Category: Trusts

Are There Assets That Shouldn’t Go Inside the Revocable Trust?

April 20, 2017 Victor Medina Assets, Estate Planning, Trusts 0 Comments

Planning ahead for your future likely involves a sit-down meeting with a New Jersey estate planning attorney, and that conversation may include mention of estate planning tools such as a revocable trust. Known for its flexibility, the revocable trust empowers you to maintain control over assets placed inside and the trust itself over the course […]

The Basics of Setting Up a Trust for Estate Planning

April 6, 2017 Victor Medina Advanced Estate Planning, Estate Planning, Living Trust, Special Needs Trust, Trusts 0 Comments

A trust is a relationship in which one person’s assets are held inside for the intention of passing on to specific beneficiaries. One of the primary reasons that people choose to use a trust is because the assets no longer belong to a grantor after they have been transferred into the trust. You can also […]

Major Wealth Transition Expected to Occur in Next Few Decades

March 2, 2017 Victor Medina Estate Planning, Estate Tax, Living Trust, Trusts 0 Comments

An inter-generational transfer of wealth can be extremely complicated and it can be risky for everyone involved. Without proper planning, passing on a large amount of wealth could generate tax and other financial consequences for those receiving the benefits and those passing them on. It is expected that in the next forty years, nearly $32 […]

The Importance Of Funding Your Revocable Living Trust

March 27, 2014 Victor Medina Asset Distribution, Estate Planning, Probate, Trusts, Wills 0 Comments

Revocable living trusts are one of the most powerful tools in the estate planner’s toolbox and offer a number of advantages over wills. These include avoiding probate, reducing delays in the distribution of assets, greater control over your assets while you are alive and in the event of incapacity, greater privacy, and more. Unfortunately, many […]