Your Business Entity and Estate Planning

Business Entity and Estate Planning

Your Business Entity and Estate Planning The larger the estate, the more likely there will be business entities involved.  A common mistake is for the business entities and the estate planning structures to be disconnected.  When an estate or business plan is “integrated” the parts will all be connected.  For example, a business entity will…

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What is a Trust?

What is a Trust?

What is a Trust? Trust Definition:  What is a Trust?  A Trust is a contract that controls property.  A Trust has three parties.  First, there is the party who creates the trust.  This party is typically called a “Grantor.”  This party may also be called a  “Settlor” or “Trust Maker” or “Trustor.”   Second, there is a Trustee.  The Trustee…

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Stupid Trust Tricks – When Asset Protection Fails

A Trust that was supposed to protect assets from creditors didn’t.  The reason why happens every day with most trusts.  Failure to follow simple guidelines could mean that your trust is vulnerable to the creditors of your children.  “Stupid Trust Tricks” are when people either have the wrong kind of trust for what they want to…

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