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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ESTATE PLANNING MUST HAVES

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 […]

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

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

Gabriel Katzner - September 14, 2023 - Trust Administration

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 - Estate Planning

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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