Keys to Creating an Effective Trust

Myrian E. Peréz |
Wealth Planning

You expect the trust you create to provide for your beneficiaries’ health, education, maintenance, and support. But how would the trustee handle a discretionary payout? It’s important to design an instrument that will anticipate multiple scenarios and provide tax-saving advantages.Trusts can be effective estate planning tools for minimizing taxes and helping to ensure your beneficiaries are cared for according to your wishes. Often a grantor’s exact wishes are carried out to the letter.

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How Multiple Residences Can Affect Your Living Will

Wealth Planning

Perhaps one of the most important decisions you can make regarding your future is whether you wish to have certain medical treatments administered in the event of your physical or mental incapacity. You may already understand the importance of documenting these wishes and naming the individual you would want to make your medical and financial decisions in the event that you could not. However, despite your well thought-out plans, these advance medical directives may not always be valid.

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Considerations When Serving as a Nonprofit Board Member

Wealth Planning
Wooden armchair in a law library

While writing checks to your favorite charities can certainly be rewarding, many donors crave a more personal connection to the causes they support. For these individuals, serving on a not-for-profit’s board of directors can be a more personal and gratifying means of contributing to a worthy philanthropic cause.However, serving on a board of a nonprofit is not a task to be taken lightly. As in the for-profit world, nonprofit directors have serious oversight responsibilities.

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