Beware of the “Reciprocal Trust” Doctrine
Having spouses’ trusts that are too similar isn’t simpatico with the IRS and may trigger unintended tax consequences.
Whether you are still in the process of accumulating assets or wish to protect the wealth you have worked so hard to build, you want the peace of mind that comes with having financial professionals who will help you attain your financial and investment goals. Lumsden & McCormick Financial Services, LLC, a wholly-owned subsidiary of Lumsden McCormick, LLP, works with individuals and families to provide guidance every step of the way.
Learn more about how the proactive professionals on our Family Wealth and Estate Planning team will help you maximize your wealth, protect and preserve that wealth, and successfully transfer your wealth to the individuals and institutions important to secure your legacy.
Income Protection and Asset Preservation
For more information about our family wealth management and estate planning services, please contact a service team member below.
Given the proposed tax rate increase to individuals, planning will be the key to mitigate financial stress. Your key takeaways from this one-hour discussion will include planning strategies that you can implement now.Learn More