I read an interesting article online called “Dynasty trusts let wealthy beat the taxman” that explained why a dynasty trust is becoming more popular and wanted to share it with you. In the article, author Elizabeth Ody, explains that “A dynasty trust funded with $10 million from a couple today could be worth as much as $184 million in 50 years, assuming no intergenerational transfer taxes and a 6 percent annual return, and before subtracting
In her article, “5 Ways to Pick a Great Place to Retire,” author Emily Brandon lists main items to consider when looking for a place to retire. It must have – good medical facilities, lower taxes, affordable cost-of-living, convenient transportation and low-cost homes. She must have had Florida on HER mind. Florida has numerous retirement communities, each with their own medical facilities. Because of the influx of retirees that head for better weather during the
There was a time when trust funds were only used by wealthy Americans who wanted to secure their assets and pass them on safely to their heirs. Today, setting up a trust fund has become recommended financial planning for those who want protection from creditors, predators, and divorce. Take for example the case of the Lumpkin siblings of Columbus, Ohio. The remainder of their deceased father’s estate has not yet been divided between the siblings
American Baseball League player, Derek Jeter who plays shortstop for the New York Yankees has changed the landscape, if not the skyline of Tampa, Florida. A year after they started building, the biggest home in Hillsborough County is completed. Jeter has long planned this project, buying adjacent lands in Davis Islands since 2005. The mansion, built in an English Manor style and situated near the water, cost $7.7 million. With seven bedrooms and nine baths,
