How Do Special Needs Trusts Work?
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Protect your adult children with disabilities using a special needs trust.
Special Needs Planning
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Estate planning should always be customized to each individual creating a plan. This is particularly important when planning for beneficiaries with disabilities.
Why are Contingent Beneficiaries Important?
![Three generations of a family in the living room. Ensure your beneficiary designations are current so you don't leave anyone out.](https://mcnair-dallaslaw.com/wp-content/uploads/38-2.png)
When planning your estate rarely will you experience difficulty naming your initial beneficiary or beneficiaries for your will, IRA’s or life insurance.
Can a 529 Plan Help with Estate Planning?
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You can set up a 529 savings plan account for any beneficiary. You can also set up accounts for as many beneficiaries as you want.
What Is the Purpose of a Pet Trust?
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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.
Why are Trusts a Good Idea?
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Whether you are trying to protect your assets from possible creditors, prevent young heirs from spending their inheritance or minimize estate taxes, there is likely a trust for you.
Create a Legacy With Your IRAs
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Maximize the impact of your legacy and make sure it supports the people and causes that are most important to you.
Can Estate Planning Reduce Taxes?
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Upstream basis planning is a trust strategy that can save wealthy people on their capital gains taxes and income taxes associated with highly appreciated assets.
Living Trust vs. Last Will – Which is Right for You?
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In this article, we will address two terms which some people use interchangeably, but which are very different things: living trusts and estate plans.
What Is the Best Way to Leave Money to Children?
![grandparent wealth transfer](https://mcnair-dallaslaw.com/wp-content/uploads/Beautiful-Smiling-Family.jpg)
Providing for future generations shouldn’t be (overly) taxing. To manage taxes as you pass down your assets, look into UTMAs, 529s, child IRAs and trusts.