Trusts and Income Tax

Trusts and Income Tax: Who Pays? Trusts are an incredibly useful estate planning tool, and they’re becoming ever more popular. But, as Trusts gain popularity, a question comes up more and more often: who pays the income tax on a Trust? It seems like a simple inquiry....

Funding a Trust

Most people believe that after signing their estate plan, that they have done what the needed to do. Of course, they are already ahead of most people. However, the most important part of your estate planning, if you have a Trust estate plan…is to fund that...

Starting Late? Tips For Building Retirement Savings

Maybe you spent most of your early career working paycheck to paycheck. Perhaps your savings went to college funds for your children or paid off old debts. Whatever your circumstances, it’s never too late to build a nest egg. Follow the below tips for building...

New Mom? Prepare Your Estate Plan

If you are a new mom…now is the best time to prepare and execute your estate plan. Estate planning is often one item that gets pushed back on nearly everyone’s to-do list. The reasons you might be delaying vary: lack of time, not thinking you have enough assets,...

Do you need a Will and a Trust?

Everyone wants to protect their families, even after they pass away. That’s the purpose of estate plans. But how do you know if the plan you have in place will actually be effective? The first step is understanding the difference between a will and a trust....

How to Use Trusts to Manage Family Wealth

Many people fail to realize how easy it is to use trusts to manage family wealth. This is probaby due to a lack of knowledge. But trusts are easy to understand. A trust basically establishes a legal entity that holds funds or assets for the person who created the...