Monthly Archives: December 2022
What is a Charitable Remainder Trust?
A charitable remainder trust (CRT) is a type of irrevocable trust that creates an income stream to a named beneficiary (yourself or other named beneficiaries) for a specified term of up to 20 years or the life of one or more beneficiaries. At the end of that period, the remaining assets in the trust… Read More »
Add a Trust to Your Estate Plan
The first thing that comes to mind when most people think of estate planning is the Last Will and Testament. But there are an estate plan estate planning tools that you should consider, including a trust. A trust is a legal vehicle that allows a third party (the trustee) to hold and manage assets… Read More »
Helping Aging Parents with Estate Planning
Discussing estate planning with your aging parents is challenging but necessary. There will come a time to help your parents create a comprehensive estate plan that will include some tools that will ensure that you can step in and take care of them if they become incapacitated, whether due to a sudden illness, injury,… Read More »