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Articles By Chip

Wednesday, February 1, 2017

How to Guarantee Litetime Income, Save Taxes and Help Charity

By: Joseph T. “Chip” Buxton III, Certified Elder Law Attorney*

Since 1969, the federal tax code has authorized the use of a very powerful estate planning tool to reduce a taxpayer’s liability for capital gains taxes, income taxes, and estate taxes, all while guaranteeing a steady flow of income.  This tool is called a Charitable Remainder Trust.  Here is how it works.

You establish an irrevocable trust naming yourself as the trustee and contribute highly appreciated assets such as land, stock and/or rental property to the trust.


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Sunday, January 1, 2017

To Trust or Not to Trust: Should your Trust be the Beneficiary of an IRA?

By: G.P. Wakefield Buxton, JD, LL.M., MBA

One of the more difficult questions facing estate and financial planners overs the last few decades has been whether or not to name an individual’s trust as the beneficiary of a retirement account.


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Thursday, December 1, 2016

Trust Protectors

By: Joseph T. “Chip” Buxton III, Certified Elder Law Attorney*

In the last several years, I have been called upon to draft multi-generational trusts for my clients.  Commonly called the Dynasty Trust or a Perpetual Trust, these trusts are designed with individual Legacy Trusts to protect assets passing to children, grandchildren, or other beneficiaries from risks of divorce, mismanagement, death taxes, and the debts of the beneficiaries.  These trusts usually run for multiple generations, therefore, the clients recognize the possible need to amend the trust in light of changing laws and circumstances.  In addition, clients are also recognizing the need to name a Trust Protector for the family, which avoids the necessity in the future of having to involve a court to resolve disputes between beneficiaries or trustees, or asking a court to modify or change the Trust due to changes in the law or family situations.


Read more . . .


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