Estate Planning

An Irrevocable Life Insurance Trust (ILIT) is a powerful asset protection tool used in estate planning to help manage and distribute assets efficiently, minimize estate taxes, and provide liquidity to an estate.

Passing on your business to the next generation by creating management (how your business will be managed if you are gone) and business succession plans (how your business will be owned) will help you get the most value for your business and hopefully, avoid hurting family and business partners. (Read more...)

A dynasty trust is a long-term, irrevocable trust designed to pass on and manage wealth for multiple generations. It allows individuals to transfer assets, such as money, property, investments, or closely-held business interests into a trust for beneficiaries (typically family members) while minimizing estate tax, gift and generation-skipping transfer (GST) taxes and protecting the assets from creditors and potential squandering.

A self-canceling installment note (SCIN) is a promissory note that contains a provision under which the buyer’s obligation to pay automatically ceases in the event that the seller dies before the note’s maturity date. SCINs are typically used in family business transfer situations.

An IRA (individual retirement account) trust is a special type of trust that can be designated to receive distributions from an IRA to gain asset protections such as spendthrift protection, creditor protection and divorce protection, special needs trust protection and achieve "dead hand control".

A Minor’s Trust is one solution! This trust allows you to gift assets for the benefit of a minor child while ensuring that a designated trustee correctly handles the trust until the child is 21.

A special needs trust (SNT) is a trust designed to assist a disabled child or beneficiary so that they can continue to receive government benefits (Medicaid or Supplemental Security Income (SSI) or other state provided benefits) and still receive funds from the trust.

What is a Spousal Lifetime Access Trust (SLAT)?  A SLAT allows your spouse to access the assets you deposit into the trust. It can also give your kids and descendants access to the trust assets during or after your spouse’s lifetime.