by Christine | Aug 14, 2015 | Asset Protection, Elder Law, Estate Planning, GIfting, GRATs, Tax Planning, Trusts |
Some high-net worth families still face the challenge of reducing their estate to minimize or eliminate estate taxes, although the federal estate tax exclusion is currently larger than it has ever been. The portability of unused exclusion amounts are at $5.43 million...
by Christine | Dec 5, 2014 | Asset Protection, Conservatorships, Cost Basis, Estate Planning, Estates, GRATs, Guardianships, Inheritance, Living Trust, Power of Attorney, Probate, Tax Planning, Taxation, Trust Taxation, Trusts, Wills |
“Income-tax rates are going up so it becomes more expensive for a grantor to maintain the grantor trust status of a trust they’ve set up,” says Lynn Halpern Lederman, managing director and senior fiduciary counsel – Northeast Region at Bessemer Trust, a New York firm...
by Christine | Aug 23, 2013 | Estate Planning, GRATs, Trusts |
Clients with swiftly appreciating assets can transfer these assets and escape both gift and estate taxation on almost all of the appreciation using a combination GRAT-life insurance strategy in connection with the steep gift tax valuation discount available today....
by Christine | Aug 22, 2013 | Estate Planning, GRATs, Qualified Personal Residence Trust (QPRT), Trusts |
This type of trust allows a person to still live in a home for the term of the trust, deduct mortgage interest and real estate taxes, and then when the term of the trust expires, the home passes to the heirs and out of the owner's estate. The owners can retain the...
by Christine | May 10, 2013 | Budget, Dynasty Trust, Estate Planning, GRATs, Intentionally Defective Grantor Trust (IDGT), Obama |
… The new budget proposal targets various estate planning tools utilized by taxpayers in an effort to limit tax loopholes and generate revenue In the midst of the budget battlefield, many estate planning attorneys are closing watching the President’s budget proposal....
by Christine | Feb 7, 2013 | ATRA 2012, Estate Law, Estate Planning, Family Limited Partnership, GRATs, Small Business, Tax Law |
The good news is that the New Year’s day passage of the American Taxpayer Relief Tax Act Of 2012 or ATRA ended 12 years of uncertainty about how much could pass tax free; what the tax will be on transfers above that amount; and even whether there would be an estate...
