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When Your Legal Documents Don’t Mean What You Thought They Meant
From our colleagues at AmeriTrust: BY: Quin Swiney, J.D.| Assistant Vice President/Trust Administration, AmeriTrust Corporation BY: Kenny Brown, Jr, MBA | Senior Vice President, Chief Operating Officer, AmeriTrust In the popular movie The Princess Bride, one of the...
Does Your Trust Have an Environmental Indemnification Clause?
Trusts that include farmland, industrial or commercial property could have this clause, so it’s important to know what it means and why it's there. Originally published on Kiplinger.com July 21, 2023 I cannot say why some attorneys place an environmental...
In Estate Planning, Your Values Can Play a Key Role
Parents who want to maintain some control over an inheritance and promote their values after they’re gone can leave a portion, or all, of their estate in further trust. Originally published on Kiplinger.com June 27, 2023 Being a parent of five independently minded and...
Savoring Success: A Love for Wine and Questions About Collections as an Investment
Wine is exceedingly popular in the United States. That is not exactly a controversial statement, but did you know exactly how popular? Americans recently surpassed the French as the largest annual global wine drinkers by volume — with 33 million hectoliters of wine...
Trust Provisions Addressing Substance Use Require Flexibility
Parents fearing substance abuse by their beneficiaries can include instructions aimed at deterring addictive behavior and blocking the potential misuse of funds. Originally published on Kiplinger.com May 23, 2023 For many years, parents leaving substantial wealth...
When Estate Planning, Don’t Let Mistakes Thwart Your Wishes
Should you work with an attorney to write your will, or can you do it yourself? That depends on a number of things, including where you live. Originally published on Kiplinger.com February 21, 2023 When someone has trained and worked in a profession for many years, it...
Charitable Giving Strategies for Not-as-Wealthy Donors
High-net-worth charitable giving could decline for years because of high inflation, so charities look to highlight tax-savvy options for average investors. Originally published on Kiplinger.com February 9, 2023 Dave Smith, CEO and founder of Heaton Smith Group, writes...
Divorcing a Trustee: Do You Need a Prenuptial?
For any corporate trustee you choose, there should be some minimum requirements, and it’s best to check its reputation ahead of time to find out if its trust relationships end amicably. Originally published on Kiplinger.com December 5, 2022 There are many reasons that...
How Community Property Trusts Can Benefit Married Couples
Getting a step-up in basis when each spouse dies can be a big tax advantage, one that has not been available to those who live in common-law states. However, it may now be – through a community property trust. Originally published on Kiplinger.com September 18, 2022...
End of Life Planning Checklist
One of the most loving gifts you can give to your family is to put your affairs in order before a disaster or medical emergency. Although having your estate planning documents and letter of instruction in place will not lessen the grief the surviving spouse feels, it...