This article reprint was recently published in the Bloomberg BNA’s Estates, Gifts, and Trusts Journal. Simple annual exclusion gifting can be a very valuable source of funding. Leveraging annual exclusion gifting with trust structures can potentially enhance the benefits. Utilizing the 2018 $11.18 million gift tax exemption has the potential to powerfully impact the educational
In a perfect world, creating and implementing your estate plan would be a straightforward process. Your intended distribution of assets would meet your goals and your family would see the plan as equitable to everyone. In reality, however, developing an effective estate plan can be a challenge both emotionally and financially. For example, you may
An important four-part series that discusses a host of issues involving state income taxes on trusts. Part One provides an overview of the various approaches to taxation of trust income, then reviews the various constitutional restrictions, as reflected in numerous federal and state cases. Part Two further examines these aspects, beginning with a discussion of
