Category Archives for "Financial Estate Planning"

Jul 23

Before Agreeing to Serve as Trustee, Carefully Consider the Duties and Obligations Involved – Part 2

By Shane Jasmine Young, Esq.

Being asked to serve as trustee can be a huge honor—but it’s also a major responsibility. Indeed, the job entails a wide array of complex duties, and trustees are both ethically and legally required to effectively execute those functions or face significant liability. To this end, you should thoroughly understand exactly what your role as trustee […]

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Jul 06

Donate Appreciated Assets to Charity Instead of Selling Outright For Tax and Income Benefits Using a Charitable Remainder Trust

By Shane Jasmine Young, Esq.

If you have highly appreciated assets like stock and real estate you want to sell, it may make sense to use a charitable remainder trust (CRT) to avoid income and estate taxes—all while creating a lifetime income stream for yourself or your family AND supporting your favorite charity. A CRT is a “split-interest” trust, meaning it […]

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Apr 06

How and When to Talk to Your Children About Money

By Shane Jasmine Young, Esq.

Whether you consider yourself wealthy or not, you need to think about how (and when) you’ll talk with your children about money, whether they’re little kids, tweens, teens, or already adults. The Wall Street Journal article “The Best Way for Wealthy Parents to Talk to Children About Family Money” offers guidelines for how and when “the […]

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Mar 09

Choosing the Right Life Insurance Policy

By Shane Jasmine Young, Esq.

How do you choose a life insurance policy? While purchasing life insurance may seem pretty straightforward, it’s actually quite complex, especially with so many different types available.In order to offer some clarity on the different types of policies out there, we’ve broken down the most popular kinds of life insurance here and discussed the pros […]

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