You may have concerns when you are planning your estate. Leaving money to a loved one can seem like a completely satisfying thing, but a windfall of money can sometimes have a negative impact. This is especially true if the person receiving the inheritance has not reached his or her full potential. It is possible to be prepared for this type of situation through the creation of a legal device called an incentive trust. Stipulations When you create and fund an incentive trust, you name a … [Read more...] about What Is an Incentive Trust?
Free Report: What is California Legacy Planning
Legacy planning is not all about money, but we should begin by looking at the potential impact of the federal estate tax. Most people are not exposed to this tax, but those who are vulnerable should take steps to gain estate tax efficiency. Topics covered in this report include: Preserving Monetary Resources Charitable Giving Family heirlooms Ethical Will Educational Opportunities Click here to read the whole article or download the PDF. … [Read more...] about Free Report: What is California Legacy Planning
A New Hobby to Bridge Generations and Create Lasting Memories
Assuring that our loved ones inherit our assets is a key component to effective estate planning. However, one of the most valuable legacies we can leave are memories. Your family will appreciate the assets you pass on, but they will treasure the memories and stories you leave behind even more. Just imagine all the memories you can leave, and the fun you can have with your family and friends, by making photography and archiving precious photos your new hobby. Many of us have boxes or albums … [Read more...] about A New Hobby to Bridge Generations and Create Lasting Memories
California Legacy Wealth Planning: What Is It?
The process of estate planning is going to mean different things for different people. What is important to one family may not be important to another. One of the deciding factors will be the extent of the estate in question. If you are simply transferring a relatively modest store of assets to your children and there is no estate tax responsibility, you are in a particular situation. However, if you have been extraordinarily successful throughout your life from a financial perspective, you must … [Read more...] about California Legacy Wealth Planning: What Is It?
Manzarek Dies; Legacy Intact
The way that you will be remembered after you pass away is considered to be your legacy. You can keep this in mind when you are making decisions throughout your life, and legacy planning is a very real facet of a comprehensive estate plan. Part of this is keeping your reputation intact as you build a substantial body of work. If your work is something that will continue to exist after you pass away, your legacy will have a particular solidity to it. Such is the case with the recently deceased … [Read more...] about Manzarek Dies; Legacy Intact
