Anyone with a child with special needs understands the need to prepare for the future. A trust is always a good place to start, and figuring out a savings goal for that trust is a key part to your planning.
August 9, 2019
Planning to hand off significant assets, especially a business, to the next generation is a financial decision. However, it is one that also requires the careful handling of a family’s internal dynamics.
May 9, 2019
Gifting can be done for other reasons during life or as bequests at death. The reasons for doing so could be to accomplish non-tax or tax goals.
The trust has a no-contest clause and a lawyer my brother consulted with said that the risk is too great for the return.
April 24, 2019
As the next generation buys out, is gifted, or inherits the farm, what are frequent sticking points that arise?