Spectrum of Withdrawal Limitations


February 26, 2016
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The phrase “control from the grave” is often used to describe withdrawal limitations on an individual’s inheritance.  These provisions direct or require a beneficiary to reach certain benchmarks before a trustee can permit a withdrawal.  While some grantors (the creator of the trust) may be motivated by control, simpler withdrawal limitations can provide significant asset […]

David Bowie’s Estate Plan


February 19, 2016
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It has been reported that David Bowie’s estate plan consists of a 20 page Will that was originally filed in 2004.  It splits the majority of his estate, estimated at $100 million, between his wife, daughter and son. And includes smaller, yet substantial gifts for his personal assistant ($2 million) and one-time nanny ($1 million). […]

What’s in a Name


February 5, 2016
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The life insurance industry has become increasingly complex. New and multiple policy types deliver both choice (a good thing) and complexity (not such a good thing) to your client’s decision-making. Policy names (Adjustable, Flexible and in my opinion, sometimes Combustible) are not helpful either. If I have a difficult time keeping up, I can’t imagine […]