Trusts - Category

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The benefits of a will or living trust are obvious. However, you won’t get the expected advantages without minding the details. Source: Why Most People Need an Estate Plan – MarketWatch

If you die intestate (without a will), the laws of your state determine what happens to your assets and your minor children. So unless you have an inordinate amount of faith in your beloved state legislature, you need a written will to make your wishes known. In addition to drafting a will, you may also […]

There are many reasons why the parents of special needs children should plan their estates carefully, even though their assets may not be anywhere close to exceeding their estate tax lifetime exclusion of $11.18 million for 2018 (double for married couples). Source: Special Needs Trusts: What They Do And How They Work

Thinking about setting up a trust for your family? Learn the differences between revocable and irrevocable trusts and which may be the right fit for you. Source: Revocable vs irrevocable trust: choosing the right one for you | Haven Life

Dynasty trust planning is an estate-planning tool where a trust is established to benefit children and grandchildren. Assets in the trust can grow indefinitely without being subject to estate or gift taxes, and can continue to benefit future generations down the line.

If you own real estate, or have more than modest assets, it’s possible that a living trust is the device for you, although you would still need a will. Barry Gardiner is an expert in all forms of wills, trusts and estate planning, and can help you find the best solution for your specific case.

Merry Christmas from the Law Offices of Barry L. Gardiner.

Living trusts tend to come in two basic flavors: revocable and irrevocable. Most clients will instinctively favor the revocable version. After all, why should they want to put their money into something they can never change, when they could put it into something they retain control over — and can even cancel altogether — instead? […]

Dynasty trust planning…enables effective long-term asset management for various assets, including real estate, stock and private equity investments. Source: Dynasty trust planning: a tax-efficient way to manage wealthy families’ assets