Motivating your children to achieve financial independence beyond their trust payouts. Family incentive trusts offer innovative strategies for distributing wealth while passing on the family’s work ethic to the next generation.Parents can specify almost any rules they want, reflecting their desire for their heirs to seek higher education or to set up a successful business.
Realizing the dream of owning your own medical or dental practice takes forethought and careful planning.The financial considerations are key to helping you make the decision to step out on your own and start your own practice.What type of medical practice financing do you need to make this dream a reality—a term loan or a line of credit, or both—and can you afford to take this next step?Starting with a review of your finances and cash flow needs is an important first step.
Delaware enjoys international renown for its trust and tax law advantages and its innovative estate planning vehicles. Delaware has a well thought-out body of trust laws; a supportive legislature, executive branch, and legal and banking community; and many institutions that compete for trust business.Benefits of having a trust in Delaware include tax advantages, creditor protection, flexible distribution rules, and others.