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“Grantor trust” is one of the most useful — and most misunderstood — terms in estate planning. It does not describe what a trust does or who it benefits. It describes how a trust is treated for income tax purposes. Understanding that distinction unlocks some of the most powerful planning strategies available today. What grantor…
Many professionals and business owners spend years building significant assets through their careers and investments. As wealth grows, it is natural to begin thinking about how to protect those assets from potential future risks while still maintaining a thoughtful estate plan. One planning structure sometimes considered in these situations is an asset protection trust. Understanding how…
For families who have accumulated significant assets, estate planning is often about more than simply passing property to the next generation. Many clients are also thinking about how to preserve wealth for children, grandchildren, and future generations. One planning tool that can help achieve that goal is a dynasty trust. While the concept may sound…
For many business owners, the most significant financial moment of their lives is a liquidity event—such as the sale of a business, a merger, or a public offering. These events can create substantial wealth very quickly. But they can also create significant tax exposure and estate planning challenges if planning has not been addressed in…
When people begin thinking about estate planning, one of the first terms they hear is “revocable living trust.” Many clients come to us wondering whether they actually need one or whether a will alone is enough. For many families—especially those with real estate, investments, or business interests—a revocable living trust can be a very effective planning…
For individuals with significant assets—particularly business owners and executives—estate planning often involves strategies designed to transfer wealth efficiently to the next generation. One technique that is frequently used in sophisticated estate plans is the Grantor Retained Annuity Trust, commonly called a GRAT. While GRATs can sound complex at first, the core concept is relatively straightforward….
A practical overview of the core legal documents most families should have in place to protect their assets and provide clarity for loved ones.
Once a child turns 18, they are legally considered an adult in the eyes of the law. One critical item that often gets overlooked—estate planning for young adults.
Planning ahead is not only a matter of convenience—it is a critical step in protecting one’s financial and personal legacy.
One of the most overlooked tools in your estate plan are beneficiary designations. Here’s what you need to know about them.
A customized estate plan provides you with peace of mind, knowing your legacy will be preserved and your beneficiaries will be cared for.
In North Carolina, if you pass away without a will, the state—not you or your loved ones —will determine how your assets are distributed.
Estate planning is a critical element in this process, providing the tools and strategies necessary to protect your assets, ensure your wishes are carried out, and reduce the burden on your family.
With the upcoming election, it’s important to proactively plan for potential shifts in tax laws and regulations that may impact your estate plan.
Kiawah Island, South Carolina hosts an important Estate Planning continuing education conference in July of each year.
Understanding the step-up in basis can help you make strategic decisions about which assets to retain in your estate.
One of the most common mistakes that we see is making children co-owners on accounts to easily allow children access to funds to care for parents.
Estate planning ensures your wealth takes care of you and the ones you care about.
Estate planning isn’t just about numbers and assets; it’s about the legacy you leave behind for your loved ones.
Now that you have said your vows and “I do”, it’s time to dive in and plan your future together. Unlike planning a wedding, putting an Estate Plan into place is a piece of cake when you work with Stewart Law.
