In the May 2016 issue of our monthly flagship publication, we feature: On the Record by Chief Investment Officer Tony Roth. Only fools rush in.In Focus by Senior Managing Director Chris Kreicker, Your values, your world, and your portfolio.Investment positioning, major themes, and asset class positioning updates.The Fed moves. Markets price in expectations. Sometimes too much so, which is pretty much where things stand right now.
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.