Why Should Your Preserve Your Digital Legacy?
Have you ever sat down and tried making a list of all your Digital Assets like social media accounts, subscription accounts, or the cloud storage you have used? if yes then, you would know it’s not easy to keep a track of them at all times. So think about what happens to these Digital Assets […]
5 Steps To Make And Sell NFTs On OpenSea
Launched in December 2017, OpenSea is an NFT market where buyers and sellers can exchange goods directly(peer-to-peer). OpenSea is the first open marketplace for any NFT on the Ethereum blockchain. With the largest range of categories and compatibility for multiple blockchain technologies, OpenSea is the largest general marketplace for user-owned digital objects. If you are […]
5 Top Cryptocurrency Exchanges In 2022
In the Cryptocurrency space, you will come across many different things. Those range from Trading platforms to Dapps and even ICOs. Cryptocurrency Exchanges are at the top of that list. There are around 100+ Cryptocurrency Exchanges that operate worldwide. Whether you’re looking to buy Bitcoin, Ether, or any other popular Cryptocurrency, you need a Cryptocurrency […]
How to Buy Bitcoin?
Bitcoin has been popular among all Cryptocurrencies but many people get perplexed by the process to buy and use Bitcoins. Cryptocurrency is seen as a tricky concept by many (possibly due to the fact that many people do not understand the technical methods involved), thus considering Cryptocurrency and NFTs a risky investment. However, many people […]
What is a Land Trust?
A land trust is a legally enforceable trust arrangement between a property owner and a trustee that allows the trustee to keep the property either with or without surrendering the property’s title and control. A land trust’s purpose is determined by the kind of land trust. Real estate trusts, sometimes known as “Illinois land trusts” […]
What is a Charity Trust and How Does It Work?
A charitable trust is a means to build up your assets in such a manner that they benefit you, your beneficiaries, and a charity all at the same time. For philanthropically inclined people with non-essential assets such as stocks or real estate, a charitable trust might provide several financial benefits. But how do these trusts […]
What is a Qualified Terminable Interest Property (QTIP) Trust?
Qualified Terminable Interest Property Trust or QTIP Trusts are a smart estate planning strategy that enables a Grantor (the person who formed the Trust) to protect the future of their spouse, children, and legacy. This article will teach you all you need to know about the Qualified Terminable Interest Property Trust. Table of Contents What […]
What is a Qualified Personal Residence Trust?
QPRT (Qualified Personal Residence Trust) is a type of irrevocable trust intended to keep the value of your main or secondary residence out of your taxable estate. Creating a QPRT and thereby transferring ownership of your residence into that trust is a complicated process that cannot be reversed. QPRTs have both advantages and disadvantages. What […]
What is an Irrevocable Life Insurance Trust (ILIT)?
Many individuals are unaware that the proceeds from their life insurance policies may be included in their estates for tax reasons after they die. Depending on the policy’s value, this might result in an estate tax liability. It is, however, preventable. It is not an unbreakable rule, and there are exceptions. If you want to […]
What are Generation-Skipping Trusts?
A generation-skipping trust is one in which the beneficiary is a grandchild, great-niece or great-nephew, or anybody who is at least 37.5 years younger than the settlor. A generation-skipping trust is designed to avoid one round of estate tax. When passing on assets to heirs, generation-skipping trusts provide tax benefits by allowing you to skip […]
