Preservation | Family Wealth Protection & Planning

Subscribe

Blog Editors

Topics

Archives

By Serafina Nicolais on July 30, 2018 at 10:10 AM

Hands protecting a drawing of money on a chalkboard, with a bunch of chalk question marks surrounding itMany people who create irrevocable trusts are uncomfortable giving up control of their assets to a trustee, especially a corporate trustee. Even if the trustee is a trusted individual, it is increasingly likely that the trust could last for many years. As a result, the trustee may experience changes in the law that could negatively impact carrying out the settlor’s intent. The following Q&A addresses ways to mitigate concern with a long-lasting irrevocable trust by using a trust protector.

Facebook Twitter LinkedIn Google+ Email
By Serafina Nicolais on February 16, 2018 at 11:52 AM

Dancer showing Michael Jackson's "toe stand" dance moveWhen Michael Jackson died in 2009, he left behind a convoluted legacy that has presented issues for fans and tax collectors alike, and the legal repercussions are ongoing.

At the time of his death, Jackson’s reputation had suffered from allegations of child abuse, drug use and erratic behavior. The circumstances of his death, however, heightened fans’ sympathy for the tragic “King of Pop.” Because of this, Jackson’s estate is embroiled in a legal dispute with the IRS over the value of Jackson’s name and likeness.

Facebook Twitter LinkedIn Google+ Email
By Serafina Nicolais on December 28, 2017 at 10:15 AM

Calendar turning from 2017 to 2018Congress has passed the Tax Cuts and Jobs Act, a sweeping overhaul and reform of the federal tax code that takes effect Jan. 1, 2018. Below are several actions to consider taking before year-end that may reduce income taxes. In most cases, these suggestions apply to both individuals and trusts.

Facebook Twitter LinkedIn Google+ Email

This website uses cookies to improve functionality and performance. If you choose to continue browsing this website, you consent to the use of cookies. Read our Privacy Policy here for details.