Non-Grantor Trusts

InterActive Legal, Peak Trust Company, and Shenkman Law invite you to a complimentary webinar on “Flexible Beneficiary Trusts” – a trust design strategy for keeping assets protected from creditors and potential spendthrift beneficiaries…

Irrevocable Trusts can be created in all InterActive Legal practice systems, often in an effort to remove assets from the taxable estate at death or to prevent assets from being countable resources for government benefits eligibility.  …

Since at least 1986, when tax brackets for almost all Americans were compressed, and as a result of Rev. Rul. 85-13, which held that grantor trusts effectively did not exist for income tax purposes, grantor trusts have been one of the most…

Join us for a complimentary in-depth discussion of two recent court opinions of great importance, both of which should be considered in trust planning and in trust administration.

As any estate planner knows, the 2017 law commonly referred to as the "Tax Cuts and Jobs Act" or "TCJA" changed the landscape of estate planning, perhaps not permanently, but for the near future.

Incomplete non-grantor (ING) trusts, transfers to which aren't completed gifts and aren't grantor trusts for income tax purposes, may help to navigate the adverse income tax changes individuals face under the Tax Cuts and Jobs Act (the…

The Tax Cuts and Jobs Act (the Act) has radically changed income and estate taxation for many Americans, calling for new approaches to various aspects of planning for U.S. individuals. Although changes also were made to…

Private Letter Ruling 201642019 (released October 14, 2016) revoked a prior favorable PLR on an increasingly popular estate planning technique, often referred to as the "ING trust" (described in further detail below). This article discusses…

The initial reaction and, in some quarters, the continuing reaction of many practitioners is that it is not possible to have lifetime transfers made to a trust be incomplete for federal gift tax purposes and have the trust not be a grantor…