Living Trusts
Living trusts have grown in popularity over the last two decades. A living trust (or an inter vivos trust) is a common estate planning tool as well as a tool to manage a person’s assets while they are alive. As its name suggests it is a type of trust created during one's lifetime and is managed for the benefit of the person who creates it. The participants in a trust …
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Estate Taxes: How to Legally Minimize Your Obligation
People often say that there two things that unavoidable in life: death and taxes. So, to some it seems unfair when the two coincide and estate taxes are required to be paid on the assets that remain at the time of their death. The estate tax rate is 45%, or almost one half of the assets left in your estate. Accordingly, many people are interested in learning how to minimize …
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