Carl Holborn

Tax and Wealth Advisor Alert: Irrevocable Life Insurance Trust, a Technique to Eliminate Estate Taxes on Life Insurance Proceeds and to Provide Liquidity to an Estate Plan

An Irrevocable Life Insurance Trust (ILIT) is a special kind of trust that is designed to own life insurance. The…

2 years ago

Spousal Lifetime Access Trusts, A Powerful Estate Planning Tool for Complex Estates

The Spousal Lifetime Access Trust (SLAT) is a type of irrevocable trust that allows married couples to transfer assets to…

2 years ago

Tax and Wealth Advisor Alert: How Does Life Insurance Work with an Estate Plan?

We must always expect the unexpected. We can be careful and prudent in our daily lives, but there are certain…

2 years ago

Tax and Wealth Advisor Alert: What is an Estate Plan?

We are often asked, “What is an estate plan?” An estate plan can mean different things depending on your unique…

3 years ago

Tax and Wealth Advisor Alert: Irrevocable Income-Only Trusts, How They Can Help You Apply for Medicaid and When they Should be Avoided.

An irrevocable income-only trust can be an indispensable tool when planning for retirement and long-term care expenses. It’s important to…

3 years ago

An Educational Business Series for Success: Setting in Place an Exit Strategy When the Time Comes and Minimizing the Potential for Conflict

In our last article, we reviewed why creating a buy-sell agreement can protect the owners of a company and help…

3 years ago

An Educational Business Series for Success: Why Buy-Sell Agreements are Necessary Even if You Don’t Plan to Sell Your Company Soon

Long before a closely-held business is readied for sale, it should be protected by the owners creating a buy-sell agreement.…

3 years ago

Tax and Wealth Advisor Alert: President Trump’s Budget Proposal Extends the TCJA Tax Cuts

President Trump unveiled a budget proposal for the 2021 fiscal year. Of note, the income tax and estate tax cuts…

5 years ago

No-Contest Clauses

When Denver Broncos owner Pat Bowlen died in June 2019, he left behind a professional football franchise valued at more…

5 years ago