If a property owner
intends for property to remain in trust for the use and enjoyment not only of
the owner's children, but for future generations of descendants, a
"dynasty trust" can be an excellent vehicle to accomplish this
objective. Careful consideration must be made as to the effect...
If the estate planning lawyers you know are looking even more pallid than usual this morning, its likely because of this story in today's WSJ :
A type of trust used by the wealthy to shelter assets from estate taxes for hundreds of years, or even forever, is under fire.
The proposal, which...
I have written in the past about designing Trusts for children. Indeed, you can see under the "Most Popular Posts" section of my blog, a post devoted to the subject.
In planning for children, the question always comes up: upon the death of the second parent, how do I protect the children...
Happy New Year
The end of the year and the start of a new one is the traditional
time for retrospectives and predictions. In the estate world, the
dominate theme in 2011 was the extraordinary asset transfer
opportunities available to the wealthy. Specifically, the right to give
By Genevieve M. Moore , Morrison & Foerster LLP
As the year winds down, many of our
clients are taking advantage of the unprecedented opportunity to make gifts of
up to $5,120,000, per donor, free of any federal gift tax. Since the federal generation-skipping
transfer tax (GST) exemption is...