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Category Archive for: ‘Estate Planning’

Donor Advised Funds Offer Benefits Now and Later

Many vehicles exist for charitable giving, but one of the simplest and fastest-growing methods is the donor advised fund. A donor advised fund allows the donor an immediate tax benefit as well as the opportunity for continuing involvement in the charitable giving process, including the opportunity to further give to their fund through their estate plan. What Is a Donor …

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Can I Modify an Irrevocable Trust?

Irrevocable trusts are powerful tools.  In addition to their estate planning benefits, they can help meet other family goals, such as providing for those left behind and reducing tax liabilities.  One potential drawback to irrevocable trusts, however, is that they can be difficult to change. While some trusts are irrevocable from the moment they are drafted, others become irrevocable at …

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Tending to Your Living Trust: The Importance of Proper Funding & Other Helpful Tips

A revocable living trust allows the grantor of the trust (the person who establishes the trust) to control trust assets during his or her lifetime and names subsequent beneficiaries of trust assets upon the grantor’s death.  A revocable living trust is commonly used to help avoid the probate process and preserve privacy following a grantor’s death. In addition, administering a …

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