by Leslie Marenco | Apr 3, 2015 | Articles, Trusts
It’s no misnomer that a position with so much responsibility carries the name “trustee”. After all, you have been entrusted with a solemn responsibility and you no doubt want to do the best possible job. Here are 10 things to do when you are appointed trustee of a...
by Leslie Marenco | Mar 27, 2015 | Articles, Estate Planning, Health Care Directive, Trusts
Avoiding the need for a conservatorship – the process whereby someone is appointed by a court to assume responsibility for the property or the personal welfare of an adult – and keeping your family out of Court can be accomplished by making plans for incapacity in...
by Leslie Marenco | Mar 20, 2015 | Articles, Asset Protection, Estate Planning, Trusts
Americans today are getting married later in life. Currently, the average age of a first marriage is 27 for women and 29 for men — an increase of four years for women and three years for men in just the last 25 years. So it may not be so surprising that more...
by Leslie Marenco | Mar 6, 2015 | Articles, Celebrity Estates, Estate Planning, Health Care Directive, Trusts
A drama currently playing out in a French courtroom demonstrates that any elderly person can fall victim to financial abuse, even the second wealthiest woman in the world. Lilliane Bettencourt, 92, is heiress to the L’Oreal cosmetics fortune, and Forbes has estimated...
by Leslie Marenco | Feb 27, 2015 | Articles, Estate Planning, Health Care Directive, Kids Protection Planning, Trusts, Wills
Last year’s uncertainty about the future of the estate and gift tax caused many people to put their estate planning on hold, even though estate and gift tax planning is only a teeny tiny piece of estate planning. Now that the clouds have lifted and Congress has given...
by Leslie Marenco | Feb 27, 2015 | Articles, Income Tax, IRS, Trusts
Shifting income is a time-honored tactic of the wealthy to save taxes. Income is “shifted” or moved to a family member in a lower tax bracket. Historically, shifting was done by moving money-making assets to a company or trust “owned” by...
