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Legal

Beneficiary-Controlled Trusts

19th May 2010
Estate planners use trusts to protect beneficiaries from their inability, their disability, their creditors and their predators. Included under "creditors" are the IRS and divorced spouses. Most traditional trusts distribute the assets when the beneficiar...
Author: Julius Giarmarco, Esq.
Estate Planning

Switching Irrevocable Life Insurance Trusts

26th March 2010
Irrevocable life insurance trusts ("ILITs") are commonly used to keep insurance proceeds outside the estates of the grantor-insured, the grantor's spouse, and the grantor's descendants (if a generation-skipping trust is used). As the name indica...
Author: Julius Giarmarco, Esq.
Estate Planning

Using Trusts to Protect Heirs

25th March 2010
Estate planners use trusts to protect beneficiaries from their inability, their disability, their creditors and their predators. Included under "creditors" are the IRS and divorced spouses. More sophisticated estate planners generally create multi-generat...
Author: Julius Giarmarco, Esq.
Estate Planning

Installment Sales to Grantor Trusts

25th March 2010
An installment sale to a "grantor trust" can provide valuable income, gift and estate tax benefits. If the assets sold produce a total return (income and appreciation) in excess of the interest rate on the note, substantial wealth can be removed from the ...
Author: Julius Giarmarco, Esq.
Trusts

Using Trusts to Protect Heirs

19th March 2010
Estate planners use trusts to protect beneficiaries from their inability, their disability, their creditors and their predators. Included under “creditors” are the IRS and divorced spouses. More sophisticated estate planners generally create m...
Author: Julius Giarmarco, Esq.