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Tag: Revocable

Different Trusts for Different Estate Planning Purposes

Written by Kevin Quinn on . Posted in Asset Protection, Estate Planning, Inheritance, Medicaid, Pet Trusts, Probate, Special Needs Planning, Tax Planning, Trusts.

“Trusts are legal entities that own assets, and all trusts are not alike. They are created by a written trust...

Beneficiaries, Estate Planning, Grantor, ILIT, Irrevocable Life Insurance, MAPT, Medicaid Asset Protection, Provisions, Revocable, SNT, Special Needs, Testamentary, Trustee, Trusts

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How Does an Intentionally Defective Grantor Trust Work?

Written by Kevin Quinn on . Posted in Asset Protection, Beneficiary Designations, Current Affairs, Estate Planning, Giving, Inheritance, LCPC, LGBT, Miscellaneous, Tax Planning, Trusts, Wills.

“This type of trust can be established to benefit your spouse, children, grandchildren and other descendants....

Estate Planning Attorney, Generation-Skipping Tax Exemptions, Gift Tax, IDGT, Intentionally Defective Grantor Trust, Irrevocable, Revocable

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Why You Need an Estate Plan, Especially Now

Written by Kevin Quinn on . Posted in Asset Protection, Beneficiary Designations, Business Succession Planning, Current Affairs, Estate Planning, Guardian, Health Care Directives, Inheritance, IRA, IRA Planning, LCPC, LGBT, Miscellaneous, Power of Attorney, Probate, Real Estate, Retirement Planning, Settlement, Tax Planning, Trusts, Wills.

“It's never too early to start working on how your things will be handled, once you pass away.” Estate planning...

End-of-Life, Estate Planning Attorney, Executor, Guardian, Health Care Power of Attorney, Living Will, Probate, Revocable, Trusts, Wills

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What You Need to Know about Trusts

Written by Kevin Quinn on . Posted in Asset Protection, Beneficiary Designations, Charitable Giving, Current Affairs, Estate Planning, Funeral Planning, Giving, Health Care Directives, Inheritance, IRA Planning, LCPC, LGBT, Life Insurance, Long-Term Care, Miscellaneous, Probate, Retirement Planning, Tax Planning, Trusts, Wills.

“Generally, if you own property, have life insurance and/or have other assets which total over $150,000 (including...

Asset Protection, Co-Trustee, Estate Planning Attorney, Irrevocable, Life Insurance, Revocable, Testamentary, Trustees, Trusts

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Avoiding Probate with a Trust

Written by Legacy Counsellors P.C. on . Posted in Asset Protection, Beneficiary Designations, Business Succession Planning, Charitable Giving, Current Affairs, Elder Law, Estate Planning, Funeral Planning, Inheritance, IRA, IRA Planning, LCPC, Miscellaneous, Pet Trusts, Retirement Planning, Tax Planning, Trusts, Wills.

“In other words, family members who are not named to inherit anything in the will may still see the list of all of...

Beneficiaries, Estate Plan, Estate Planning Lawyer, Heirs, Irrevocable, Pet Trust, Probate, Revocable, Special Needs Trust, Trust

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Not a Billionaire? Trusts Can Still Be Beneficial

Written by Legacy Counsellors P.C. on . Posted in Asset Protection, Beneficiary Designations, Business Succession Planning, Charitable Giving, Current Affairs, Elder Law, Estate Planning, Giving, Health Care Directives, Inheritance, IRA, IRA Planning, LCPC, Medicaid, Miscellaneous, Power of Attorney, Retirement Planning, Settlement, Special Needs Planning, Tax Planning, Trusts, Wills.

“Even if your asset base doesn’t measure up to the Bill Gates standard, you may consider using trusts in estate...

Beneficiaries, Business Succession, Estate Planning Attorney, Irrevocable, Revocable, Settlor, Special Needs Trust, Trustee, Trusts

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