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Home » LEGACY WEALTH PLANNING FAQ’S

What steps can I take to preserve my legacy?

May 22, 2018

The best approach is to meet with an attorney who understands the Legacy Wealth Planning process. This will ensure you address the financial and non-financial assets of your family. The right attorney will help you, first, set up a Family Wealth Trust to preserve your financial legacy. Then, you will be educated about completing the My Legacy workbook, to share in your own words about your life story, family history, memories, and life lessons. And finally, writing a Legacy Planning Letter to … [Read more...] about What steps can I take to preserve my legacy?

Can any attorney create a Family Wealth Trust?

May 22, 2018

YES, but you would be better off choosing an attorney whose practice is focused on estate planning. Members of the American Academy of Estate Planning Attorneys receive continuing legal education on the latest changes in any law affecting estate planning, allowing them to provide you with the highest quality estate planning service anywhere. … [Read more...] about Can any attorney create a Family Wealth Trust?

Is a Family Wealth Trust only for the rich?

May 22, 2018

No. A Family Wealth Trust can help anyone who wants to protect his or her family from unnecessary probate fees, attorney’s fees, court costs and federal estate taxes. In fact, the Family Wealth Trust offers substantial protection for your family, regardless of your total estate. In addition to savings at death, especially if your estate is over $100,000, the Family Wealth Trust also provides savings and peace of mind during life, because it avoids the expense and emotional nightmare of an … [Read more...] about Is a Family Wealth Trust only for the rich?

If I have a “bare bones” living trust should I go back to the attorney who drafted the trust?

May 22, 2018

You can certainly go back to the attorney you worked with before, however, few attorneys offer Legacy Wealth Planning. If you want Legacy Wealth Planning, contact a member of the American Academy of Estate Planning Attorneys. … [Read more...] about If I have a “bare bones” living trust should I go back to the attorney who drafted the trust?

How do I know if I have a “bare bones” living trust?

May 22, 2018

Very few estate planning attorneys offer Legacy Wealth Planning. A “bare bones” living trust covers probate avoidance and usually ignores important issues to protect you, your spouse (if married) and your children. Bring your existing trust to your free one-hour consultation and we can review it for you. … [Read more...] about How do I know if I have a “bare bones” living trust?

Is the Family Wealth Trust some kind of loophole the government will eventually close down?

May 22, 2018

NO. The Family Wealth Trust has been authorized by the law for centuries. The government really has no interest in making you or your family suffer a probate that will only further clog up the legal system. A Family Wealth Trust avoids probate so that your estate is settled exactly according to your wishes. … [Read more...] about Is the Family Wealth Trust some kind of loophole the government will eventually close down?

Can I transfer real estate into a Family Wealth Trust?

May 22, 2018

YES. In fact, all real estate should be transferred into your Family Wealth Trust. Otherwise, upon your death, depending on how you hold the title, there will be a death probate in every state in which you hold real property. When your real property is owned by your Family Wealth Trust, there is no probate anywhere. … [Read more...] about Can I transfer real estate into a Family Wealth Trust?

Will a Family Wealth Trust avoid income taxes?

May 22, 2018

NO. The purpose of creating a Family Wealth Trust is to avoid living probate, death probate, and reduce or even eliminate federal estate taxes. It’s not a vehicle for reducing income taxes. In fact, if you’re the trustee of your Family Wealth Trust, you will file your income tax returns exactly as you filed them before the trust existed. There are no new returns to file and no new liabilities are created. … [Read more...] about Will a Family Wealth Trust avoid income taxes?

If I set up a Family Wealth Trust, can I be my own trustee?

May 22, 2018

YES. In fact, most people who create a Family Wealth Trust act as their own trustees. If you are married, you and your spouse can act as co-trustees. And you will have absolute and complete control over all of the assets in your trust. In the event of a mentally disabling condition, your hand-picked successor trustee assumes control over your affairs, not the court’s appointee. … [Read more...] about If I set up a Family Wealth Trust, can I be my own trustee?

Why should I have a Family Wealth Trust?

May 22, 2018

Not only does a Family Wealth Trust provide for the disposition of your property (like a Will), but it also offers the following benefits: Provides for the immediate transfer or trust management and distribution in the future of assets after death; Allows for a smooth transition of management upon incapacity or death; Avoids the expense and hassle of probate proceedings; Minimizes estate taxes and defers payment of estate taxes for married couples; Allows for continued control … [Read more...] about Why should I have a Family Wealth Trust?

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Testimonials

I felt complete trust and confidence in Dan DeBruyckere and his staff. They have a caring, low-key approach and there is no pressure to add products to the estate plan; rather he makes me aware of changes in the law, etc. I always learn something new to assist me in our planning!

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Your seminar was the only seminar we attended without financial advisors wanting to invest our money instead of protecting it! The information this firm provided was easy to understand even though it is a difficult topic. Thank you for all of your help!

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We both felt so comfortable in they way our Estate Planning was handled. We felt like someone was watching out for our best interest. Everyone we worked with at the firm was thorough, and explained everything in a way where we could walk away feeling like everything was complete.

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