Dynasty Trusts

This is a part in a series of articles I have written on various types of irrevocable trusts. What is a Dynasty Trust? Many people refer to dynasty trusts to mean…

SLATs and SLANTs

This is a part in a series of articles I have written on various types of irrevocable trusts. What is a SLAT? A SLAT stands for a Spousal Lifetime Access…

Sales to IDGTs

This is a part in a series of articles I have written on various types of irrevocable trusts. Intentionally Defective Grantor Trust What is a sale to an Intentionally Defective Grantor…

NINGs and California Residents

This is a part in a series of articles I have written on various types of irrevocable trusts. What is a NING? A Nevada Incomplete Gift Non-Grantor trust (NING) is an…

Domestic Asset Protection Trusts

This is a part in a series of articles I have written on various types of irrevocable trusts. What is DAPT? One of the most unique forms of irrevocable trusts…

What is a Bypass Trust?

This is a part in a series of articles I have written on various types of irrevocable trusts. Understanding Bypass Trusts Prior to 2012, many married couples created joint trusts known…

What is a QTIP Trust?

This is a part in a series of articles I have written on various types of irrevocable trusts. It’s not the QTIP you’re thinking of! To better understand this concept, it’s…

What is an ILIT?

This is a part in a series of articles I have written on various types of irrevocable trusts. Irrevocable Life Insurance Trusts Why set up an irrevocable life insurance trust (ILIT)?…

Why do People Create Irrevocable Trusts?

What is an Irrevocable Trust? Many people often ask me, “What’s an irrevocable trust?”  Or some clients come ready to ask the follow-up question, “If an irrevocable trust means I…

What You Need to Know About Liens and Your Business

What to Know Business owners who take out loans for equipment, property or working capital need to understand how liens can affect their business in terms of the potential problems…