May 10, 2022—Many parents want to keep their cherished vacation home in the family for future generations but are not sure of the most appropriate method for transferring the property. In this podcast, Director of Wealth Strategies Matthew Lee of Wilmington Trust’s Emerald Family Office & Advisory discusses how holding property in a limited liability company (LLC) may accomplish several goals at once.
Nov. 30, 2021—Gifting assets can help those in need while also providing the donor with potential tax benefits. In fact, a well-planned gifting strategy can reduce certain estate taxes, leaving your beneficiaries with a potentially larger inheritance upon your death. In today’s podcast, Director of Wealth Strategies Matthew Lee explores gifting and the critical role it can play in a successful wealth plan.
August 25, 2020—What is not necessarily top of mind, but also deserves careful consideration, is how the assets that will eventually comprise your estate are titled. This is because how assets are titled will impact how they are transferred at death, which can have a range of planning implications and possibly affect whether an estate plan ultimately achieves its intended goals and objectives.
Help minimize your state income tax liability with a personal trust administered in the First State.