Category: Trust & Estate Planning

Answer the Questions Before Your “Important People” Have to Ask: Write a Direction Memo™

Post author By Paul Caspersen
Post date April 21, 2022

Your Direction Memo™ can help you answer difficult questions that your loved ones may have after you're gone. By writing out your wishes and intentions, you can provide peace of mind and clarity for those who remain. Some questions your Direction Memo can help answer include: - Who will handle my estate? - How do […]

You are unauthorized to view this page. For more information on access please visit the membership page. Thank you very much.

Estate Planning Checklist Titling of Assets Trust & Estate Planning

Implementation: The Overlooked Step in Estate Planning

Post author By Paul Caspersen
Post date April 20, 2022

When it comes to estate planning, many people focus on creating a will and revocable trust. While these are undoubtedly essential documents, they are not the only ones you need to protect your assets. Another critical factor in estate planning is implementation - making sure all of your estate documents are signed and that all […]

You are unauthorized to view this page. For more information on access please visit the membership page. Thank you very much.

Tags Asset titling, implementation

39 Wealth Management Issues Trust & Estate Planning Wealth Transfer Through Estate

What is Portability for Estate and Gift Tax?

Post author By Paul Caspersen
Post date November 11, 2021

Portability is the term used to describe a new provision in federal estate tax law that allows a widow or widower to use any unused federal estate tax exemption of his or her deceased spouse to shelter assets from gift tax during the surviving spouse’s life and estate tax at the surviving spouse’s death. Portability […]

You are unauthorized to view this page. For more information on access please visit the membership page. Thank you very much.

39 Wealth Management Issues Executor/Trustee Issues Pre and Post-Marital Agreements Titling of Assets Trust & Estate Planning

Choosing an Estate Planning Attorney

Post author By Paul Caspersen
Post date November 11, 2021

Although any lawyer can draw up a simple will for straightforward situations, such as naming the beneficiary of one's 401(k), seasoned trust-and-estate lawyers can help navigate more complicated situations involving several trusts and multiple heirs. Questions for Your Potential Estate-Planning Lawyer The following questions will help you learn about estate planning and determine if a prospective estate […]

You are unauthorized to view this page. For more information on access please visit the membership page. Thank you very much.

Tags estate attorney, select attorney

39 Wealth Management Issues Charitable Planning Retirement Funding Retirement Planning Titling of Assets Trust & Estate Planning Wealth Transfer Through Estate

Designating Beneficiaries for Retirement Accounts

Post author By Paul Caspersen
Post date August 5, 2021

A beneficiary designation is a way to transfer an asset to an individual, organization, or multiple beneficiaries upon the owner's passing. For financial accounts such as individual retirement accounts (IRAs), a beneficiary designation is typically a paper or electronic form provided by the account custodian, which allows the account owner to designate who will receive the asset upon their passing.

You are unauthorized to view this page. For more information on access please visit the membership page. Thank you very much.

Tags beneficiary designation, retirement assets, transfer on contract

39 Wealth Management Issues Lifetime Gifting to Children/Descendants Trusts

What is a QPRT?

Post author By Paul Caspersen
Post date August 2, 2021

Qualified Personal Residence Trust Properly drafted, the Qualified Personal Residence Trust (“QPRT”) is designed to transfer a personal residence or vacation home to your beneficiaries in the future using today’s valuation. The trust works like this: the residence is valued and transferred to the trust after the trust is drafted and signed. The donor retains […]

You are unauthorized to view this page. For more information on access please visit the membership page. Thank you very much.

Tags QPRT, Qualified Personal Residence Trust

39 Wealth Management Issues Estate Planning Checklist Executor/Trustee Issues Financial Planning Titling of Assets Trust & Estate Planning Trusts

Checklist to “Fund” a Revocable Living Trust

Post author By Paul Caspersen
Post date July 22, 2021

Creating your Trust is just the first part of the Estate Planning process. After you sign your Trust document, the next step is to fund the trust. The method of funding a trust involves transferring assets to it. Tips for Funding a Trust This guide is meant to serve as a helpful starting point for […]

You are unauthorized to view this page. For more information on access please visit the membership page. Thank you very much.

39 Wealth Management Issues Advanced Health Care Directives Estate Planning Checklist Trust & Estate Planning

Estate Planning and Your New Adult Child’s Health: The Suite of Advance Healthcare Documents

Post author By Paul Caspersen
Post date July 18, 2021

Estate Planning and Your New Adult Child's Health: The Suite of Advance Healthcare Documents

You are unauthorized to view this page. For more information on access please visit the membership page. Thank you very much.

Tags estate planning

Durable Power of Attorney Issues Estate Planning Checklist

What is a Power of Attorney?

Post author By Paul Caspersen
Post date February 17, 2021

Power of Attorney An important aspect of detailed estate planning is appointing a trusted individual to act as a financial power of attorney to work on an individual’s behalf should they become temporarily incapacitated. A financial power of attorney can be set up to spring into effect only if the individual is deemed medically unable […]

You are unauthorized to view this page. For more information on access please visit the membership page. Thank you very much.