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Trust Article

Guarding Your Legacy – Asset Protection Strategies – September 2020

Imagine that you have spent a working lifetime accumulating a significant level of assets in order to leave a financial legacy to your loved ones.  Perhaps you built a substantial and respected medical practice, a thriving manufacturing business, or a prosperous farming ranching operation Consider also that this legacy could be impaired or lost altogether…

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Reasons and Options for Charitable Giving – August 2020

Donating to the causes you care about not only benefits the charities themselves, it can be deeply rewarding for you as well.  Millions of people give to charity on a regular basis to support causes they believe in as well as for the positive effect it has on their own lives.  There are a number…

Read More about Reasons and Options for Charitable Giving – August 2020

Aligning Tax-Deferred Retirement Accounts with Estate Planning – June 2020

During the past 30 years, the traditional pension plans that were historically important to the American workforce post-WWII have largely gone away and been replaced by the individual retirement account.  Today, a substantial portion of the wealth possessed by Americans consists of tax-deferred retirement accounts such as traditional IRAs, 401(k)s and 403(b)s, profit-sharing plans, stock bonus…

Read More about Aligning Tax-Deferred Retirement Accounts with Estate Planning – June 2020

Estate Planning When Estate Tax is not an Issue: Planning for Estates under $10 million – May, 2020

The primary focus of estate planning is often on tax-saving strategies: however, as federal estate tax laws continue to increase federal, estate, gift and generation-skipping transfer tax exemptions year after year, it is important to point out that there are many other valuable reasons why estate planning should be a priority.  Below is a summary…

Read More about Estate Planning When Estate Tax is not an Issue: Planning for Estates under $10 million – May, 2020

South Dakota vs. Delaware Situs – Which is Better? – April 2020

The topic of South Dakota as a favorable trust situs often leads to a discussion comparing the virtues of South Dakota versus Delaware. Which jurisdiction is better? Why South Dakota? Since abolishing the rule against perpetuities in 1983, South Dakota has worked diligently to  become the most trust-friendly situs in the nation. The following table…

Read More about South Dakota vs. Delaware Situs – Which is Better? – April 2020

How To Effectively Position Life Insurance – March 2020

As a result of the Tax Cuts and Jobs Act passed in 2017, the estate tax exemption more than doubled from $5.49 million per individual in 2017 to $11.58 million in 2020.  For many people, the primary reason to establish an irrevocable life insurance trust (ILIT) was to make sure the proceeds of their life…

Read More about How To Effectively Position Life Insurance – March 2020

To IDGT or not to IDGT – January 2020

Shakespeare gives us all some friendly advice, “Neither a borrower nor a lender be/For loan oft loses both itself and friend” (Hamlet Act 1, Scene 3).  Perhaps Shakespeare is giving us all timeless advice, but maybe, if structured properly, lending money could be a good estate planning tool. One way to lend money/stock/real estate to…

Read More about To IDGT or not to IDGT – January 2020