Estate Planning

Trusts for Asset Protection: watch your language

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In the law, what you say can become really important years down the line in a way that couldn’t be foreseen. In this article, I’ll discuss why the help that most of my clients seek — asset protection — can sometimes backfire when the plan actually needs to protect their assets. The “Asset Protection Trust” […]

Estate Planning

Advanced Estate Planning: The A-B Trust

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Today, we will discuss one of the most common estate tax avoidance strategy: the A-B trust, the Family Trust, or the¬†credit shelter¬†trust. Thanks to the Taxpayer Relief Act of 2010, many clients won’t require this kind of estate planning anymore, but the A-B Trust still has important and handy uses and should always remain a […]

Estate Planning

The Caveats of Estate Tax Exemption Portability

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Thanks to the Taxpayer Relief Act of 2010, the estate tax exemption has been raised to a lofty $5.43 million for 2015, an amount that means that most clients won’t have to worry about the federal estate tax (unless they have a wealthy mindset!) It also fixes a part of the law that previously caused […]