Charitable Planning
Charitable Remainder Trust
A Charitable Remainder Trust is a way to give something to Charity in the future, while retaining the income during one’s lifetime. There are different types. The Numbers let you know if it will work for you. Timing is everything. The charity can be your own Family Foundation
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 MoreStatements of Wishes
STATEMENTS OF WISHES IDENTIFYING VALUES, CREATING INCENTIVES, ESTABLISHING POLICIES Statements of Wishes Statements of Wishes, or what is sometimes called a Letter of Wishes, have long been used in international trusts and off-shore planning. Historically they derived from Testamentary Trusts. For decades, we have used them with inter vivos trusts or living trusts and irrevocable dynasty trusts.…
Read MoreDon’t Create a Nasty Trust Fund Baby
The Danger of the “Trust Fund Baby” I was interviewed about the trust fund baby problem by SuccessCouncil.com after my presentation at FreedomFest (2015). Success Council was interested in getting some practical advice on how to help children inherit wealth without harming themselves, their family and their community. They had a camera on hand and recorded…
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