Resources

February 2, 2018

Mainsail Family Trust- February 2018 Newsletter

Written by: Mainsail Family Trust Categorized in:

The Role of a Trustee – Responsibilities and Liabilities The roles and responsibilities of a trustee are the same regardless if he or she is a family member or a hired professional. It is important to understand these responsibilities in order to decide whether to use an individual trustee or a corporate trustee to administer the trust. Who Will Serve...

January 8, 2018

Mainsail Family Trust- January 2018 Newsletter

Written by: Mainsail Family Trust Categorized in:

Is It TRU? Tax Reform Update Assuming a final version of the new tax law gets passed in its current form (as of this writing December 17, 2017) and is to the president’s desk by December 25, 2017, the U.S. will have a new tax law for the new year. What affect this will have on each person depends on...

December 1, 2017

Mainsail Family Trust- December 2017 Newsletter

Written by: Mainsail Family Trust Categorized in:

Giving With Impact It is important to understand the philanthropic landscape in order to give in a way that is beneficial to everyone involved. Making the most from gifts to those who have the least is a typical objective, and coordinating this goal with family legacy ties up the gifts with a bow, so to speak. This article will explore...

November 1, 2017

Mainsail Family Trust- November 2017 Newsletter

Written by: Mainsail Family Trust Categorized in:

Don’t Fumble the Handoff The American Dream: owning your own business, being your own boss, passing the family business to heirs or selling it for a big payday. Most people have a hard time accomplishing the latter part of this effectively. In fact, only about half of business owners have succession plans. Why is this so? In most cases, owners...

October 2, 2017

Mainsail Family Trust- October 2017 Newsletter

Written by: Mainsail Family Trust Categorized in:

Charitable GRAT For many years Grantor Retained Annuity Trusts (GRATs) have been all the rage in gift planning for wealthy individuals and families because of recent low interest rates. There may be an even better gift planning solution in the charitable GRAT. With the charitable GRAT, also known as the Charitable Lead Annuity Trust or CLAT, individuals can combine charitable...

September 19, 2017

GFS Private Wealth Celebrates 5 Years

Written by: GFS Private Wealth Categorized in:

This month we celebrate the five-year anniversary of GFS Private Wealth!   When we started this firm in 2012, we knew that we were creating something special, and the last five years have undoubtedly been the most fulfilling of our professional lives.  You’ve given us a unique position of confidence and trust, and we are grateful. A few milestones to mark...

September 5, 2017

Mainsail Family Trust- September 2017 Newsletter

Written by: Mainsail Family Trust Categorized in:

The Premature Death of Life Insurance The role of life insurance is often misunderstood. Perhaps if it were called “Premature Death Insurance” more people would understand and feel comfortable with it. Since death is inevitable it’s important to ask, will there be money available to fund one’s obligations when it happens? Immediate cash is often needed for burial costs, paying...