Discover the pros and cons of purchasing and leasing aircraft. Some companies may be subject to requirements prohibiting aircraft ownership due to shareholder or insurance liability concerns.A lease arrangement may be more flexible than purchase of an aircraft.An experienced professional can customize provisions and options in your aircraft lease to meet the specific business, tax, and accounting requirements of your company.
One estate planning option to help reduce your taxable estate and protect assets for beneficiaries. A discretionary sprinkling trust is designed to provide distributions to those beneficiaries who need them the most.The trustee is given the discretion to “sprinkle” income and/or principal among several beneficiaries or to let it accumulate in the trust.
The language of a trust agreement must be carefully crafted to balance your wishes with the powers of the trustee and the needs of beneficiaries.Trusts can be extremely effective estate planning tools for minimizing taxes and ensuring your beneficiaries are cared for according to your wishes.Choosing the provisions for distributions is a balancing act, with tax consequences on one side of the scale and the wishes of the grantor on the other.