Partner, Samuel, Sayward & Baler LLC - Wills, Trusts, Estate Planning, Trust Administration, Probate, and Elder Law
Clearing up some confusion about grantor trusts and the step up in basis #GrantorTrust #StepUpInBasis #EstatePlan https://lnkd.in/e5KWtDb6
Clearing up some confusion about grantor trusts and the step up in basis #GrantorTrust #StepUpInBasis #EstatePlan https://lnkd.in/expTiTZJ
What is a trust fund? A trust fund is a legal arrangement where one or more individuals or entities, known as trustees, hold and manage assets for the benefit of others, called beneficiaries. While the trustees have legal title to the assets, they are responsible for using them solely for the benefit of the beneficiaries. There are several types of trusts, each with its own characteristics and purposes. Some common types include bare trusts, interest-in-possession trusts, discretionary trusts, accumulation trusts, mixed trusts, settlor-interested trusts, and non-resident trusts. If you're considering setting up a trust fund, it's important to consult with a legal adviser to ensure that the trust is structured correctly and meets your specific needs. Contact Peter Ross today to speak with our specialist Trusts and Taxes team. #LegalAdviceNorthEast #TrustFundNorthEast #LegalServicesNorthEast
What kind of trust do you need? Revocable trusts are often used to hold assets that you want to pass on to beneficiaries. This kind of trust can be changed by the grantor at any time. Irrevocable trusts are more permanent and cannot be changed or revoked—they're often used to remove assets from a person's estate. #wealthmanagement #financialadvisor #professionalmanagement #humbletexas
💼 Trusts are becoming a popular choice for individuals and business owners looking to safeguard their wealth and assets. 💡 Whether you’re thinking about passing on wealth, protecting family assets, providing for under-18s or vulnerable loved ones, or exploring tax planning options, a trust could be the solution you’re looking for. So, what is a trust? 🤔 It’s a way to manage money, property, or other assets. Trustees—such as family members, lawyers, or bankers—hold and manage these assets on behalf of beneficiaries. If you’re considering whether a Trust Fund is right for you, our team is here to help. Contact us today: 📞 01291 639280 📧 [email protected] 📩 Or send us a message! #Trusts #TrustFunds #TaxPlanning #EstatePlanning #AssetProtection #WealthManagement #Solicitors #Chepstow #Bristol #Newport
A trust that can be altered or canceled by its grantor. During the life of the trust, any income earned is distributed to the grantor; upon the grantor’s death, the contents of the trust are transferred to its beneficiaries according to the terms of the trust. #RevocableTrust #FinancialLiteracy #FinancialEducation
What kind of trust do you need? Revocable trusts are often used to hold assets that you want to pass on to beneficiaries. This kind of trust can be changed by the grantor at any time. Irrevocable trusts are more permanent and cannot be changed or revoked—they're often used to remove assets from a person's estate. #wealthmanagement #financialadvisor #professionalmanagement #humbletexas
A Spousal Lifetime Access Trust (SLAT) is a trust set up by one spouse for the benefit of the other. The donor spouse places assets into the SLAT, and the beneficiary spouse can access these assets under certain conditions. This arrangement reduces the taxable estate of the donor spouse while maintaining access to the funds indirectly through the beneficiary spouse. Want to learn more about a SLAT? Click below! https://lnkd.in/efkRYrrz
What kind of trust do you need? Revocable trusts are often used to hold assets that you want to pass on to beneficiaries. This kind of trust can be changed by the grantor at any time. Irrevocable trusts are more permanent and cannot be changed or revoked—they're often used to remove assets from a person's estate. #wealthmanagement #financialadvisor #professionalmanagement #humbletexas
The future of non-compete agreements seems to be in flux. RumbergerKirk partners Sally Culley and David Willis shared insights during a recent webinar about what businesses need to know. While the Final Rule is being tested in the courts, the FTC can continue to evaluate non-compete agreements on a case-by-case basis to determine whether they constitute unfair methods of competition. Learn more: https://lnkd.in/eZCinGcE #NonCompeteAgreements #NonCompete #FTC #EmploymentLaw #CLE #webcast #TKG
I provide Employment Law Guidance, HR Advice, and Workplace Consulting and Compliance, along with Best Practices on Avoidance of Workplace Litigation or Workplace-Related Audits.
If non-competes become illegal (or continue to be disfavored in your state), what are some alternative considerations for your business? Justin McNaughton and I discuss. Let us know your thoughts on non-competes and restrictive covenants. Do you think they are fair? Why or why not? #employmentlaw #laborlaw #noncompetes #TheWorkplaceLawfirm
