Estate Planning
Last Will and Testament
A properly written Will enables you to dictate how your assets will be distributed to preferred individuals or organizations after your passing. To create a Will, you must be at least eighteen (18) years old and in a sound mental state. Click the button to learn more about Wills.
Revocable Living Trust
For many years now, the revocable living trust has been the primary estate planning tool to avoid probate. Although the living trust has been around for over a century, recent publicity about such trusts has brought them into prominence.
Charitable Trusts
Imagine realizing income, gift and estate tax savings through the use of a single planning strategy. The Charitable Remainder Trust (“CRT”), also known as a Wealth Accumulation Trust, provides just such an opportunity. If you have a desire to participate in a charitable giving program, you should seriously consider implementing a CRT.
Personal Residence Trust
An increasingly popular estate planning tool, the Qualified Personal Residence Trust (“QPRT”), sometimes referred to as a Grantor Retained Income Trust (“GRIT”), is an effective planning technique to reduce the size of your taxable estate. Establishing a QPRT allows you to transfer one or more personal residences out of your estate at a drastically reduced gift tax cost.