Irrevocable Non-Grantor Trusts
As an alternative to a sale of an appreciated asset to an intentionally defective grantor trust (IDGT) or a self-cancelling installment note, you could sell an appreciated asset to children…
Read MoreIntentionally Defective Grantor Trusts
Like a grantor retained annuity trust, an installment sale to a grantor trust may be an effective means for a individual to transfer part of the future income or appreciation from…
Read MoreGrantor Retained Annuity Trusts
A grantor retained annuity trust (GRAT) is a gifting vehicle that offers a way to shift future appreciation of property to others at a minimal gift tax cost. Under this…
Read MoreDynasty Trusts and Generation Skipping Trusts
An irrevocable dynasty trust is a gifting vehicle that offers a way to shift future appreciation of assets to others while fixing the gift tax cost at today’s asset values.…
Read MoreQualified Personal Residence Trusts
In qualified personal residence trust (QPRT), you create an irrevocable trust to hold all or a portion of a principal residence. You direct the trustee to pay you the income…
Read More529 Plans and College Planning
Section 529 Plans have become a common estate planning technique to allow parents and grandparents to fund the education of their children and grandchildren. Parents or grandparents may not wish…
Read MoreMinor’s Trusts
A gift transfer device that combines the non-tax advantages of a trust with the annual gift tax exclusion is referred to as a “§2503(c) trust” or minor’s trust. The minor’s…
Read MoreLife Insurance Trusts
You may want to set-up an irrevocable life insurance trust. This effective estate planning tool is designed to collect the proceeds of your life insurance from a term insurance or…
Read MoreMedical Directives and Health Care Powers of Attorney
As noted, your estate plan also should include a separate durable power of attorney to give medical directives concerning medical, therapeutic or surgical procedures, including the administration of drugs. This…
Read MoreDurable Powers of Attorney
The Durable General Power of Attorney is a document that will facilitate the management of your assets during your life and in the event you become unable to do so…
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