Blog
Blog
It’s a Great Time to Consider a Donor Advised Fund
Charitable gifts offer a great opportunity to reduce income tax liability. When a taxpayer makes a charitable contribution, typically they get an offsetting charitable income tax deduction. Unfortunately, that offsetting deduction doesn't always end up reducing the...
2023 Year-End Estate Planning Advisory
We have certainly had our share of turbulent waters in the estate planning world from 2020-2022. With two significant elections, it is hard to remember a previous time with such substantial uncertainty about how tax planning and estate planning would evolve. That...
How a trustee’s unwarranted and open repudiation of the trust could result in the time barring of a breach-of-trust action brought later against the trustee
In the case of a breach of trust, it is a principle of equity that the laches period, or the applicable statute of limitations period, as the case may be, does not commence to run against the beneficiary until the trustee "openly" makes the beneficiary aware that the...
An Overview of Cayman Islands Private Trust Companies
Many high-net-worth individuals and families use a private trust company (PTC) when looking to structure their family wealth. Read More
Tax Tips for Lottery Winners
Today is the anniversary of the largest Powerball lottery victory in the United States of $2.04 billion.Read More
The Seedier Side of the Holiday Season
It's my favorite time of the year. Temperatures fall and spirits rise as we approach the holiday season. Read More
Things To Consider When Creating An Estate Plan
When thinking of creating an estate plan, here are a few things to consider before finalizing your final wishes: Should you create a Will or a Trust? The essential difference between a will and a trust is that a trust avoids probate....By: Dunlap Bennett & Ludwig...
Understanding Trusts So You Are Not Mislead By The Word “Trust”
Trusts are vehicles that can assist in the preservation of wealth and property for future generations, protect assets, or carry out a charitable purpose. A trust is an entity created and governed under the state law in which it was formed. A trust involves the...
Wealth, Legacy and the Next Generation: Getting Started and Other Considerations
Legacies and estate planning are often considered to be something later in life. Yet the truth is none of us have any idea when we might become incapacitated or pass away and consequently, understanding the various scenarios and making decisions we are comfortable...
Planning Is Essential If You’re Inheriting Assets
If you're in line to receive a significant inheritance, your feelings may range from exhilaration to relief, not to mention a great deal of sadness for the loved one who has passed. Indeed, a large infusion of cash or assets can be overwhelming. Generally, when you...
