What are Trustee Fees?
When creating an estate plan, it may be necessary to name a trustee to handle your assets.
Ethan Huizenga
October 13, 2020
Planning for Nursing Home Expenses
A revocable trust is great for many reasons, but it does NOT protect assets from nursing home expenses.
Ethan Huizenga
September 22, 2020
Trusts: The Swiss Army Knife of Estate Planning
We may think of a spoiled heiress to a large fortune, whose parents were savvy enough to prevent her from having full access to her funds. On the other hand, we could imagine a loved one with special needs, whose needs will be provided for with trust-protected money.
Ethan Huizenga
September 21, 2020
Different Trusts for Different Purposes
Trusts are legal entities that own assets, and all trusts are not alike. They are created by a written trust document with certain provisions that can vary from trust to trust.
Ethan Huizenga
September 7, 2020
Does the Trust Beneficiary Have to Pay a Tax?
Beneficiaries of a trust typically pay taxes on the distributions they receive from the trust’s income, rather than the trust itself paying the tax. However, these beneficiaries are not subject to taxes on distributions from the trust’s principal.
Ethan Huizenga
July 15, 2020
Not a Billionaire? Trusts Can Still Be Beneficial
Even if your asset base doesn’t measure up to the Bill Gates standard, you may consider using trusts in estate planning. This is because they can help your heirs in many different ways.
Ethan Huizenga
February 20, 2020
High Five: 5 Differences between Wills & Trusts
The most common question I get asked in our Mutual Interview is, “What’s the difference between a will and a trust?” The answer is based on the way each gets treated while you’re living and after you die. Whether you choose one or the other depends on your goals for your plan. [Read More]
Ethan Huizenga
February 19, 2020
Confused about Trusts? Let’s Talk About Buckets Instead
Across the board, legal documents can be confusing. Just think about the paperwork needed to take out a mortgage – the legalese is overwhelming. And
Ethan Huizenga
January 22, 2019
Watch Your Language: Beneficiary
The beneficiary is what it sounds like: the person who receives the benefit from a trust. [Read More]
Ethan Huizenga
September 11, 2018
Watch Your Language: Grantor
The grantor is the person who creates a trust. No matter what type of trust you have, the grantor is always in charge because they set the trust’s terms. [Read More]
Ethan Huizenga
August 28, 2018
