Archive for December, 2009

Inheritance Protection Strategies

Thursday, December 31st, 2009

For most people receiving inheritance is a mixed blessing. Heirs receive property or cash from a loved one who has died. During the grieving process, family members aren't thinking about how much money or property they will inherit.Inheritance assets are usually gifted through the decedent's last will and testament. If ...

How Often Should You Review Your Estate Plan?

Wednesday, December 30th, 2009

You paid good money for a comprehensive estate plan to protect your family and assets. So, when was the last time you reviewed it?An old, outdated plan is basically no good to you or your family, so take a little time to have your plan reviewed to make sure it ...

Maximize Tax Benefits With an Irrevocable Trust

Tuesday, December 29th, 2009

An irrevocable trust is a trust which, once set up, cannot be changed or canceled without first getting the permission of the beneficiary. The grantor may not withdraw contributions from the trust. There are certain tax advantages accruing when the trust is irrevocable. Using this type of trust a person ...