Estate Planning Basics
Learn the essentials around planning and protecting the future for your family and loved ones.
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Why You Should Consider Creating a Testamentary Trust
Testamentary trusts are common estate planning tools for those with minor children. Find out whether this type of trust is right for your situation and how to go about setting one up.
· 4 min read
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Using an Intentionally Defective Grantor Trust to Protect Your Assets
An intentionally defective grantor trust (IDGT) is an estate planning tool that can help preserve your assets for your beneficiaries. Get the details on how they work—and how they might save your beneficiaries from paying exorbitant estate taxes.
· 4 min read
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Getting and Using Letters Testamentary
If you're acting as the executor of an estate, you must first obtain an important document known as letters testamentary. While doing so is not an overly complicated process, there are some points you should know.
· 3 min read
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Creating a Grantor Trust
In certain situations, creating a grantor trust can be an invaluable aid for estate planning purposes. Find out how to create a grantor trust and whether such a trust is the best tool for your estate planning needs.
· 4 min read
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Pros and Cons of a Qualified Personal Residence Trust
A qualified personal residence trust, or QPRT, can provide estate and gift tax savings, but they also can be complicated to set up and maintain. Learn more about how a QPRT works, and whether it fits your estate plan.
· 3 min read
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Pros and Cons of an Asset Protection Trust
Is an asset protection trust right for you? Find out what situations are best for such a trust and how this legal arrangement can assist in your estate planning goals.
· 4 min read
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Trust Account Basics
Trusts often play an important role in the estate planning process. But is one right for your particular situation?
· 4 min read
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5 Reasons to Open an Estate Account
Here are five reasons why it's much better for your executor to administer your estate using an estate account.
· 3 min read
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Navigating New York's Surrogate's Court
There are many steps which must be undertaken by executors going through the NY probate process. Get familiar with the process to improve your chances of a successful probate.
· 3 min read
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The Basics of Conservatorship
Conservatorship is a legal process in which an adult, or sometimes an organization, is given the legal authority to manage an incapacitated adult's care or finances. Get the details on the situations in which this might be necessary.
· 3 min read
