Sometimes, we can be too clever for our own financial well-being. Most people want to avoid taxation as much as possible while maximizing their availability of their assets: this is human nature. However, this thinking can (and has!) put thousands of Americans in legal hot water or less-than-desirable situations.
One of the most important (and earliest) decisions you will make regarding your business is the structure. This is a big decision since it will have a huge impact on the amount of personal liability you take on, the amount of paperwork you are legally required to do and the amount you pay in taxes.
When estate planning many people wish to use their assets to help fund their favorite charities, in addition to providing for their families and loved ones. Donating can make a lasting impact on charities and you and your family can also reap tax benefits. The most popular variety of charitable trust is a charitable remainder trust.
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