Estate Planning for the Modern Family: Why Trusts Still Matter

Sharon L. Klein |
Wealth Planning
Multi racial step family preparing for barbecued lunch in garden, bonding, togetherness, food and drink

Comprehensive estate planning allows individuals and couples to maximize control over where their assets will go upon their death — while helping to minimize taxes so they can leave as much as possible to each other, their loved ones, and charitable causes.While this sounds simple enough, most laws regarding how estates are handled are designed with a traditional nuclear family in mind—a husband and wife and their biological children. Although the U.S.

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The Evolution and Challenges of the Trust Industry

Jeffrey C. Wolken |
Wealth Planning
Trust-Evolution.jpg

The trust industry: A brave new worldOver the past half-century, the role of a trustee has evolved rapidly along with the trust industry itself. We have seen a transition in the investment standards guiding trustees from a “prudent man” using legal lists to a “prudent investor” employing modern portfolio theory.

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