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Formerly Michael A. Manna & Associates
Formerly Michael A. Manna & Associates
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A dynasty trust is a device used to pass money to multiple generations of descendants, paying as little estate tax as possible. Such trusts have no expiration date and don't require minimum distributions, so their assets can continue growing for an unlimited number of...
This is our third post in a series dealing with asset protection planning. Such planning, as we have said, is not identical to estate planning, but is a supportive adjunct with its own unique yet related goals and techniques.On a practical level, it is important to...
In our previous post, we began discussing the importance of asset protection planning.Asset protection addresses several types of wealth preservation strategies in estate planning, including long-term care costs, liabilities connected to lawsuits, estate and gift...
One of the primary goals of estate planning is to preserve your wealth so that you are able to pass as much on to your family, friends, or other beneficiaries as possible. Making sure that wealth is secure from liabilities is an important element in passing it on the...
Tax planning is one of the more tricky aspects of aspects of estate planning. Not only is there the need to navigate various tax systems, there is also the ever-changing law in this area.As a recent Wall Street Journal article notes, states have different and shifting...
In our previous two articles, we have been discussing important areas to be aware of when thinking about estate planning. So far, we have mentioned the potential importance of maintaining harmony in the family, avoiding probate, taking advantage of asset protection...
In our previous post, we began looking at an article discussing important matters all those engaged in estate planning need to consider.One of the more complicated aspects of estate planning is planning for taxes in their various forms, including income, estate, gift...
Proactivity, as can be imagined-as opposed to acting out of necessity-is an essential aspect of effective estate planning. But it isn't always easy to decide which aspects of estate planning deserve the most or immediate attention.A recent article in the Salem, Oregon...
