Understanding Unitrusts

August 2022  By: MALCOLM BUTLER, JD
Understanding Unitrusts
When it comes to trusts, income beneficiaries and remainder beneficiaries typically have competing interests. Income beneficiaries usually want the biggest current distribution, while remainder beneficiaries prefer to protect and preserve trust assets so they will inherit more money in the future....

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Which Type of Trust is Best for You and Your Family?

January 2022  By: MALCOLM BUTLER, JD
Which Type of Trust is Best for You and Your Family?
Americans are living longer than ever, which means it’s more important than ever to plan ahead for your financial future and to efficiently ensure the transfer of wealth to future generations. According to the Stanford Center on Longevity and The Longevity Project, Americans are living...

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Why Having a Will is Just One Aspect of Your Estate Planning

October 2021  By: MALCOLM BUTLER, JD
Why Having a Will is Just One Aspect of Your Estate Planning
Over the years, I’ve had a number of clients who mistakenly think that a legally binding will has the power to keep their estate out of probate court. However, to put it simply: having a will isn’t enough. Additional steps must be taken in order to ensure the strategic transfer of assets to your...

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Why You Shouldn’t Leave Family Property to Your Children

July 2021  By: MALCOLM BUTLER, JD
Why You Shouldn’t Leave Family Property to Your Children
I’ve had numerous clients leave family homes—from beach houses to picturesque farms—to their children as part of their estate plans. However, despite the best of intentions, this decision isn’t always in the best interests of the heirs.

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Why an Estate Plan Is the Best Gift You Can Give Your Grandchild

April 2021  By: MALCOLM BUTLER, JD
Why an Estate Plan Is the Best Gift You Can Give Your Grandchild
While awaiting the recent birth of my first granddaughter, I spent a lot of time thinking about the best possible gift I could give her. Ultimately, I decided that the ideal present for my grandchild was to give her parents–my daughter and her husband–a professionally drafted estate plan.

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How to Keep Heirs From Being Spendthrifts

August 2020  By: MALCOLM BUTLER, JD
How to Keep Heirs From Being Spendthrifts
This article was originally published to subscribers of The Wall Street Journal, found HERE.

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Managing Generational Wealth Through Dynasty Trusts

June 2020  By: MALCOLM BUTLER, JD
Managing Generational Wealth Through Dynasty Trusts
If you have significant wealth you’d like to preserve, protect and share with future generations, a dynasty trust might be a strategic estate planning option to consider.  The dynasty trust is a type of irrevocable trust that’s designed with the long-term, multi-generational transfer of wealth in...

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Survivorship Planning Checklist

May 2020  By: MICHAEL McLEOD, CFP®, CTFA
Survivorship Planning Checklist
In many families, one partner takes a more active role in handling the finances than the other. Often, this division of labor stems from fear, time pressure or lack of interest. Regardless of the root cause, having one spouse exclusively handling family finances can put the other partner in a...

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Why You Should Write a Letter to Your Executor–and What to Say in It

April 2020  By: MALCOLM BUTLER, JD
Why You Should Write a Letter to Your Executor–and What to Say in It
This article was originally published to subscribers of The Wall Street Journal, found HERE. I once had a client who half-jokingly told me he wanted to be buried with his iPhone in his hand so he could call me—the executor of his estate—from the afterlife to make his voice heard.

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Multigenerational Family Unity and Prosperity

August 2019  By: JULIA BUTLER, CFP®, JD, MBA, CFEI
Multigenerational Family Unity and Prosperity
If you could see your children, grandchildren, and great-grand children together at a family gathering 50 years from now, what would you want to see and hear?

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