Taking into account your potential inheritances, as well as your current real estate, tangible personal property, and investments might be enough to warrant pre-wedding planning. Most think a prenuptial agreement is the best way to solve this problem. Prenuptial agreements have gained in popularity over the years, but don’t think that a prenup is the only option for anyone seeking to protect assets from a potential divorce....
When Selecting a TrusteeThe most important qualities are honesty, stability, dependability, organization, financial experience, and the ability to devote time and energy on an impartial basis for the benefit of all Beneficiaries. The Trustee is the most pivotal and critical part of any Trust Agreement. Selecting a trustee is very important. So choose wisely. Read on to learn the aspects that constitute a trust and how selecting...
We’re asked often “should I use a QPRT as asset protection”? When you have worked hard and invested time, effort and money to increase the value of your property, then it makes sense for you to hand the family home over to your children. The Qualified Personal Residence Trust (QPRT) has been used to reduce taxes and avoid probate while permitting parents to live in their homes. At...
