Revocable Versus Irrevocable Trusts – What’s the Difference?

By |February 22nd, 2013|

Revocable trusts and irrevocable trusts each do different things in estate planning.
You have decided to move forward with an estate plan. You are interested in a trust, but what kind of trust is right for you?  You have a friend who tells you that “irrevocable trusts” are the way to go but the word “irrevocable” scares you.  Does that mean you won’t be able to get your assets back after they go into the trust?  What about a “revocable” trust?  What does that do for you?

Keep the courts out of it

Like everyone else, you want to avoid court involvement (and its delays) in the affairs of your estate when you pass away. With proper planning and follow-through, both revocable and irrevocable trusts will accomplish that for you. […]

The 2013 Fiscal Cliff Deal: What It Means for You and Your Estate

By |February 5th, 2013|

Check out these important points about the 2013 Fiscal Cliff Deal.

On January 2, 2013, President Obama signed the American Taxpayer Relief Act of 2012 into law, addressing lingering concerns about the expiring Bush era tax rates, estate and gift tax rates, and many other tax related concerns.  This bill impacts nearly every American citizen in […]