Despite its name, the purpose of a spendthrift trust isn’t just to protect profligate heirs from themselves. Even the most financially responsible heirs can be exposed to frivolous lawsuits or unscrupulous creditors. A properly designed spendthrift trust can safeguard assets against such attacks. A variety of trusts can include this protection. It’s just a matter
Trusts Archives - Crawford Ellenbogen
Apr 23, 2019
Add spendthrift language to a trust to safeguard assets
- By Ellenbogen
- Estate, Trusts
- 0 Comments
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Apr 11, 2019
Properly funding your revocable trust is the key to unlocking its benefits
- By Ellenbogen
- Estate, Trusts
- 0 Comments
If your estate plan includes a revocable trust (also known as a “living” trust), it’s critical to ensure that the trust is properly funded. Revocable trusts offer significant benefits, including probate avoidance. But these benefits aren’t available if you don’t fund the trust. Funding a living trust is a simple matter of transferring ownership of
Apr 4, 2019
Make a deductible IRA contribution for 2018 – It’s not too late!
- By Ellenbogen
- Deductions, Retirement, Trusts
- 0 Comments
Do you want to save more for retirement on a tax-favored basis? If so, and if you qualify, you can make a deductible traditional IRA contribution for the 2018 tax year between now and the tax filing deadline and claim the write-off on your 2018 return. Or you can contribute to a Roth IRA and