Will Beneficiaries Be Taxed on Their Inheritance?
Attorney Stuart Green breaks down what beneficiaries really need to know about taxes on inherited assets. While many people assume inheritances are tax-free, the reality is more nuanced. In this video, Stuart explains when and how taxes might apply. Learn more about estate tax, inheritance tax, and income tax.
The Overlooked Benefit of a Revocable Living Trust
Attorney Stuart Green details a powerful but often overlooked benefit of using a revocable living trust: The practical organization it brings to your life. While avoiding probate is the most common reason people create these trusts, Stuart explains how the process also forces you to create an inventory of your assets—something that benefits not only you but future generations.
From cash accounts and real estate to retirement funds and personal property, getting the proper assets titled in the name of your trust can uncover forgotten assets, simplify your finances, and ensure a smoother transition when you're gone.
Who to Hire for Asset Protection Trust Planning
Attorney Stuart Green shares insight related to a qualified asset protection trust attorney, the red flags to avoid, and why experience and jurisdiction selection (South Dakota) can make all the difference.
Add or Remove Beneficiaries of an Irrevocable Trust with Decanting
Attorney Stuart Green details how you can decant an Irrevocable Trust to add or remove beneficiaries. While Irrevocable Trusts are designed to be permanent, certain legal strategies—like trust decanting—may allow for modifications under the right circumstances. In this video, Stuart explains what decanting is, how it works, and when it might be an option to adjust your trust’s beneficiaries.
Irrevocable Trust: Can You Change the Beneficiaries?
Attorney Stuart Green details whether you can change beneficiaries of an Irrevocable Trust and what factors determine your options. He explains why you might want to adjust the beneficiaries or modify the schedule of benefits, and how state laws impact these decisions. In South Dakota, you may have the ability to decant an Irrevocable Trust into a new trust structure, offering flexibility in certain situations. However, whether this is possible depends entirely on how the trust was originally set up. Understanding the legal framework is crucial before making any changes.
Choose the Best Trustee With This Trust Structure
Attorney Stuart Green outlines how to choose the best trustee for your irrevocable trust or Domestic Asset Protection Trust. Anyone, regardless of the jurisdiction you live in, can take advantage of South Dakota's trust laws. With the South Dakota trust structure, you have the ability to divide the trust responsibilities, ensuring you pick the best person for each role. The roles inside the trust are Trust Protector, Administrative Trustee, Distribution Advisors, and Investment Advisor.
Privacy for Your Estate and Trust Planning
Attorney Stuart Green talks about privacy for your estate and trust planning. There are several reasons why privacy might be a top priority for you. In this video, you will learn essential tips for keeping your information secure and ensuring your estate remains private. While a Revocable Living Trust can help you avoid probate, your information could still become public. A Domestic Protection Asset Trust (DAPT) or an Irrevocable Trust might be the right option if confidentiality is important to you.
Why Courts Won’t Uphold Domestic Asset Protection Trusts
Attorney Stuart Green details the top reason why Domestic Asset Protection Trusts fail. In this video, you will learn why the courts may not uphold a Domestic Asset Protection Trust