This month’s Alert examines how effective use of disclaimers can save millions in taxes. The Alert examines a ruling request presented to the IRS involving such a situation. Compliments of Our Law Firm, Written By: The American Academy of Estate Planning Attorneys Often parents do not consider the potential future success of their children in structuring their own estate plan. If a child is fortunate enough to have a taxable estate (over $5,120,000 currently, scheduled to drop to $1 … [Read more...] about Double Disclaimer Saves Millions in Estate and GST Tax
TRA 2010 Creates Opportunity for New Planning Strategy – The FlexTrust
The question of whether to fund a credit shelter trust has long been a central question in estate planning. With the new tax law and it’s temporarily increased exemption, the question is all the more relevant. This month’s alert discusses a new method of adding flexibility to your clients’ trust. The FlexTrust allows an independent Trust Advisor to decide whether and to what extent the credit shelter trust should be funded. With the passage of The Tax Relief, Unemployment Insurance … [Read more...] about TRA 2010 Creates Opportunity for New Planning Strategy – The FlexTrust
