While not the most favorable RMD rules imaginable, I’m sure it is still a relief to know that you don’t need to navigate the new SECURE Act rules just because you dissolved the trust.
It is helpful to know that a charitable remainder trust exists, but most charitable intentions benefit more from a donor advised fund.
Depending on your situation, outright beneficiary designations could be a cleaner estate planning solution.
Beneficiary designations directly to your heirs are a cleaner estate planning solution.
Oddly enough, how a trust inherits an IRA is as important as what it does with the IRA after receiving it.
Trusts are like Calvinball except that the government is trying to play referee. It is quickly confusing.
Prudent investment practice is as much about knowing what not to do as it is about knowing what to do.
Two rules of endowment investing: 1) Keep an equity bias and 2) diversify.
Endowment spending rates can prove a catalyst for fulfilling or killing the life of the organization itself.
Even if a committee has contracted with “prudent experts,” the Committee never delegates its fiduciary responsibility.
Despite the fact that millions serve in a fiduciary role, many are wholly unaware of their legal responsibilities.
The beauty of trusts is that they are very flexible, and an estate lawyer can help you craft a document that will follow your wishes and give you peace of mind.
The new unified credit changes for estate planning in 2013 have once again changed when you should have provisions for a bypass trust.
“There exists a timeless and flexible process for successful investment management decision making that is specifically tailored for Investment Stewards.”
Many financial products are sold through greed or fear, but estate planning isn’t one of them. Having an estate plan and a living trust is an import part of wealth management.