The Role of Private Foundations in Estate Planning: Philanthropy and Legacy Building
Estate planning is more than just allocating assets—it’s an opportunity to define your legacy. One of the most powerful tools for doing so is a private foundation. By incorporating a private foundation into your estate plan, you can support causes that matter to you while creating a lasting impact for future generations. At Dana Law […]
Leveraging Irrevocable Life Insurance Trusts (ILITs) to Minimize Estate Taxes
When individuals seek to preserve their wealth for future generations, managing estate tax exposure becomes essential. Leveraging an Irrevocable Life Insurance Trust (ILIT) allows Arizona families to effectively remove life insurance proceeds from their taxable estate, while retaining control and flexibility. What Is an Irrevocable Life Insurance Trust? An ILIT is a specialized trust created […]
Navigating Estate Planning for Families with Estranged Relatives
When family relationships are strained, estate planning takes on added complexity and emotional weight. At Dana Law Group, the team understands that crafting a secure, effective plan for your assets requires both legal precision and sensitivity. This article outlines key strategies and practical advice for families dealing with estranged relatives, ensuring that your wishes are […]
Establishing a Dynasty Trust: Preserving Wealth for Future Generations
Understanding Dynasty Trust Estate Planning Estate planning is essential for families who want to preserve their legacy well beyond their lifetimes. One powerful tool that Dana Law Group offers in Arizona is the dynasty trust—a specialized irrevocable trust strategy that can protect your wealth for multiple generations. Not only does a dynasty trust shelter assets […]