What is a Qualified Terminable Interest Property (QTIP) Trust?
Qualified Terminable Interest Property Trust or QTIP Trusts are a smart estate planning strategy that enables a Grantor (the person who formed the Trust) to protect the future of their spouse, children, and legacy. This article will teach you all you need to know about the Qualified Terminable Interest Property Trust. Table of Contents What […]
What is a Qualified Personal Residence Trust?
QPRT (Qualified Personal Residence Trust) is a type of irrevocable trust intended to keep the value of your main or secondary residence out of your taxable estate. Creating a QPRT and thereby transferring ownership of your residence into that trust is a complicated process that cannot be reversed. QPRTs have both advantages and disadvantages. What […]
What is an Irrevocable Life Insurance Trust (ILIT)?
Many individuals are unaware that the proceeds from their life insurance policies may be included in their estates for tax reasons after they die. Depending on the policy’s value, this might result in an estate tax liability. It is, however, preventable. It is not an unbreakable rule, and there are exceptions. If you want to […]
What are Generation-Skipping Trusts?
A generation-skipping trust is one in which the beneficiary is a grandchild, great-niece or great-nephew, or anybody who is at least 37.5 years younger than the settlor. A generation-skipping trust is designed to avoid one round of estate tax. When passing on assets to heirs, generation-skipping trusts provide tax benefits by allowing you to skip […]
What is a Credit Shelter Trust?
A CST (credit shelter trust) is a trust established following the death of a married couple’s first spouse. Assets deposited in the trust are normally kept separate from the surviving spouse’s estate, allowing them to transfer tax-free to the remaining beneficiaries upon the surviving spouse’s death. The surviving spouse may benefit from the assets in […]
What is Eulogy speech?
A eulogy is a way for you to mourn the death of a person that meant a lot to you. At the same time, it will also allow you to remember them and share your memories of them with others. Through this speech, you can also honor the memory of the departed and help support […]
16 Best Rock Songs For A Funeral
Rock and roll has been around for some time. From iconic bands like Led Zeppelin and Guns ‘N’ Roses to solo acts like Eric Clapton and Jimi Hendrix, there’s quite a collection of timeless rock artists and songs. However, rock is no longer the beast it once was. But even then, the genre still has […]
10 Best Pieces Of Classical Music For A Funeral
Classical music is something special. Written by people that came from an entirely different time, these timeless pieces are still capable of evoking the strongest emotions in us. Despite the lack of lyrical content, the melodies and arrangements are all that it takes to express your feelings. When choosing the classical music for a funeral […]
18 Best Non-Religious Funeral Songs
Funerals can be tough. The loss of a loved one always hits hard, and you might not be in a situation where you’re capable of expressing how you really feel. It’s in these situations that music comes through. The decision to choose non-religious funeral songs for a playlist could be for a number of reasons. […]
16 Touching Songs About Daughters
In life, there are times when your emotions can get the better of you and you might be left at a loss for words. In such situations, music can serve as a way of expressing your emotions. Parents share a unique bond with their children. They’re often the most important people in your life. And […]
