Members of a small business corporation discussing a project in front of a laptop

ESTATE PLANNING AND YOUR S CORPORATION     

Leann Poston - September 13, 2022 - Asset Protection

Small business owners have many options when structuring their business and choosing their tax status. One option is an S corporation. The business structure you choose will affect your estate planning, so it is essential to seek the guidance of an experienced estate planning attorney and tax advisor when estate planning as a small business […]

Read More
board with the words mine, yours and ours written on it and a check mark on each representing that all the property is safe for all parts involved

A POUR-OVER TRUST CAN HANDLE YOURS, MINE, AND OURS

Gabriel Katzner - August 26, 2022 - Trust Administration

Many couples, especially those who have been married more than once, have accounts and property that they consider as yours, mine, and ours. Developing an estate plan to determine what happens to accounts and property that belong to one or the other partner in a couple and the account and property that belong to both […]

Read More
clear street with surrounding homes clear skies and a beautiful neighborhood

QUALIFIED PERSONAL RESIDENCE TRUST

Gabriel Katzner - July 26, 2022 - Trust Administration

Why you might need This Trust in the Future? According to the Internal Revenue Service, an estate tax is a tax on your right to transfer your property upon your death. The combined estate and lifetime gift tax limit for 2022 is $12,060,000, a very generous amount when compared to 2004-2005, which was $1,500,000. This […]

Read More
House with a For Sale sign in the front

REAL ESTATE DEEDS USED WHEN FUNDING YOUR TRUST

Gabriel Katzner - July 19, 2022 - Trust Administration

When using trusts in your estate plan, it is essential to fund the trust. Transferring your real estate from personal ownership to the Trust is essential to avoid the expensive and time-consuming probate process. To retitle your real estate in the trust’s name involves recording a deed with the local recording authority. Retitling your real […]

Read More
Dad and children looking at the trusts improvements made accordingly to their needs

COMMON TRUSTS: IMPROVEMENTS TO CHILDREN’S NEEDS

Gabriel Katzner - July 12, 2022 - Beneficiary

Parents want to ensure that their children feel that they are all treated fairly and feel equally valued. However, the reality is that all children do not need the same amount of financial help, especially in different phases of their lives. Parents may want to divide their property and accounts equally among their children in […]

Read More
Couple going through their assets and will their with an attorney

The Importance Of A Statement Of Intent In A Trust

Gabriel Katzner - June 28, 2022 - Trust Administration

Your reason or intent for creating a trust can have significant legal ramifications. And like all intents, to maintain clarity, it is best to put it in writing as a statement. This statement helps ensure your trustee understands why you have chosen to establish a Trust and provides guidelines on managing it. The statement of […]

Read More
why a trust might terminate?

REASONS WHY A TRUST MIGHT TERMINATE

Gabriel Katzner - June 27, 2022 - Trust Administration

At some point a trust might terminate . While trusts can stretch across generations and keep money and property within a family, no trust has unlimited funds or will last an unlimited amount of time. A trust might terminate because: The trust has accomplished its intended purposes. It is no longer economically feasible to have […]

Read More
pour-over will

WHAT’S DIFFERENT ABOUT A POUR-OVER WILL?

Gabriel Katzner - June 20, 2022 - Trust Administration

Most people use wills and trusts to pass accounts and property to their loved ones upon their death. These basic legal instruments can be used separately or together. For example, a revocable living trust can be used in place of a will, but the two are not mutually exclusive. A special type of will known […]

Read More
Safe deposit box with 3 level of trust. Low Medium and high, and a hand turning the lever to high

Trustee: Protect From Claims Of Self-Dealing

Gabriel Katzner - June 14, 2022 - Trust Administration

A trustee is a person who is given control over or the power to administer a trust. This person has a fiduciary duty to the beneficiaries, which means they must put the interests of the trust beneficiaries ahead of their own. Doing so allows them to keep the beneficiary’s trust and faith in their ability […]

Read More
What it's a trustee:: PROTECT YOURSELF FROM CLAIMS OF SELF-DEALING

TRUSTEE: PROTECT YOURSELF FROM SELF-DEALING CLAIMS

Gabriel Katzner - April 4, 2022 - Trust Administration

Estate Planning is something everyone, not just the wealthy ones, should do. Without a legal, defined plan in place, you’re leaving your entire legacy in the hands of the courts. Estate Plans come in many shapes and sizes, but if there’s one thing we know, it’s that the process is definitely not one-size-fits-all. It’s easy […]

Read More