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living trust Free Articles

In God We Trust

The God of my rock; in him will I trust: he is my shield, and the horn of my ... my high tower, and my refuge, my saviour; thou savest me from ... As for God, his way is perfect; the wor

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Living Trusts In Michigan Protect Your Assets And Give You Peace Of Mind

A living trust in Michigan or "revocable" trust is a legal document that maintains ownership of your assets during your lifetime. While you are alive, you serve as the trustee and manage the trust and all of the assets you put into the trust. When you pass away, the assets in your trust are then distributed to your designated beneficiaries according to your wishes.

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The New Portability and Disclaimer Trusts

The Tax Relief Act of 2010 provides for a $5 million exemption (indexed for inflation in 2012) per person from federal estate and gift taxes, and a top tax rate of 35%. In addition, the unused portion of the estate tax exemption of the first spouse to die may be transferred to the surviving spouse (so-called “portability”).

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What’s New With Your Living Trust?

Some time ago, Congress made certain changes to the estate taxes. As a result of the changes, ... January, 2004, the tax free amount ... to ... (Back in 1997 it was ... This

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Intentionally Defective Beneficiary Trusts

This article discusses the planning opportunities with an intentionally defective beneficiary trust.

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Trust-Owned Annuities

This article discusses, in detail, the income tax consequences of irrevocable trusts owning annuity contracts, and how to properly design such trusts.

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Installment Sales to Grantor Trusts

An installment sale to a “grantor trust” can provide valuable income, gift and estate tax benefits. If the assets sold produce a total return (income and appreciation) in excess of the interest rate on the note, substantial wealth can be removed from the seller’s gross estate – gift and estate tax free.

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Estate Planning Tools a Living Trust In Michigan

There are various options for estate planning. One of them is the living trust.A living trust or "revocable" trust is a legal document through which your assets are placed into a trust during your lifetime. Upon your death, your assets in the trust are then transferred to your beneficiaries according to your wishes.

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What is Assisted Living, and Nursing Homes?

At Adult Care Living Homes - Assisted Living Services Southfield MI, Camchris Assisted living is adult care living homes providing short & long-term assisted living services in Southfield MI. Learn about facility-based long-term care services, including assisted living, nursing homes, continuing care retirement communities, and other residential services. Adults who require local assisted living facilities such as personal care, medical care, skilled nursing, etc. Contact: Email- lewis@CamChris.org/Call:+1 2484979518

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The Revocability or Irrevocability of a Trust

Over views what constitutes a trust being revocable and/or becoming irrevocable. Reminds individuals that unforseen illness or disaster could create circumstances that require revocation of a trust.

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Trust for May and DailyAffirm Positive Affirmations Day by Day

This article provides an overview for the exploration of the theme of Trust in the month of May on the DailyAffirm Process. DailyAffirm offers this free process of positive affirmations day by day.

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Living Trust Taxation Tips

A living trust determines how assets transferred to it are handled after your death.

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Disclaimer Trusts

With fewer married couples having taxable estates, learn how a disclaimer trust may provide greater flexibility over the typical “reduced-to-zero” marital deduction formula.

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Tax Strategies for the Wealthy: Qualified Personal Residence Trust (QPRT)

Wealth management is an important issue for those with substantial assets to protect. Many people incorrectly assume that their estates will escape federal estate tax as a result of underestimating what their principal residence will be worth when they die. Often, our homes are our most valuable assets. The Qualified Personal Residence Trust (QPRT) provides a means for significantly reducing the estate tax consequences of the family home and one vacation home. The QPRT also provides an excellent asset protection vehicle since you no longer own the property once the trust is established.

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Using Land Trusts to Keep Your Property Ownership a Secret

Basic description of a land trust with an exploration of how to use it to mask the ownership of property from the public

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