If you have significant wealth, one of the best ways to protect your family and transfer your wealth is through a dynasty trust.
The Corporate Transparency Act is designed to increase enforcement and prevention of financial crimes by promoting transparency in business entity structures and ownership.
The new tax relief bill includes an important change that may affect your estate plan as it relates to the change in Massachusetts estate tax law.
Considering the ongoing issues faced by First Republic Bank, we would like to provide further clarity, specifically with respect to coverage limits for revocable trust accounts.
In light of recent events surrounding the collapse of Silicon Valley Bank (“SVB”) and Signature Bank (“Signature”), we would like to provide you with a reminder that Federal Deposit Insurance Company (“FDIC”) deposit insurance coverage is generally higher for trust accounts than standard bank accounts.
We are writing in regard to the recent Supreme Court decision, Dobbs v. Jackson Women’s Health, issued on June 24th and how it may impact the LGBTQ community.
Much of the life insurance purchased over the past 15-20 years for estate planning purposes was of a type known as guaranteed universal life insurance. It was (and is) popular in estate planning because it was generally less expensive to buy than traditional whole life, yet it came with a guarantee such that the risk…
Not normally a big deal. But in this case, the laptop represented access to $145M in cryptocurrency. Apparently, the only access to this money. Talk about making a bad day even worse! According to the news reports, Gerald Cotten, dying unexpectedly at 30 years old, was very concerned about security and used multiple layers of…
For decades a debate raged in legal circles about which documents were better – wills or trusts. Members of the public didn’t really know the difference, but there was a perception that trusts were more complicated and expensive – and were primarily for wealthy people. Those who favored trusts told the story of Ellen. When…
Most of us would like to think that our children and grandchildren could handle a sizeable inheritance. The statistics say otherwise. Some studies have shown that most inheritances are totally gone within 18-24 months of receipt – regardless of the age of the recipient – and regardless of the size of the estate! The truth…