CHOOSING TRUST SITUS
Put simply, trust situs is where a trust is located. However, a trust can hold assets in many states so situs does not simply mean where trust assets are located—although place of administration of personal property can be a factor considered by courts. (Real property...Business Planning
Set up your business with tax planning, estate planning, asset protection, and family protection in mind. In this economy, you need every competitive advantage, and your competitors are not standing still when it comes to tax planning. Estate planning and business...An Exit Strategy for your Business
Your business is most likely a major asset and source of income to you and your family. However, it is probably not properly protected from life events of the co-owners, due to lack of an exit strategy. Most business owners would be shocked to discover what happens to...An Estate Plan Requires Estate Goals
The term “estate plan” has been commoditized and cheapened to the point of referring merely to a set of documents designed very generally to avoid probate and perhaps minimize estate tax. For this we can blame high-volume trust mills operated by non-lawyers, usually...
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