05.11.2015
Is GRAT Under Threat?
When Congress finally passed the American Taxpayer Relief Act at the beginning of 2013, everyone was hopeful that the years of uncertainty about estate tax …
Is GRAT Under Threat?
When Congress finally passed the American Taxpayer Relief Act at the beginning of 2013, everyone was hopeful that the years of uncertainty about estate tax numbers was finally coming to an end. If President Obama gets his way, though, it’s likely that estate tax reform isn’t over yet. GRATs could be a big target here, since they allow someone to put funds into an irrevocable trust and still keep the right to get distributions back over the course of term. 
The grantor gets an annual annuity for a fixed period while beneficiaries get the rest at the end of the term. The current administration is hoping for a long 10 year term as well as some gift tax valuation on transferred funds. What this does, if moved forward, is increase the “mortality risk” of a GRAT. If the grantor passes away during the term of the trust, the trust assets could be included in the estate for the purposes of taxes. If these changes are made, wealthier individuals might not be able to use any short-term GRATs to reduce that risk.
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Blog
05.08.2015
Estate Planning is About More Than Document Creation
Whether you’re an individual setting up your plans for your loved ones to receive assets after you pass away or a business owner trying to …
05.07.2015
Estate PLanning Tips for Incapacity,for Homeowners & for Single Individuals;Key Benefits of a Revocable Trust
https://www.youtube.com/watch?v=2iOFLzuTnRE&index=1&list=PLB62qn_iXR3vt6TgAOfAE6aXpQyrhHtdn Hear the Attorneys of the Law Firm of Shah & Associates, P.C. Describe the Highlights of this Week’s Blog Posts. For the full post, …
05.07.2015
Is My Will Out of Date?
Standard estate planning advice goes that you should at least have a Will for estate planning purposes, but it’s imperative that you understand the importance …
05.06.2015
Fast Facts on Multigenerational IRAs and Estate Planning
A multi-generational IRA is one that allows an individual’s retirement plan to be “stretched” to first-generation beneficiaries as well as subsequent heirs. This is why …
05.05.2015
Is Medicaid Planning An Effort to Avoid Government Regulations?
For some reason, there’s a belief out there that Medicaid planning is against the law or in some way trying to circumvent the system. The …
05.04.2015
Could Checklists Help Prevent Will Contests?
Although you won’t be around to witness it, a Will dispute can be extremely frustrating for your family members. To the extent that you can, …
05.01.2015
What Are the Key Benefits of a Revocable Trust?
When it comes to options for planning your estate, the revocable trust tends to be more flexible than other tools. You can change it over …
04.30.2015
The Five Key Estate Planning Documents for the Single Individual
Think you don’t need estate planning because you’re not married or have no children? It’s a mistake to skip over this vital process, because every …
04.29.2015
Estate Planning Guidelines for Homeowners
When you own a home, you open up the possibility for multiple heirs to argue over the property in the future. This could happen because …
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