Posts Tagged ‘irrevocable’
NBA Rookie of the Year Uses Irrevocable Trust to Protect His Financial Future
We have all read stories of movie stars, athletes, and other celebrities shoved into the spotlight of fame and wealth, only to end up broke after a successful career because they did not plan for their economic future. One good example is former NBA Rookie of the Year Allen Iverson of the Philadelphia 76ers. Iverson,…
Read MoreMichael Jackson's Estate Illustrates Importance of Creating the Right Type of Trust
We have previously discussed how important it is to set up a Family Trust to protect your assets and legacy for your heirs. However, choosing the type of trust to create is equally as important, as the heirs to pop superstar Michael Jackson’s estate are finding out. As with other deceased celebrities, such as Jimi…
Read MorePest Control Magnate Needed to Work the Bugs Out of His Family Trusts
An ongoing battle in the Georgia courts surrounding the estate of O. Wayne Rollins, the late co-founder of Rollins Inc., a large pest control corporation, illustrates that having a Family Trust in place at the time of your death will not guarantee an easy transition of wealth to the heirs of the estate. As this…
Read MorePest Control Magnate Needed to Work the Bugs Out of His Family Trusts
An ongoing battle in the Georgia courts surrounding the estate of O. Wayne Rollins, the late co-founder of Rollins Inc., a large pest control corporation, illustrates that having a Family Trust in place at the time of your death will not guarantee an easy transition of wealth to the heirs of the estate. As this…
Read MoreW-9 Form To Apply For A Taxpayer Identification Number (TIN)
To help you set-up an irrevocable family trust, here are a few IRS links for information about acquiring a Taxpayer Identification Number (TIN) and for downloading the required W-9 form: U.S. Taxpayer Identification Number Requirement Taxpayer Identification Numbers (TIN) Form W-9 (PDF – Rev. August 2013)
Read MoreRevocable vs. irrevocable: Which trust is right for your client?
Most clients will instinctively favor the revocable version. After all, why should they want to put their money into something they can never change, when they could put it into something they retain control over — and can even cancel altogether … Read more: Revocable vs. irrevocable: Which trust is right for your client?
Read MoreRevocable vs. irrevocable: Which trust is right for your client?
Most clients will instinctively favor the revocable version. After all, why should they want to put their money into something they can never change, when they could put it into something they retain control over — and can even cancel altogether … Read more: Revocable vs. irrevocable: Which trust is right for your client?
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