Establishing a scholarship fund allows you to leave a lasting legacy, while also reducing estate taxes and supporting students in need.
The Stretch IRA isn’t what it used to be. However, a Charitable Remainder Trust could be the right way to secure your family’s future.
Beyond being an act of generosity, gifting ensures that a significant portion of your wealth is preserved rather than diminished by taxes.
It may be better to give than to receive. However, it may be even better to give and see your generosity rewarded.
Failing to properly plan for disability, death, or the ultimate transition of a family business can lead to disastrous financial consequences for both the business and the family.
Many well-off pet owners have left millions of dollars to their cats, dogs and even chickens—perhaps most notoriously Leona Helmsley, who left US$12 million when she died in 2007 to her white Maltese dog Trouble.
Based on a recent survey by the American Pet Products Association, as of 2020, 70% of households in the U.S. have pets—about 90.5 million households.
In general, the best reason to establish a charitable trust, is if you would like to create a long-standing form of charitable giving.
Minnesota State University, Mankato President Edward Inch announced today that Robert Larson of Leesburg, Florida, has donated $1.4 million to the University in honor of his late wife, Virginia Larson, a Minnesota State Mankato alumna, who taught elementary school for 12 years.
No one can predict the future—and navigating that reality is precisely what makes estate planning so complicated.