SMART CONTRACTS FOR ESTATE PLANNING

Gabriel Katzner - January 8, 2024 - Estate Planning

Storing estate planning documents can be challenging. The location needs to be safe from natural disasters and secure. On the other hand, if the documents are too far out of sight, they will be out of mind, meaning they won’t be updated after marriages, divorces, deaths, and births. Blockchain provides a safe and secure way […]

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HOW CAN BLOCKCHAIN HELP WITH ESTATE PLANNING?

HOW CAN BLOCKCHAIN HELP WITH ESTATE PLANNING?

Gabriel Katzner - December 19, 2023 - Estate Planning

Blockchain is, at its core, a distributed and immutable digital ledger. Because it records transactions across multiple computers, it ensures security, data integrity, and transparency. Blockchain does not rely on trust. While each individual holding cryptocurrency is anonymous, blockchain records are public and not issued by any centralized authority. Each transaction or contract must pass […]

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ESTATE PLANNING DISTRIBUTION

ESTATE PLANNING DISTRIBUTION

Gabriel Katzner - December 14, 2023 - Estate Planning

Lisa and Ken (both age 65) have three children and seven grandchildren. The couple has a last will and testament, but as they age and have grandchildren, they plan to meet with their estate attorney to update their estate documents and discuss how to best allocate and distribute their assets to their children and grandchildren. […]

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CRYPTOCURRENCY IN ESTATES AND TRUSTS

CRYPTOCURRENCY IN ESTATES AND TRUSTS

Gabriel Katzner - November 30, 2023 - Estate Planning

Digital assets such as cryptocurrency and non-fungible tokens are increasingly important when estate planning. Unlike physical assets, cryptocurrency, with its decentralized and borderless nature, presents unique challenges but also opportunities for people looking to secure and maximize their wealth and pass it on to future generations. The cryptocurrency market is estimated to exceed $3 trillion. […]

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IMMUTABLE ASSET OWNERSHIP RECORDS

IMMUTABLE ASSET OWNERSHIP RECORDS

Gabriel Katzner - November 27, 2023 - Estate Planning

When physical property that has a significant value is transferred from one person to another, the title is also transferred to indicate that the property is wholly owned by the new owner. Some digital assets, such as cryptocurrency and non-fungible tokens, may also be of significant value, so how is digital ownership transferred? Digital technologies […]

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spousal lifetime access trust

SPOUSAL LIFETIME ACCESS TRUST (SLAT): PRESERVING ASSETS FOR YOUR SPOUSE AND FAMILY

Gabriel Katzner - November 16, 2023 - Trust Administration

Ken, age 65, a widower, has recently married Kellie, age 49. Ken has two adult children who are both very active in their family business. Kelly has an adult daughter, who is married with two children and currently lives in Europe. Ken’s estate is valued at approximately $35 million. He wants to ensure that Kellie […]

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charitable lead annuity trust

CREATING A CHARITABLE LEGACY WITH A CHARITABLE LEAD ANNUITY TRUST

Gabriel Katzner - November 10, 2023 - Estate Planning

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 […]

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FAMILY LIMITED PARTNERSHIPS (FLPS): PRESERVING FAMILY WEALTH THROUGH STRATEGIC OWNERSHIP

FAMILY LIMITED PARTNERSHIPS (FLPS): PRESERVING FAMILY WEALTH THROUGH STRATEGIC OWNERSHIP

Gabriel Katzner - October 15, 2023 - Asset Protection

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 […]

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LEGACY AND CHARITABLE GIVING: LEAVING A LASTING IMPACT ON THE WORLD

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, […]

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