■ Beneficiaries on the Hook: A recent case held that the beneficiaries of an estate who were serving as trustees were liable for unpaid estate taxes. Johnson, DC Utah, May 30, 2012. ) ■ Trustee Not Liable on Change in Insurance Policies: Wachovia was the trustee on an insurance trust and structured a 1035 exchange…
■ Standby-BDIT: With 2013 potentially bringing whopping estate tax increases, bolstered by President Obama’s proposals to zap lots of fun estate planning toys (GRATs, discounts, grantor trusts, dynastic planning), what can rich folk do to protect their kiddies future estate plans? Set up a beneficiary defective irrevocable trust (“BDIT”) today for each kid and gift…
√ If you transfer entity interests in 2012 any entity distributions paid after the transfer should be paid to the then record owner which will be the trust. Prior to transfer of a flow through entity to the trust all distributions should be paid to the then member of record, you, in your personal capacity….
■ Standby-BDIT: With 2013 potentially bringing whopping estate tax increases, bolstered by President Obama’s proposals to zap lots of fun estate planning toys (GRATs, discounts, grantor trusts, dynastic planning), what can rich folk do to protect their kiddies future estate plans? Set up a beneficiary defective irrevocable trust (“BDIT”) today for each kid and gift…
√ If you transfer entity interests in 2012 any entity distributions paid after the transfer should be paid to the then record owner which will be the trust. Prior to transfer of a flow through entity to the trust all distributions should be paid to the then member of record, you, in your personal capacity….
■ Beneficiaries on the Hook: A recent case held that the beneficiaries of an estate who were serving as trustees were liable for unpaid estate taxes. Johnson, DC Utah, May 30, 2012. ) ■ Trustee Not Liable on Change in Insurance Policies: Wachovia was the trustee on an insurance trust and structured a 1035 exchange…
■ Root Canal Estate Planning: – Most clients use the root canal method of estate planning. Wait 5, 10 perhaps 15+ years between appointments. Do you complain about your estate planning being very complicated? Do you gripe about the costs? Is it a frustrating process? That may largely be due to your using the root…