Creating a Charitable Legacy With a Charitable Lead Annuity Trust

Gabriel Katzner - November 10, 2023 - Asset Protection

A charitable lead annuity trust (CLAT) is an irrevocable trust that allows donors to make yearly contributions to the charitable organization of their choice while reducing their estate tax liability and transferring assets to their beneficiaries. This split-interest trust makes it possible to fulfill charitable giving and family wealth transfer goals. You can establish a […]

Equity Stripping: Leveraging Mortgages to Protect Real Estate Holdings

Gabriel Katzner - October 25, 2023 - Asset Protection

Equity stripping is a set of financial strategies used to protect assets, such as real estate, from creditors. The goal of equity stripping is to reduce the equity in the property to the smallest possible, to make the property less appealing to potential claimants. Home equity is the difference between your home’s market value and […]

Family Limited Partnerships (FLPs): Preserving Family Wealth Through Strategic Ownership

Gabriel Katzner - October 15, 2023 - Estate Planning

Families who operate a business or jointly own real estate or other assets may take advantage of a family limited partnership (FLP) or a limited liability company (LLC) to protect their family’s assets, reduce estate taxes, and transfer wealth between generations while maintaining control of the business or other assets. What is a family limited […]

Domestic Asset Protection Trusts: Safeguarding Your Wealth Within the United States

Gabriel Katzner - October 13, 2023 - Asset Protection

How can you be a beneficiary of your trust and protect your assets in the trust simultaneously? Generally, if you place your assets in a trust and name yourself as a beneficiary, you cannot also benefit from asset protection. If you have a say in how the assets in your trust can be used, then […]

Legacy and Charitable Giving: Leaving a Lasting Impact on the World

Gabriel Katzner - October 4, 2023 - Estate Planning

While charitable contributions or donations can help you lower your taxable income, they also enable you to positively impact society by addressing a specific need you have an interest in. Charitable contributions can consist of donated money, time, resources, or other assets that are given to charitable organizations to improve the overall well-being of people, […]

Estate Planning Must Haves

Gabriel Katzner - September 15, 2023 - Estate Planning

Do you have a Last Will and Testament? Only about half of U.S. adults have one, according to a Gallup poll. Writing a will is a great start in drafting an estate plan, but an estate plan is much more comprehensive than drafting a will or even having a trust. Consider for a minute the […]

Qualified Personal Residence Trust (QPRT): Protecting Your Primary Residence

Gabriel Katzner - September 14, 2023 - Estate Planning

Jackie, a 70-year-old widow, has an $18 million estate. She owns a home valued at $3 million. She has two married daughters and 12 grandchildren. Jackie wants to reduce her estate taxes and pass her home to her daughters as joint owners. She would like to live in the home until she dies. Qualified personal […]

Charging Order Protection: Preserving Business Assets From Personal Liabilities

Gabriel Katzner - August 30, 2023 - Asset Protection

Charging order protections are court orders for creditors, allowing them to receive distributions from a business that would otherwise be paid to a debtor. Charging order laws vary by state, but they should balance a creditor’s rights with the importance of maintaining the business’s operational integrity. What are limited liability entities? Limited liability entities (LLEs) […]

Do You Need a Will, a Trust, or Both?

Gabriel Katzner - August 29, 2023 - Trust Administration

A comprehensive estate plan provides peace of mind that your assets will be distributed to your loved ones upon your death exactly as you intend. A last will and testament and a trust are two estate planning tools that serve slightly different purposes, complement each other well, and are frequently part of an estate plan. […]

Minimizing Estate Taxes: Strategies to Preserve Wealth for Future Generations

Gabriel Katzner - August 10, 2023 - Asset Protection

Minimizing estate taxes requires careful planning and taking the time to consider multiple different strategies. Since estate tax laws vary by state, it is essential to consult with an estate attorney to determine the most suitable strategies for your particular circumstances. Here are ten common strategies used to reduce estate taxes. 1. Charitable trusts and […]

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