Resources

Gift-Splitting for Transfers to Trusts

Proper gift tax planning and reporting of transfers to SLATs can be complex. Understanding the gift tax rules when designing a transfer to a SLAT is important. Ensuring the transfer is properly structured and reported for gift tax purposes is critical to achieving the client’s tax planning goals.

IRS Affirms GST-Exempt Trust Merger

Merging irrevocable trusts can reduce administrative burdens, lower costs and simplify investment management. However, these mergers must be carefully planned, especially when GST-exempt trusts are involved, due to the complexity of the exemption and inclusion ratio rules under Chapter 13 of the Internal Revenue Code.

Merge Ahead: Combining IrrevocableTrusts

A practical guide to balancing fiduciary duties, beneficiary interests and tax efficiency.

Estate Planning Roles and Responsibilities

One of the most important aspects of estate planning is selecting “fiduciaries,” the “who does what” part of your estate plan. Learn about these trusted roles that are subject to the highest level of care the law requires.

Disclaimer Trusts and the Clayton QTIP Election

An essential aspect of estate planning is that circumstances are subject to change, especially when it comes to applicable tax law. To help plan for the uncertainty, revocable trust plans for married persons can achieve tax advantages.

Benefits of a Revocable Trust

A proven alternative to a will, a well-crafted revocable trust helps you avoid probate and maintain control of your assets while you are alive and after you die.

One-Way Buy-Sell Agreements

A one-way buy-sell agreement between an owner of a closely held business and a future buyer protects both parties.

Benefits of an Ohio Legacy Trust

Ohio permits individuals to create personal trusts, be the beneficiaries of those trusts, and use those trusts to protect their assets from nearly all future creditors.

Estate Planning Basics

An at-a-glance summary of transferring assets through wills, trusts, and powers of attorney.

Non-Reciprocal Spousal Trusts

Until 2026, a unique opportunity exists for clients to shift up to $22 million from their taxable estates. The option is available for all clients regardless of their net worths.

Keeping Assets in Trust

This memorandum explains why I strongly believe that all but a small gift or inheritance should be made to one or more trusts for the benefit of your family, instead of giving or leaving assets directly to them.

Tax Legislation Update

June 15, 2021

Lifetime Credit Shelter Trust

This sophisticated irrevocable trust is an advanced technique often used by families who may be subject to estate tax and/or are interested in asset protection.

Choosing a Fiduciary: Executor, Trustee, or Guardian

Choosing an executor, trustee, or guardian (a fiduciary) is often the most important decision you will make in connection with your estate and financial planning. Here is a list of things to consider.

Qualifying for Public Charity Status

Tax-exempt status under Section 501(c)(3) offers tax benefits to nonprofit organizations and their donors. Here’s how to quality.