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TGGF Legacy Builder Trust
Additional Products/Services to Consider:
Healthcare Directive:This document can specify your wishes regarding medical treatments. Typically, it's priced between $100 - $500.
Long-Term Care Planning:Consultation to discuss insurance options or strategies to manage future care costs. This might involve a combination of insurance products and trust structures.Asset Protection
Consultation:Discussion of various structures (like LLCs or Family Limited Partnerships) to protect assets from creditors. Fees can vary widely based on complexity, but expect to pay in the ballpark of $1,000 - $10,000 for comprehensive strategies.
Digital Asset Planning:
Specialized services to ensure all online accounts, digital currencies, and digital property are properly accounted for and managed.
Additional Products/Services to Consider:
Healthcare Directive:This document can specify your wishes regarding medical treatments. Typically, it's priced between $100 - $500.
Long-Term Care Planning:Consultation to discuss insurance options or strategies to manage future care costs. This might involve a combination of insurance products and trust structures.Asset Protection
Consultation:Discussion of various structures (like LLCs or Family Limited Partnerships) to protect assets from creditors. Fees can vary widely based on complexity, but expect to pay in the ballpark of $1,000 - $10,000 for comprehensive strategies.
Digital Asset Planning:
Specialized services to ensure all online accounts, digital currencies, and digital property are properly accounted for and managed.
Living Trust with A-B Provisions:
Estate Tax Minimization:
The primary objective of the A-B trust setup is to maximize the use of federal estate tax exemptions for both spouses. The "A" trust (often called the "Survivor's Trust") is designed for the surviving spouse's benefit and may be subject to estate tax upon the second spouse's death. The "B" trust (often referred to as the "Bypass Trust" or "Credit Shelter Trust") is designed to bypass the surviving spouse's estate to fully utilize the deceased spouse's estate tax exemption.
Asset Protection for the Surviving Spouse:
Assets in the Bypass Trust are typically not accessible to the creditors of the surviving spouse, offering a layer of protection.
Predetermined Beneficiary Distribution:
The B trust can ensure that, upon the death of the surviving spouse, assets will be distributed according to the first-to-die spouse's wishes. This can be crucial in blended families to ensure that children from a prior marriage receive their intended inheritance.
Income Benefits:
While the surviving spouse may not have direct access to the principal of the B trust, they often can receive income generated by the assets in that trust.
Flexibility with QTIP Provisions:
Some A-B trusts incorporate a Qualified Terminable Interest Property (QTIP) provision, which allows the surviving spouse to receive income (and possibly some principal) from the trust while ensuring that the remaining assets pass to predetermined beneficiaries upon the surviving spouse's death.
Price
Incorporating A-B provisions into a living trust can increase its complexity. The additional cost can vary but typically ranges from $500 to $2,500 on top of the standard living trust establishment fee, depending on the complexity and the region.
Embark on a Journey of Thoughtful Legacy Planning
Preserving your legacy and safeguarding your family's future requires the finest touch and profound expertise. We invite you to a distinguished 1-hour consultation with our esteemed estate planning specialists.
Exclusive Proposition: With a thoughtful commitment of $197, you can secure this consultation. Should you choose to entrust us with the crafting of your trust thereafter, this amount will be graciously deducted from the overall cost.