by Jenna Schwerdtle | Aug 25, 2021
An effective way to pass wealth to future generations is through the use of a Dynasty Trust. A Dynasty Trust (sometimes also referred to as a Generation-Skipping Trust), is an irrevocable trust that continues for as long as the applicable state law allows. In addition...
by Jenna Schwerdtle | Aug 25, 2021
Making lifetime gifts now can ensure optimal use of the historically high federal transfer tax exemptions while they are still available. Under current law, the increased estate and gift tax exemption ($13.61 million per person, or $27.22 million for married couples)...
by Emily Rotondo | Aug 25, 2021
While historically high federal transfer tax exemptions remain in effect, the Spousal Lifetime Access Trust (“SLAT”) remains one of the most effective planning techniques for married clients. A SLAT is an irrevocable trust where the spouse is a permitted beneficiary....
by Emily Rotondo | Aug 25, 2021
Property transferred to a grantor trust (also known as an “intentionally defective grantor trust,” or “IDGT”) is excluded from the value of the grantor’s estate for estate tax purposes at death, but included as part of the grantor’s taxable income during life. This...
by Jenna Schwerdtle | Aug 25, 2021
Summer 2021 For the charitably inclined, transferring assets during life or at death to a public charity, private foundation and donor-advised fund is an excellent strategy to give back in a tax efficient way. Charitable giving remains a key consideration in a...
