Intentionally Defective Grantor Trusts Under Attack by 2013 Revenue Proposals

By: David R. Schoenhaar, Esq.* A common Estate Planning technique is the utilization of intentionally defective grantor trusts. A grantor trust is a trust in which the grantor is treated as the owner for income tax purposes and when the grantor dies, the trust is often drafted in a manner to avoid...

Intentionally Defective Grantor Trusts on the Chopping Block?

Persons who have relied upon certain trusts as a means of limiting estate taxes upon their death might have cause for concern regarding an Obama administration budget proposal for 2013. While the current proposal remains very broad, and thus might be subject to change down the road, as it stands now...