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While most think of distributing wealth when they hear about estate planning, those with high-net-worth seek to distribute their wealth discreetly.  Indeed, estate planning involves sensitive information concerning assets, family, and final wishes.  Such information, if made public, could lead to unwanted attention and publicity, family disputes, and attacks from frivolous lawsuits.  An East Greenwich,…

Estate Planning is critical for high-net-worth individuals to ensure wealth preservation, tax efficiency, and seamless transfer of assets to heirs or charitable institutions.  One way to plan during life is through gifting.  Below, an East Greenwich, RI will lawyer who has helped families with net worths as large as $300 million will explore the advantages…

Selecting a trustee is an important decision and may be more complex than it seems at first.  Depending on the type of trust you are creating, the trustee will manage your trust, distribute assets, prepare and file (or hire someone to prepare and file) trust income tax returns, make decisions regarding trust funding, and carry…

You have created your Irrevocable Life Insurance Trust (ILIT) to shield the death benefit of your life insurance policy from inclusion into your Gross Estate for estate tax purposes.  However, the creation of your ILIT is just the beginning.  Without proper funding, you have a very expensive stack of paper that will not accomplish your…

Geoffrey M. Aptt, founder of Aptt Law LLC, brings nearly a decade of legal experience to his role as a trusted advisor to closely held and family-owned businesses. As outside general counsel, Mr. Aptt provides comprehensive legal support across a wide range of matters, including contract negotiation, employment law, compliance, and risk management. His background…

Estate Planning for real estate investors requires balancing tax efficiency, asset protection, and expectations about the amount of control one wants to maintain over their legacy.  For many investors, real estate is the cornerstone of their wealth.  The illiquid nature and tax complexities of real estate, however, provide a unique challenge to estate planning.  The…

In today’s digital age, we all have a growing list of digital assets, including online accounts, social media profiles, digital currencies, and cloud storage. A power of attorney (POA) can give a trusted person the authority to manage those assets if you become unable to do so yourself. Digital Assets And Their Importance Having a…

A will is an important legal document, but it doesn’t cover everything. Many assume that once they have one, their estate is fully protected. That’s not always the case. Other legal steps may be necessary to make sure assets are handled properly and loved ones aren’t left dealing with unexpected legal issues. Even with a…

Reaching your golden years is a time to reflect on a life well-lived and prepare for the future with confidence. Estate planning with a skilled estate planning lawyer is essential at any stage of life, but as retirement settles in and priorities shift, having a well-structured plan ensures that assets are protected, loved ones are…