Dynasty Estate Planning
Children and Money
When Should You Talk to Your Children About Money And Your Estate? Children and money are a tough blend. One or both are at the root of either conflict or oneness in marriage. What should you tell your children about your estate? How much do you tell them about your personal or business finances? How…
Read MoreSpousal Lifetime Access Trust
What is a Spousal Lifetime Access Trust (SLAT)? A Spousal Lifetime Access Trust or “SLAT” is an Irrevocable Trust that: Provides specific support for a spouse for life Is excluded from the taxable estates of both spouses If everything goes as planned, ultimately passes more than the exclusion amount to the children or other designated…
Read MoreFamily Office
The Family Office The “Family Office” is a tool that has long been used by the “ultra-wealthy.” It’s primary function is to consolidate control of family wealth. Such control is, by its nature, necessarily a business activity. In other words, the Family Office runs the business of managing the family wealth. In today’s world, the…
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.…
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