Using irrevocable trusts for estate planning can be powerful. They can reduce estate taxes, protect assets for children and other beneficiaries, hold life insurance, and move future appreciation outside a […]
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A spousal lifetime access trust (“SLAT”) is an irrevocable trust created by one spouse (the grantor spouse) for the primary benefit of the other spouse (the beneficiary spouse), often with […]
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Irrevocable gift trusts can benefit the whole family in times when you might want to make a large gift to your children or grandchildren. In many instances, making the gift […]
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In the only private letter ruling addressing incomplete gift, non-grantor trusts (“INGs”) in 2020, the IRS ruled that the subject trust was a non-grantor trust under section 671 of the […]
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