When Estate Planning practitioners talk about the “Holy Grail” of Estate Planning, they generally mean the intentionally defective grantor trust which includes the assets contributed to it in the grantor’s income tax for income purposes but excludes such assets from the grantor’s estate for estate tax purposes. The 529 plan provides yet another example of the “Holy Grail” in Estate planning by allowing tax-free growth, control of the plan until the death of the grantor without estate tax inclusion, and protections in the event of bankruptcy, among other things. Read on to learn more.
I am a prior owner of Amen, Gantner & Capriano, Your Estate Matters, L.L.C., retired from practicing law as of June 1, 2022. I still work part time for the firm as support and tax preparation Read More!
Latest posts by Charlie Amen (see all)
- The SECURE Act – the Gift That Keeps On Giving - October 12, 2023
- A Real-Life Look at the Application of the Slayer Statute - October 5, 2023
- Gen X – This One’s for You (Really Every Generation Should Read This) - September 27, 2023
