Inheritance

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Understanding the Benefits of a Credit Shelter Trust

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Understanding the Benefits of a Credit Shelter Trust

Credit Shelter Trusts, also known as Bypass Trusts or Family Trusts, play a crucial role in estate planning. These trusts offer a strategic approach to maximize the preservation and distribution of wealth, especially in the context of estate taxes. In this blog post, I'll delve into the key aspects of Credit Shelter Trusts, exploring their purpose, mechanics, and the potential benefits they provide for individuals and families.

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Protecting Your Adult Children's Inheritance from Their Possible Divorce

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Protecting Your Adult Children's Inheritance from Their Possible Divorce

How do I protect my daughter’s inheritance from her husband? I know they aren’t happy, and I think they will get divorced soon.

This is a common concern for a lot of my clients — how to protect their adult children from losing their inheritance. The answer is both simple and complicated, because there is the letter of the law, and then there’s what actually happens in reality.