Why “Close Enough” Never Works When Revoking a Joint Trust A New Jersey appellate court just reminded every estate planner that revoking a joint trust requires more than good intentions […]
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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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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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