Living Will Best Way Out
A Living Will is generally the last document a person uses in their life. A Living Will may or may not contain or be used in connection with a “DNR” or Medical Directive. When the Living Will is invoked, someone is checking out for good. That is typically not a laughing matter. Recently, a client…
Read MoreDonor Advised Fund Family Foundation
What is a Donor Advised Fund? A Donor Advised Fund (or “DAF”) is the quickest, easiest, and most cost effective way for anyone to establish a charitable Family Foundation. Among other benefits, it enables families to focus on the fun and meaningful activities (charitable giving), and outsource the tedious issues (accounting, IRS compliance, tax reporting,…
Read MoreLimited Partnership – Legal Services
Limited Partnership (LP, LLP, LLLP) With rare exceptions, when we form a LP, we prepare complete documentation as needed for the LP to operate, function, and carry out its intended business purposes. Often, a Business Limited Partnership will operate as a “Family Bank” and serve as a parent entity to own other assets and subsidiary…
Read MoreIrrevocable Family Fortress Dynasty Trust – Legal Services
Irrevocable Family Fortress Dynasty Trust Irrevocable Family Fortress Dynasty Trust – Legal Services include establishing an an Irrevocable Dynasty Trust outside of taxable estate with provisions for life insurance, multi-generation capital growth and preservation, gifting, and income provisions. Such a Trust becomes valuable and important in legal planning when 1) the estate is over the…
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