Posts Tagged ‘beneficiaries’
New Tax Laws Make Some Trusts' Investment Income Taxable in 2014
An article published on Bloomberg’s website BNA.com reported on recent changes to the tax laws that make some trusts’ previously-exempt net investment income taxable in 2014. According to the report, Adrienne Mikolashek, an attorney with the IRS Office of Chief Counsel, stated, “Once a trust distributes net investment income to a beneficiary under the Internal…
Read MoreGenerational Success with Inheritance: Develop Balance and Eliminate Sources of Conflict
Typical estate plan legal documents and financial plans cannot address issues concerning the meaning of legacy, how it is created, and where money comes into the picture. Most of these documents do not have language for discussing true wealth – the intangible and tangible values of family, personal capabilities, education, values, faith and gifts to…
Read MoreGenerational Success with Inheritance: Develop Balance and Eliminate Sources of Conflict
Typical estate plan legal documents and financial plans cannot address issues concerning the meaning of legacy, how it is created, and where money comes into the picture. Most of these documents do not have language for discussing true wealth – the intangible and tangible values of family, personal capabilities, education, values, faith and gifts to…
Read MoreEstate Planning: The Art of Bonsai Symbolizes Our Approach to Legacy
The art of bonsai is a valued treasure that is handed down through generations. Some trees can live from 600 to 800 years or more. The Asian elite has embraced this art to help guide the soul and train the mind. There is no real completion time or end. As the tree grows and changes,…
Read MoreEstate Planning: The Art of Bonsai Symbolizes Our Approach to Legacy
The art of bonsai is a valued treasure that is handed down through generations. Some trees can live from 600 to 800 years or more. The Asian elite has embraced this art to help guide the soul and train the mind. There is no real completion time or end. As the tree grows and changes,…
Read MoreCommon Estate Planning Mistakes Made by Farmers
Many people think that “estate planning” is really just hiring a lawyer to draft a Last Will and Testament; however, it’s more complicated than that… Keeping in mind the client’s objectives, the estate planning lawyer will help guide the client through the myriad of options available to decide the best strategy at that particular juncture…
Read MoreBest Estate Plan for You, Your Family, Heirs, and Beneficiaries
To create the perfect estate plan for you and your family, our goal is to help you match your vision of what an estate plan should be with your priorities for the future. We believe, a good estate plan should (1) ensure your life-long comfort, (2) create eternal peace of mind, and (3) establish a…
Read MoreLoan From Trust To Buy A House Can Be At Zero Percent Interest, But May Not Be Best Option
Using family financial trusts to lend money for the purchase of homes or property, as discussed from a financial perspective in the related news article below, more likely does not involve a legacy family property. With this type of transaction, the financial trust becomes something of a bank or landlord. These roles can expose trust…
Read MoreLoan From Trust To Buy A House Can Be At Zero Percent Interest, But May Not Be Best Option
Using family financial trusts to lend money for the purchase of homes or property, as discussed from a financial perspective in the related news article below, more likely does not involve a legacy family property. With this type of transaction, the financial trust becomes something of a bank or landlord. These roles can expose trust…
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