Transferring your values, not just your valuables.Transferring more than material wealth has become increasingly important.An ethical will enables you to transmit your values to the next generation.It may include your personal beliefs and philosophy, and even important family history.
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.
Take a look at this popular way to shift wealth with a minimum of tax consequences for you or your heirs.The intrafamily loan can be a simple and effective wealth transfer strategy, and is often underutilized.With an intrafamily loan, parents can provide a financial resource to their children for a specific use, or create a trust for their benefit.
