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One of the first steps in organizing any new business is to determine which type of business entity should be formed. While this analysis may seem simple and straight forward, there are often a number of complex issues that must be considered. Read More
A Dynasty Trust is a trust that lasts for a long period of time, often multiple generations. Clients can achieve great economic benefits through the use of Dynasty Trusts. Read More
In simple terms, a Grantor Trust is a trust in which the grantor, the creator of the trust, retains one or more powers over the trust and because of this the trust’s income is taxable to the grantor. Read More
With the notable exception of retirement plans, IRA and life insurance, joint tenancy ownership can be used on almost all types of property. When considering holding property jointly, note that there are several types of joint ownership. Read More
Clients who wish to integrate charitable planning into their estate plans have a variety of options, such as outright gifts during lifetime, a bequest in a Will or Trust or, among other choices, the establishment and gift to a private charitable foundation. Read More
A Power of Attorney for Health Care allows a person (the “Principal”) to delegate to another person (the “Agent” or “Attorney-In-Fact”), which is often a family member or trusted friend, the power to make health care decisions on behalf of the Principal if he or she is unable to make such decisions. Read More
A Power of Attorney for Property allows a person (the “Principal”) to delegate to another person (the “Agent” or “Attorney-In-Fact”), which is often a family member or trusted friend, the power to make decisions regarding the Principal’s assets, finances, bank accounts, and other types of property, including real estate. Read More
Probate is a legal process in which a probate court settles the estate of a deceased individual (the “decedent”). The process of probating a decedent’s estate involves gathering and accounting for the assets of the decedent, payment of debts, taxes, claims and costs of administration of the decedent and distribution of probate assets to the beneficiaries. Read More
A Revocable Trust is a popular vehicle for titling and management of one’s assets during lifetime, in the event of disability and upon death. The primary purpose of this type of trust is to establish a structure to manage assets for its intended beneficiaries. Read More
A trust is a legal relationship in which one or more persons or entities (the "trustee") is empowered by the grantor (also known as the "trustor" or "settlor") to hold legal title to property in a fiduciary capacity and manage it for the benefit of one or more persons or charities (the "beneficiaries"). Read More
A Will (also known as a “Last Will and Testament”) is a written declaration of a person’s intentions as to the disposition of his or her property taking effect at death. The primary purpose of this document is to establish a structure to govern and distribute probate assets. Read More
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