by Christine | Oct 11, 2012 | Estate Law, Estate Planning, Trusts |
Romney’s [estate planning] vehicle is known as an “intentionally defective grantor trust” or by the acronym IDGT — hence the nickname: “I Dig It.” Such trusts permit donors to give potentially unlimited amounts to children free of estate and gift taxes. All...
by Christine | Oct 10, 2012 | Estate Planning, Estate Tax |
Should the current estate tax law expire at year-end without Congressional action, nearly 15 million U.S. households will have a potential estate tax liability, according to new research. Will the Bush-era tax laws expire after December 31, 2012? To expire or not to...
by Christine | Oct 8, 2012 | Estate Law, Estate Planning |
A majority of families wealthy enough to have their own financial offices may have estate plans that are sorely out of date, according to a survey by Rothstein Kass, a leading national professional services firm providing accounting, auditing and tax services. An...
by Christine | Sep 27, 2012 | Estate Plan, Estate Planning, Financial Planning |
If anyone needs proof of the importance of revisiting their estate plans annually, consider the case of a wealthy family that sold its retailing business to Best Buy. Perhaps you have heard that 2012 is a unique year for planning. However, did you know that 2010 was...
by Christine | Sep 26, 2012 | Estate Planning, Living Trust |
The trouble with do-it-yourself planning is that even if your situation seems simple, there are many oddball things a layman wouldn’t think of that can go wrong, especially with wills and trusts. No one wants to pay for something he or she can do themselves. Right?...
by Christine | Sep 19, 2012 | Estate Planning, Trust Protector, Trusts |
The [Trust] Protector is so useful, and it has become so commonplace, that the concept should almost always be discussed between planners and those looking to form trusts. In every trust arrangement there are three fundamental parties: the settlor, the trustee, and...
