The Split-Dollar Legacy Trust
January 25th, 2022Originally posted on wealthmanagement.com Every advisor is aware of the importance of clients making large gift transfers before 2013. Changes to the law are expected, including a reduction in the […]
Shenkman Law
Loans From An Irrevocable Trust: How To Do Them Right!
December 16th, 2021Originally posted on Forbes.com So, you have an irrevocable trust (or several) and you want to take a loan from the trust. While that might sound simple it really […]
What Estate Planning Should Be Done Now That Congress Might Not Change Anything?
December 1st, 2021This article was originally posted on the ABA Real Property, Trusts and Estates Law Section RPTE E-Report and can be accessed as here. By: Martin M. Shenkman, Esq. and Joy Matak, […]
Charitable Remainder Trust Economics, and Deciding Whether to Use a CRT, Including for Plan and IRA Distributions
November 11th, 2021This article was originally posted on Steve Leimberg’s Estate Planning Email Newsletter as Archive Message #296. Charitable remainder trusts (CRTs) are probably the most common type of trust where interests are […]
Self-Settled Trust Planning in the Aftermath of the Rush University Case
November 9th, 2021This article was originally posted on Steve Leimberg’s Estate Planning Email Newsletter as Archive Message #215. The Illinois Supreme Court recently held in the Rush University case that a self-settled trust […]
Using Decanting and BDOT Provisions to Avoid a Peppercorn of Income Potentially Triggering State Income Tax on a Trust’s Entire Income
November 9th, 2021This article was originally posted on Steve Leimberg’s Estate Planning Email Newsletter as Archive Message #205. Generally, states can only tax the income of non-residents that is sourced to that state, […]
Biden 2-Step for Wealthy Families: Why Affluent Families Should Immediately Sell Assets to Irrevocable Trusts for Promissory Notes Before Year-End and Forgive the Notes If Joe Biden Is Elected, A/K/A What You May Not Know About Valuing Promissory Notes and Using Lifetime Q-Tip Trusts
November 8th, 2021This article was originally posted on Steve Leimberg’s Estate Planning Email Newsletter as Archive Message #2813. Wealthy individuals who postpone taking appropriate action to eliminate estate taxes may not be able […]
Insurance Trusts Will Be Very Different If Proposed Tax Legislation Passes
October 12th, 2021Originally posted on Forbes.com Some Background: Senator Bernie Sanders with others have proposed a tax bill “For the 99.5%” implying that only the top ½ percent of the […]
Life Insurance And Insurance Trusts: What Should You Do Now Before Tax Laws Change
October 7th, 2021Originally posted on Forbes.com You Might Need to Plan Now Even if You’re Not Really Wealthy For wealth folks reviewing and beefing up insurance coverage and planning before […]
Swap Powers In Your Irrevocable Trust: How Do You Properly Exercise Them?
October 7th, 2021Originally posted on Forbes.com What is a Swap Power and Why do you Care? A “swap power” is also called a “power to substitute.” It is a special […]