Yearly Archives: 2018

Overlooked Consequences of New Estate Tax Law

A dramatic change to our nation’s estate and gift tax laws occurred in 2018. This change increased estate and gift tax exemptions to such an extent that most decedents’ estates may never incur estate taxes. However, these increased exemptions also harbor

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Revoking “Irrevocable”​ Trusts — Decanting

It is commonly assumed that an “irrevocable trust” is one whose terms can never be changed. However, that assumption is not always true. There are many ways an “irrevocable” trust can be modified or even terminated. Some of those ways

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What is a Trust Protector

A Trust Protector is an individual or legal entity that can be given a broad range of authority to make changes in a trust document when those changes cannot be made because of the trust maker’s incapacity or death. Individuals

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2018 Changes to Estate and Gift Tax Laws

Important Tax Provisions in The Tax Cut and Jobs Act of 2017: Estate planning. Most taxpayers will never pay a federal estate tax. However, there remain many reasons to engage in estate planning. Trusts can avoid probate, provide protection from

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