What is a Trust?
September 16th, 2017
A trust is a way to hold your assets that provides greater protection and avoids probate when you die. If property structured, a trust can also minimize income taxes and estate taxes. There are three positions in a trust: the Settlor, the Trustee, and the Beneficiaries. The Settlor (also known as the “Grantor” or “Trustor”) […]
Why You Should Name a Stand-Alone Retirement Plan Trust as Beneficiary of Your IRA and Other Tax-Deferred Retirement Accounts
March 3rd, 2016
Naming the right beneficiary for your tax-deferred retirement accounts is critically important. Most people want to continue the tax-deferred growth of their accounts for as long as possible, pay the least amount in income taxes and achieve the maximum stretch-out. Required distributions after the owner dies will be based on the beneficiary’s age and life […]