Latest articles by Timothy Barrett, Trust Counsel
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Divorcing a Trustee: Do You Need a Prenuptial?
For any corporate trustee you choose, there should be some minimum requirements, and it’s best to check its reputation ahead of time to find out if its trust relationships end amicably.
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How Community Property Trusts Can Benefit Married Couples
estate planning Getting a step-up in basis when each spouse dies can be a big tax advantage, one that has not been available to those who live in common-law states. However, it may now be – through a community property trust.
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2 Strategies to Reduce Taxes from the Sale of Your Business
small business Long before you sell your business is the right time to explore ways to protect your proceeds from harsh taxation. Two possible strategies: the Qualified Small Business stock exclusion and a non-grantor trust.
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Is Crypto Investing Really Worth It?
cryptocurrency If your interest in investing in Bitcoin or other cryptocurrency is based mainly on a fear of missing out, step back for a second and do some research.
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Should You Own Your Home in Your Trust?
estate planning Homes are illiquid assets that produce no income and come with ongoing costs for upkeep. Those issues can cause some snags with your trust.
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For Entrepreneurs, Confidence in Your Advisers Is Your Most Important Investment
entrepreneurship When your business and estate are at stake, can you really count on the people who are helping you? Trust in your team starts with asking the right questions.
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Generation-Skipping Transfer Tax Basics
tax planning If your estate is big enough, you should know how generation-skipping transfer taxes work, and how to avoid paying more than you must.
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How Does a Spendthrift Trust Differ from an Asset Protection Trust?
estate planning Spendthrift trusts include similar protections to an asset protection trust and are more widely respected in other states, but they also come with their own rules and requirements.
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What Role Should Your Children Play in Your Business Succession Plan?
small business A well-structured business succession plan covers a lot of ground: taxes, trust strategies, market valuations and much more. But some of the trickiest issues involve something much closer to home: your kids. What makes sense and what’s fair?
