Business Interests Held in Trust

Donald P. DiCarlo and Jeffrey C. Wolken |
My Business

When holding business interests in a trust, it’s important to understand the different structural models for fiduciary decision making.When a business interest is the primary asset in a trust, it can create challenges for both the Trustee and business owner.The trustee’s general fiduciary duty to diversify the trust’s investments may not align with the business owner’s goals.Certain trust features can help to alleviate this conflict.

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The Benefits of QTIP Trusts

Carlo Lombardi |
Wealth Planning
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This estate planning option offers flexibility in the allocation of your estate property while maximizing your tax saving benefits.A QTIP trust serves like a “crystal ball” for the uncertainty of the future for married couples.A QTIP trust is a marital trust designed to provide for your spouse after your death while protecting your assets for future generations.The QTIP trust also offers flexibility to your Executor in maximizing your federal estate tax savings.

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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 extremely effective estate planning tools for minimizing taxes and ensuring your beneficiaries are cared for according to your wishes.

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