Category Archives: Estate Planning

Family moments.

Here’s What a Trust Is and Why You Might Need One

The legal rights of property ownership and control rest with the trustee, who then has the responsibility of managing the property as directed by the grantor in the trust document for the ultimate benefit of the trust beneficiary.

A trust can be a living trust, which takes effect during the lifetime of the grantor, or it can be a testamentary trust, which is created by the will and does not become operative until death.

In addition, a trust can be a revocable trust, meaning that the grantor retains the right to terminate the trust during lifetime and recover the trust assets, or it can be an irrevocable trust, meaning that the grantor cannot change or terminate the trust or recover assets transferred to the trust.

A Powerful Estate-Planning Tool for Married Couples

As with much of the economy—the talk of fiscal cliffs and all—there is uncertainly about taxation in 2013. I wanted to let you know about a planning strategy before time runs out. The marital deduction (IRC Sections 2056 and 2523) eliminates both the federal estate and gift tax on transfers of property between a husband […]

Financial Advisor Barbie? Not Quite, but She May Want to Speak With One

If you’ve been following the celebrity gossip pages lately, you couldn’t have missed all the news about Barbie and Ken. It’s been a busy year for America’s favorite dream couple. This past Valentine’s Day, Ken successfully wooed Barbie back into his arms after spending seven years apart—all it took was a multimillion dollar advertising and […]

Women, Money and Power

Women, Money and Power. This is the title of an article recently published by Aimee Johnson, who is the women’s program manager for Allianz Life. According to Johnson, the women’s market is still viewed by some as a niche market, but she goes on to set the record straight. Nearly a third of women serve […]

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