7 Major Errors in Estate Planning* – Part 1 of 7

A recent article in Forbeslisted one author’s opinion of the 7 Major Errors in Estate Planning.   The 7 Major Errors were listed as: Not Having a Plan Online or DIY Rather Than Professionals Failure to Review Beneficiary Designations or Titling of Assets Failure to Consider the Estate and Gift Tax Consequences of Life Insurance Maximizing Annual Gifts […]
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Funding the Exemption Sub-Trust

An estate-tax planning technique often contained in many Trust agreements for married individuals is to require the establishment of two or more sub-trusts when the first spouse dies, in particular the establishment of an Exemption Sub-Trust.  If the Trust agreement is properly drawn and the Exemption Sub-Trust correctly administered during the life of the surviving spouse, at the time […]
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Funding A Credit Shelter Trust

Many of our clients who are married have joint revocable trusts that include instructions for the possible division of the trust upon the first spouse’s death.  The purpose of the division of the trust into two separate trusts upon the first spouse’s death is primarily estate tax reduction.  Sometimes these types of trusts are called “A-B trusts,” “2 trusts,” […]
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