Whom Should I Choose as my Trustee?

Wealth Planning

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.

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Passing on Wealth and Values with Irrevocable Trusts

Anthony W. Lunger, CTFA |
Wealth Planning

After a lifetime of accomplishment, wealthy individuals often want their legacies to reflect not only what they did, but who they were.An irrevocable trust is an important financial planning tool for minimizing estate taxes.It also offers a unique ability to transfer to succeeding generations the values that guided the trust’s creator.Passing on personal values through irrevocable trusts may also involve a family’s philanthropic goals.

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Making Sense of Spousal Trusts

Carlo Lombardi |
Wealth Planning
Spousal-Trusts-NC.jpg

One of the most effective ways to provide for your spouse after your death is through the use of what is commonly called an “A/B” trust arrangement, or a spousal trust.This type of trust not only provides a financial resource for your spouse, but it also assures that your assets are ultimately distributed according to your wishes.It is also designed to ensure that your heirs do not incur any more estate taxes than are absolutely necessary.

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