When selecting a trustee, be sure you understand all of the duties required before you name someone who may not be ready to take on the task.It’s not just about honesty and integrity, but also about understanding complex tax, administrative, and regulatory issues.Friends and relatives may not have the time, resources, and knowledge to effectively carry out your wishes.Corporate trustees offer stability, experience, and the skills required to manage your trust.
Learn how to limit risk and save taxes when diversifying a concentrated stock position.A portfolio that is top-heavy in one security poses tremendous downside risk, so it’s critical to employ diversification strategies.These strategies can help an investor hedge, monetize, and diversify out of a concentrated equity position while deferring capital gains tax.
Estate settlement should be as straightforward and non-disruptive as possible for your family.
Proper planning can make estate settlement a smooth process for all concerned by ensuring that all legal and tax requirements are met.
Having a current will in place is a critical first step and will ensure that your wishes are carried out as you intend.