Back in April and May, when we began this series, we looked at ways in which old trusts may be akin to a leaky bucket and covered examples of how I can plug the leaks to save a client’s money from draining away. If you missed those posts, they are worth circling back for a […]

As you may remember, last month we looked at Mrs. Smith, who came to see me for a very benign reason. Oh, what a difference THAT meeting made! What began as a simple visit became quite rewarding once I showed her that we could modify her trust in a way that would save her children […]

Let’s begin with a simple Q & A… QUESTION:  How could the terms of my trust increase capital gains tax? ANSWER:  If you have a trust drafted prior to 2012, you may have an old trust that was drafted to minimize estate tax at the expense of increasing capital gains tax.  If you fail to update […]