Resources

November 20, 2015

Your Estate and Your Family

Written by: Mainsail Family Trust Categorized in:

Closing up any gaps in your estate plan can help ensure that your surviving family won’t face unnecessary difficulties when settling your estate and that your assets will be distributed as you intended. Keep Documents Current A will is the foundation of an estate plan. Yet some individuals never get around to writing a will — or they create one...

November 20, 2015

Sudden Wealth Syndrome: Don’t Let it Happen To Your Children

Written by: Mainsail Family Trust Categorized in:

With a lottery ticket, Geraldine Williams went from being an average working class woman to a multimillionaire. You’d think her problems were solved, but professors who study those whose fortunes change in a heartbeat say pitfalls could lie ahead. Therapist Stephen Goldbart, PhD, of Kentfield, California, says the newly rich “feel cut off from their friends and family. They’re suspicious...

November 20, 2015

Dynasty Trusts: Exempt For Generations

Written by: Mainsail Family Trust Categorized in:

In the 1900s, a handful of industrialists and entrepreneurs had amassed tremendous fortunes. John D. Rockefeller had made his name in oil, Henry Ford in automobiles, Andrew Carnegie in steel. Their estates, in today’s dollars, would rival those of Bill Gates and Warren Buffett. The reason many of us know their names today is the lasting legacy their wealth was...

November 20, 2015

Trusts: A Flexible, Multipurpose Planning Tool

Written by: Mainsail Family Trust Categorized in:

Do you need a trust? Before you say “no,” take some time to learn more about some of the things a trust can do for you. A trust is simply a legal arrangement under which you transfer assets to a trustee’s care. The trustee then holds and manages those assets for the benefit of one or more beneficiaries. Essentially, a...

November 20, 2015

Credit Shelter Trusts

Written by: Mainsail Family Trust Categorized in:

A credit shelter trust is an irrevocable trust established after the death of a married spouse for benefit of the surviving spouse. The primary purpose is to shelter the deceased spouse’s available credit against the estate tax.  Do We Need A Credit Shelter Trust? There is an unlimited estate tax deduction for property left to a surviving spouse. This eliminates...

October 26, 2015

Market Update

Written by: GFS Private Wealth Categorized in:

In light of recent volatility in the financial markets, we would like to pass along a slide which we have shared many times over the years. The Purple Dots Each purple dot on this chart represents the largest intra-year decline per calendar year.  While there are some visible outliers like 2001-02 and 2008, the average intra-year decline for the S&P...