What is a credit shelter trust?

Credit shelter trusts are a way for assets to transfer to heirs without paying an exorbitant estate tax. Sometimes, credit shelter trusts altogether avoid tax payments. These types of trusts are also known as Bypass Trusts or AB Trusts. If you are curious about credit...

Ways to transfer an estate’s IP rights

When it comes to transferring wealth through estate planning, a few things may come to mind: houses, possessions and money. But in the case of creatives like authors, artists or inventors, intellectual property is another aspect of that wealth. It is important for...

When is a simple will enough?

A common theme among estate planning articles is that a simple will is not enough. Do not let these articles scare you as, for most people, a will is more than sufficient. According to Dave Ramsey, a simple will is a document that lets you outline what assets you want...

Should you proceed with securing a guardianship?

As your parent ages, you will have to make some difficult decisions about how to ensure he or she remains safe and healthy. There may be a point where you feel he or she is no longer able to take care of or make decisions for him or herself.  If this happens, you may...

An estate plan takes care of many needs

When planning your future, you should think about your family and business and what happens if you are unable to make decisions. Careful estate planning can help assure that these needs are met. An estate plan can assure that there are trusted agents to oversee and...

What is a spendthrift trust?

A spendthrift is a person who spends their money too quickly and often wastes it. From the outside, it appears that they make poor financial decisions that impact their quality of life. While it’s one thing to watch a person do that with money they earned, it’s...

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