Typical Living Trust Case Brief
The creator of the trust manages their own assets in the trust. All trust assets pass to designated beneficiaries without probate.
The creator of the trust manages their own assets in the trust. All trust assets pass to designated beneficiaries without probate.
Allows for transfer of assets now to reduce taxable estate later.
Permanent trusts are designed for the prolonged management of permanently and irrevocably transferred assets.
Split interest trusts provide income to one set of beneficiaries for a set time, then pay out to another set of beneficiaries.
The principal advantage of using an living irrevocable life insurance trust is that it may keep the life insurance policy proceeds from being taxed...
A CRT is an irrevocable trust that pays the settlor, the settlor's spouse or children, an annual income for a period of years or for life...
A GRIT is an irrevocable trust to which the settlor transfers assets while retaining an income interest for a term of years selected by the settlor...
Provides significant estate and gift tax savings for taxpayers with substantial equity in their principal residences and vacation homes...
Property reassessments with changes in ownership interest can trigger increases taxes.
We have been successful in utilizing offers in compromise and other approaches to significantly reduce tax liability.