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Estate Planning › Dynasty Trust

Estate Planning is a process where individuals prepare or plan for the settlement of their personal affairs in the event of incapacitation or death. Estate plans typically include provisions relating to the... more +
Estate Planning is a process where individuals prepare or plan for the settlement of their personal affairs in the event of incapacitation or death. Estate plans typically include provisions relating to the disposition of assets, guardianship of minor children, and appointment of representatives to make medical and financial decisions. Effective estate planning can decrease tax liability and facilitate the probate process.  less -
Husch Blackwell LLP

Understanding the 2026 Changes to the Estate, Gift, and Generation-Skipping Tax Exemptions

Husch Blackwell LLP on

The Tax Cuts and Jobs Act of 2017 provided major changes to the Internal Revenue Code, specifically doubling the federal estate, gift, and generation-skipping transfer (GST) tax exemption (collectively, the exemption) from...more

Warner Norcross + Judd

Trusts 101, Part 3 – Trust Acronyms Explained

Warner Norcross + Judd on

Trusts serve a variety of tax, asset protection and estate planning purposes for families, and over the years different types of trusts have evolved to best serve families’ planning needs and objectives. Each type of trust...more

Adler Pollock & Sheehan P.C.

Dynasty Trust - Create a Trust That Can Span the Ages

Adler Pollock & Sheehan P.C. on

Do you want to leave a legacy for your family? Besides passing along prized heirlooms, you can arrange a long-lasting transfer of wealth through multiple generations by using a dynasty trust. Not only can such a trust avoid...more

Chambliss, Bahner & Stophel, P.C.

Dynasty Trusts: A Tax-Efficient Way to Pass Wealth Down Through the Generations

Chambliss, Bahner & Stophel, P.C. on

If you want to pass money to future generations without having it subject to gift and estate taxes, then a dynasty trust may be right for you. A dynasty trust allows trust assets to be used for the benefit of multiple...more

Blank Rome LLP

Estate Planning in 2021 and Beyond: The Possible Impact of Democratic Control in Washington

Blank Rome LLP on

The Democrats now have effective control over the presidency, the Senate, and the House, at least until the 2022 mid-term elections. These political realities, along with current economic conditions, make it more likely that...more

Gerald Nowotny - Law Office of Gerald R....

HEAVEN CAN WAIT

Gerald Nowotny - Law Office of Gerald R.... on

Nowotny On Death and Taxes podcast episode #24, discusses using the Loan Method of Split Dollar in the After-Life!...more

Baker Donelson

Estate Planning Alert: Take Advantage of 2020 Planning Opportunities Now

Baker Donelson on

If you are a high-net worth individual, 2020 may be the time to take advantage of the opportunity created under a confluence of low applicable federal rates, valuation opportunities, and the temporarily increased Unified...more

Farrell Fritz, P.C.

Wealth Transfer Opportunities with Devalued Assets

Farrell Fritz, P.C. on

The COVID-19 pandemic continues to have far-reaching effects which are expected to be felt for months to come, if not longer. The economy has been hit hard and the stock market has seen a dramatic reduction in value. ...more

Adler Pollock & Sheehan P.C.

Insight on Estate Planning - August/September 2019: Estate Planning Pitfall - You’re setting up trusts in your home state

Adler Pollock & Sheehan P.C. on

Generally, the logical place to establish a trust is in one’s home state. However, for a variety of reasons, that may not be the best option. One may be better off establishing the trust in a different jurisdiction. This...more

Smith Debnam Narron Drake Saintsing & Myers,...

Understanding Potential Pros and Cons of Using Dynasty Trusts

Smith Debnam Narron Drake Saintsing & Myers,... on

Wealthy individuals and families have long used different types of trusts to pass on their assets at death. Properly-structured trust instruments can eliminate the need for probate court and the publicity that comes with it...more

Williams Mullen

Cahill Case Sheds Light on Tax Court’s View of Intergenerational Split Dollar Agreements

Williams Mullen on

On June 18, 2018, the Tax Court issued a memorandum denying a motion for partial summary judgment filed by the Estate of Richard Cahill (T.C. Memo 2018-84). It was the second time in two years that the Tax Court had addressed...more

Adler Pollock & Sheehan P.C.

Insight on Estate Planning - April/May 2017

Adler Pollock & Sheehan P.C. on

Protect multiple generations with a dynasty trust - Dynasty trusts have nothing to do with the popular soap opera from the 1980s, but everything to do with leaving a lasting legacy. Although this type of trust is often...more

Proskauer Rose LLP

Valuation Discounts for Transfers of Interests in Family Entities May Be Severely Curtailed – You May Want To Act Now

Proskauer Rose LLP on

On August 2, 2016, the Treasury Department and the Internal Revenue Service (the "IRS") issued proposed regulations under section 2704 (the "Proposed Regulations") of the Internal Revenue Code of 1986, as amended (the...more

Gerald Nowotny - Law Office of Gerald R....

Double Down! - Inter-Generational Split Dollar Throws Sand in the Face of the IRS Again

Gerald Nowotny - Law Office of Gerald R.... on

Recently I wrote an article on JD Supra called Split to Be Tied (May 4, 2016) regarding the Tax Court decision in Estate of Morrissette, (Estate of Clara M. Morrissette v. Commissioner, 146 T.C. No. 11 (April 13, 2016)). Once...more

Gerald Nowotny - Law Office of Gerald R....

Split to Be Tied!

Gerald Nowotny - Law Office of Gerald R.... on

Looking Beyond the Morrissette Decision and Around the Corner for Inter-Generational Split Dollar - Overview - I have had the opportunity throughout my career to know top life insurance agents as well as several top...more

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