creditors. A spendthrift trust comes with all of the benefits of a regular trust, but allows for additional…

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Setting Up a Trust for Minors

What are the advantages of placing assets in a trust for my minor child? Many younger parents put off estate planning, believing they have plenty of time to set aside assets for their children before their death. However, failing to create an estate plan that benefits your children now could leave your child without a…

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Charitable Giving Through Your Estate Plan

What is a charitable remainder trust? Giving to charity is a wonderful legacy to leave behind.  With your charitable donations, you can truly make a difference to a cause that you hold near and dear.  There are many ways both during your lifetime and after your death that you can give to charity.  Charitable giving…

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Qualified Personal Residence Trusts Explored

Is a Qualified Personal Residence Trust (QPRT) an irrevocable trust? A Qualified Personal Residence Trust (QPRT) is a type of irrevocable trust that allows you to place your home or a secondary residence into the trust for tax benefits.  QPRTs are a popular estate planning tool that can help you to reduce the size of…

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Protecting Your Assets With a Trust

What is an irrevocable trust? You’ve worked hard your entire life to provide for yourself and your family.  Now, you want to protect your assets in the face of an uncertain future.  Trusts can offer a way to protect your assets from creditors during your lifetime and after your death.  There are two main types…

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Exploring Revocable Living Trusts

What are the benefits of using a revocable living trust? Revocable living trusts have become increasingly popular in recent years, and for good reason.  This type of trust offers several financial advantages when passing your assets down to your heirs.  For those just starting out on the estate planning process, you may be wondering whether…

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