It Ought to be Simpler than This! I have patience for those tasks that I expect ahead of time will be difficult to complete. I have less patience for those tasks that I expect to be easy, and turn out to be difficult. This is sometimes the case with various estate planning and administration matters. […]
“Wessman…Wessman….Oh yes, I recognize your last name–your wife sends me all those fundraising emails! My wife Heather is the associate development director at Avail Academy, a private school in Edina. When I first meet some Avail Academy parents, they claim to recognize our last name by reason of Heather’s numerous fundraising emails sent to them […]
A charitable remainder trust (“CRT”) is a type of irrevocable trust that creates a “split interest” in contributed property between the taxpayer and one or more tax-exempt charities. This type of irrevocable trust structure provides three separate tax benefits: (a) an immediate charitable deduction to the taxpayer equal to a certain percentage of the value […]