QUALIFIED PERSONAL RESIDENCE TRUST (QPRT): PROTECTING YOUR PRIMARY RESIDENCE

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 […]

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Minimizing Estate Taxes: Strategies to Preserve Wealth for Future Generations

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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Funeral planing logo peace of mind plan ahead

QUALIFIED FUNERAL TRUSTS: PREPAY YOUR EXPENSES

Gabriel Katzner - July 19, 2023 - Estate Planning

A qualified funeral trust (QFT) is a type of trust that is used to pay for funeral and burial expenses. It allows people to pre-plan and set aside money to pay for these end-of-life costs without worrying whether long-term care costs will go through all their assets before they are eligible for Medicaid.   A […]

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Lawyer and client shaking hands in agreement

DOMESTIC SELF-SETTLED TRUST FOR ASSET-PROTECTION

Gabriel Katzner - July 11, 2023 - Asset Protection

A self-settled trust is a type of trust in which the settler, or the person who created the trust, is also the beneficiary. This type of trust varies from the typical trust in which the grantor’s assets are conveyed into a trust for the benefit and protection of others. Settlers use a self-settled trust to […]

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Multigenerational family gathered together from great grand parents to great grand sons posing for the picture in casual multicolored clothing

DYNASTY TRUSTS: MULTIGENERATIONAL ESTATE PLANNING

Gabriel Katzner - June 27, 2023 - Trust Administration

A dynasty trust (also known as a perpetual trust) is an irrevocable trust that can span more than two generations. In fact, it can theoretically last forever or as long as the trust money and property remain. As an irrevocable trust, dynasty trusts offer tax minimization and asset protection. Because the rules of an irrevocable […]

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Couple with a world map and notebook planning for their next vacation

AVOIDING COSTLY MISHAPS ON VACATION

Gabriel Katzner - June 19, 2023 - Guardianship

Almost everyone loves an adventure. Some people enjoy the planning aspects of a vacation as much as actually going on the trip. Even the best-laid plans can go awry. That is why it is a great idea to assemble a planning team before going on your next adventure. If you are traveling to another country […]

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Egg being fertilized in-vitro process seen through a microscope lens

IMPACT OF ASSISTED REPRODUCTIVE TECH ON ESTATE PLANNING

Gabriel Katzner - June 12, 2023 - Estate Planning

According to the Centers for Disease Control and Prevention, 326,468 assisted reproduction technology (ART) cycles were performed at 449 clinics, resulting in 79,942 live-born infants in 2020. This is approximately 2% of all infants born in the United States. ART involves all fertility treatments in which eggs or embryos are handled. The main type of […]

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Husband putting a gifted beautiful pearl necklace to his wife

HOW A SPOUSAL LIFETIME ACCESS TRUST WORKS

Gabriel Katzner - June 7, 2023 - Estate Planning

A spousal lifetime access trust (SLAT) is a trust created by one spouse (trustmaker spouse) for the benefit of the other (beneficiary spouse).   This estate planning tool can be used to retain as much control over your property and assets as possible while not paying any more taxes than you have to.   Spousal […]

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Estate Planning draft with conditional statements or milestones

USING MILESTONES TO ADD FLEXIBILITY TO YOUR ESTATE PLANS

Gabriel Katzner - May 16, 2023 - Estate Planning

Your estate plan is a living document. It responds to changes in your life, such as marriages, divorces, births, and deaths. One way to ensure that your estate planning documents remain current is to incorporate milestones. These statements keep your estate plan flexible and are one way to hedge against an unpredictable future. Adding these […]

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falling wooden blocks stopped by a hand

CAN SPENDTHRIFT TRUST PROTECT IRRESPONSIBLE BENEFICIARY?

Gabriel Katzner - May 8, 2023 - Trust Administration

Suppose you have spent your whole life building your wealth. You wanted to provide for your loved ones long-term, well after you were gone. But what if one of your children is a little irresponsible? Imagine a situation where one of your children has access to their inheritance and blows the first distribution in no […]

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