by Christine | Nov 2, 2012 | Estate Law, Estate Planning, Trusts |
Defective grantor trust is a really stupid name for something that, in the right circumstances, can be a very good idea. Somewhere along the line somebody realized that people might be disturbed by hearing that their trust was defective so the term became...
by Christine | Oct 23, 2012 | Estate Planning, Special Needs Trusts, Trusts |
With each passing election season, the conversations about the cost of government-provided health care and Social Security get more urgent. But debates about the deserving and the undeserving and the proper level of budgets and taxes tend to gloss over the issue of...
by Christine | Oct 17, 2012 | Asset Protection, Trusts |
Sometimes you may hear “revocable trusts provide no asset protection” — however, this is only half-true. Trusts are powerful devices. In fact, even “revocable” trusts can afford valuable protection. Consider the case of Frank and Geryl Pearl, as reported in a...
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 | Sep 27, 2012 | Pet Trust, Trusts |
If you love your pet like a family member, the American Society for the Prevention of Cruelty to Animals has some advice: Consider planning for your pet's future care as though the animal were a real dependent. In a very real sense, the truest “dependant” a person...
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...
