Category Archives for IRA Trust

Couple getting married and staring deeply into each other's eyes

The Lifetime QTIP Trust

Estate planning for couples in a second or later marriage who have disproportionate estates can be tricky.  One solution for allowing the well-to-do spouse to maintain control of their assets but keep their other half happy is the Lifetime QTIP Trust.

The Basics of Creating a Lifetime QTIP TrustContinue reading

Old man carefully pouring red wine into a wine mixer

Decanting: How to Fix a Trust That Isn’t Getting Better With Age

While many wines get better with age, the same cannot be said for some irrevocable trusts.  Maybe you’re the beneficiary of trust created by your great grandfather over seventy years ago that no longer makes sense.  Or maybe you created an irrevocable trust over twenty years ago that no longer makes sense.  Is there any way to fix an irrevocable trust that has turned from a fine wine into vinegar?  You may be surprised to learn that under certain circumstances the answer is yes, by “decanting” the old broken trust into a brand new one.Continue reading

Large silver safe with the door closed

Caution: Your Traditional Asset Protection Plan is Set Up to Fail

You may be surprised to learn that not only has asset protection planning been around for a long time, but you have already engaged in it at some point during your life.  In fact, you probably have one or more types of traditional asset protection planning in place at this very moment.  The problem is in many cases the type of planning you have right now won’t be enough to protect you and your family.Continue reading

Two red beach chairs facing the ocean

5 Most Expensive States for Retirees in 2015

While there are many factors to consider when choosing the place where you will retire, the ones that will impact your wallet may be the most important.  Why?  Because having a low crime rate and beautiful weather will be irrelevant if high costs deplete your retirement nest egg faster than anticipated.Continue reading