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What is a Class A share?
Corporations will commonly issue various classes of stock shares, each with different amounts of voting rights and benefits. Traditionally, Class A shares issued by a company will give shareholders more rights than other classes of shares issued. However, you should...
What is Charitable Remainder Trust?
Nobody knows when it will be time for life to end. Although it may not be a pleasant thing to think about, it is important that you do what is necessary to prepare your estate to be administered upon your death. You will want to make sure your loved ones are taken...
Beyond Taxes: 5 reasons a trust is necessary “Understanding A Living Trust”
Reason Number 5 "UNDERSTANDING A LIVING TRUST" A living trust provides instructions on how to manage your affairs during your lifetime, incapacity and at death. Since a living trust can only control the assets you put into it, it’s crucial to fund it through the...
Beyond Taxes: 5 reasons a trust is necessary “Philanthropic Giving”
Reason Number Four: PHILANTHROPIC GIVING Currently, you may gift up to $16,000 ($32,000 for couples) per year to any number of individuals without triggering gift taxes. Gifts in excess of this amount are applied against your lifetime gift tax exemption. If you...
Beyond Taxes: 5 reasons a trust is necessary “Planning For a Disability”
Reason Number Three: PLANNING FOR A DISABILITY Given today’s longer life spans, you may wish to develop a plan for the possibility that you may experience a disability in later years that impairs your ability to manage financial affairs. This is one reason a person...
Beyond Taxes: 5 reasons a trust is necessary “Protecting Assets and Avoiding Taxes”
Reason Number Two: PROTECTING ASSETS AND AVOIDING TAXES Greedy relatives aren’t the only ones from whom you need to protect your assets. Litigation, malpractice claims, creditors and divorce are examples of potential scenarios that must be considered when creating...
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