Over the past two weeks, I’ve looked at the insurance, tax, and asset protection considerations involved in transferring real estate into a trust. This week, I’ll touch on funding issues unique to irrevocable trusts, as well as those unique to revocable trusts. Irrevocable Trusts Typically, there are two categories of issues to consider when deciding whether to transfer real estate into an irrevocable trust. Both stem from the fact that, under normal circumstances, the purpose of these … [Read more...] about To Fund or Not to Fund: What to Know Before Transferring Real Estate to a Trust (Part Three of Three)
Irrevocable Trusts
New Law, New Strategy: Irrevocable Trusts
In my last post, we looked at a Case Study from the Academy’s New Orleans conference. I introduced you to your new clients, James and Susan. They’re a married couple in their late 50’s who met in college and have built a successful business, Widget Corp., amassing a current net worth of just under $20 million. Susan and James have two children. Mark, 35, is married with three children, and Emily, 33, is a newlywed with no children. Susan and James’ estate planning goals are pretty … [Read more...] about New Law, New Strategy: Irrevocable Trusts
