Charitable Planning and Non-Profit Formations
Posted on 12. Nov, 2009 .
Charitable Planning
Charitable planning is a broad designation that refers to an entity’s strategic approach to charitable giving. Charitable planning is typically designed to accomplish two things: the efficacy of the donor’s charitable values and the financial benefits that the donor experiences upon practicing those values. From extended trusts to large, one time donations, charitable [...]
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Special Needs Trusts and Guardianship
Posted on 12. Nov, 2009 .
A special needs trust is created to ensure that disabled or mentally ill beneficiaries can access assets that are legally theirs. In addition to insuring that individuals with special needs can make use of their inheritance, special needs trusts can also prevent beneficiaries with special needs from losing access to government benefits.
Due to the special [...]
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Simple and Complex Estate and Financial Planning
Posted on 12. Nov, 2009 .
An estate plan is comprised of documents that will carry out your financial wishes in the event of your death or incapacity. Documents commonly associated with estate plans include wills, living trusts, powers of attorney and living wills. Regardless of what documents and level of financial planning an estate plan contains, it should always accomplish [...]
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Estate Protection through Insurance and Investments
Posted on 12. Nov, 2009 .
Insurance and investments can keep your estate from being diminished by lawsuits and collection practices. The three most common types of estate protection insurance are:
Auto insurance
When an accident is your fault, consummate auto insurance can keep you from digging into your estate to pay for the other party’s vehicular and health related damages.
Homeowner’s [...]
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Simple and Complex Trusts
Posted on 12. Nov, 2009 .
A trust is legal arrangement where financial property is managed by one party for the benefit of another party. In a trust, the trustor entrusts some or all of their property to a group of trustees who hold a legal title to the trust property, but must hold the property for the benefit of other [...]
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Simple and Complex Wills
Posted on 12. Nov, 2009 .
A will is a legal declaration that assigns one or more persons to manage another person’s estate and provide for the transfer of his or her property at death. Wills fall into two basic categories: simple and complex. Traditionally, a simple will refers to a will that represents an estate that is valued at less [...]
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Funded and Unfunded Buy/Sell Arrangements
Posted on 12. Nov, 2009 .
A buy/sell agreement is an agreement to buy or sell a business interest under pre-established terms that define when the interest can be sold and at what price. Depending on the pre-established terms, the transaction may be mandatory or optional, and may include one or more parties. Buy/sell agreements are helpful in family business planning [...]