The Wealth & Wisdom Blog

A Family Vision Statement can be any non-legal written direction made by a “senior generation” (e.g., mom and dad) to the named beneficiaries of the senior generation’s legal estate plan detailing how an inheritance should be used following death.  The Statement is directed towards whomever is receiving the inheritance, whether children, grandchildren, nieces, nephews, siblings […]

You can choose to benefit a child or other beneficiary through one of two means: (1) through an “outright” gift, or (2) to an ongoing “testamentary trust” for the benefit of the child or other beneficiary.  We assist our clients understand the pros and cons of each approach, as it is critically important to understand […]