Asset protection planning is important to an increasingly broad range of clients – both for themselves and for their children. Creditors seem to be more aggressive these days, and more clients are becoming conscious of their potential to wake up one day in a vulnerable financial situation. Estate planners should offer their clients the opportunity to discuss, early in the estate planning process, the advantages of and available techniques by which to secure at least some measure of asset protection. This teleconference will focus on the following: Avoiding Fraudulent or Voidable Transfers Using Tenancy by the Entireties Form of Ownership… read more »
Creating Trusts for Beneficiaries with Special Needs
Join CGA and the YCEA for a Virtual Leadership Luncheon on Thursday, September 24th at 12 p.m for information on creating trusts for beneficiaries with special needs.CGA Law Firm’s experienced estate law attorney, Tim Bupp, will provide an overview of the types and applications of special needs trusts, as well as the uses of Pa ABLE accounts to assist in estate and personal planning. A special needs trust is a wonderful tool that can empower a person with disability (“PWD”) and their family, by preserving access to benefits while at the same time protecting family assets. Register to reserve your spot today: REGISTER… read more »
Charitable Remainder Trusts Boost Philanthropy, Defer Taxes
Charitable remainder trusts or “CRTs” are not as commonly utilized as in years past. Declining income tax rates, an increasing federal estate tax exemption, and decreased impact of the charitable donation tax deduction have combined to rob the CRT of some of its effectiveness. However, for philanthropic-minded donors who own the right kind of assets, a CRT can be exactly the right tool to defer or defeat capital gain or income tax, and at the same time create a charitable legacy for the community that sets an example for the family’s next generation. Tom and Ann are retired and want to make… read more »
A Message from the Estate Practice Group Chair
A message from the Estate Practice Group Chair In these difficult times, our first, last and foremost thought is the safety and well-being of our clients, our employees, and all of our families. In such times of uncertainty, all of us desire the reassurance of knowing that essential estate planning documents are in place to provide for and protect our loved ones. At CGA, our goal is to assure our clients that they have the strong and updated estate documents they need, provided in a manner that protects the safety of our clients, our employees, and our nation. To that… read more »
