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Judith A. Wright |
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Judith A. Wright |
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About Our Services |
Revocable Living Trusts: Family Values, Vision and Planning As the use of a revocable living trust for estate planning increased in popularity over the past two decades, it was seen primarily as a planning tool to be used only by families with taxable estates. While a revocable living trust can be designed to deal quite effectively with estate tax issues, its real superiority over other methods is its focus on planning for the myriad of non-tax family issues.Many think of estate planning as being synonymous with tax planning, but estate planning more fully encompasses issues far beyond the financial size of the estate. As families and estate planners work through this era of tax uncertainty, the revocable living trust transcends the potential for estate tax repeal and provides a mechanism to meet the diverse and complicated issues of planning for taxes and families.For those who do not thoroughly understand trust planning, the assumption is that trusts are only for large estates. How many times have you heard, “We don’t need a trust, our estate is less than $1 million dollars”?While tax planning is an important facet of estate planning, and frequently the motivating factor for our clients, all agree that foremost in benefits is the preservation of their family values and family vision all of which is encompassed in a thorough plan.Explore with us some the more
common issues you may face as you plan for yourselves and future
generations. |
Estate Planning
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