Currently viewing the tag: "taxable estate"

In Trusts We Trust: Day 44

January 19, 2012 by admin

Qualified Personal Residence Trust (“QPRT”) A Qualified Personal Residence Trust places a grantor’s primary or secondary residence in a trust either for beneficiaries of the grantor’s choosing.  The trust could benefit any designated beneficiary, including but not limited to a spouse, children, grandchildren or any heirs, or for a foundation, religious organization, or charity. A […]

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In Trusts We Trust: Day 35

January 7, 2012 by admin

Life Insurance Trust A Life Insurance Trust is often chosen because it allows a grantor to exclude their life insurance from their taxable estate.  In addition, a Life Insurance Trust, can assist your heirs by providing them with an immediate influx of un-taxable cash, as well as helping to pay estate fees.  The proceeds from […]

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In Trusts We Trust: Day 34

January 6, 2012 by admin

Irrevocable Trust As you might guess from the name, an Irrevocable Trust is a legal instrument that cannot be altered, changed, modified or revoked after its original execution. In contrast to a Revocable Trust, which can be changed at will, an Irrevocable Trust is iron clad; once the grantor funds assets into the Trust, there […]

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In Trusts We Trust: Day 28

December 27, 2011 by admin

Grantor Retained Annuity Trust (“GRAT”) A Grantor Retained Annuity Trust, like yesterday’s Grantor Retained Income Trust is another type of split-interest trust that can be used to move potential gain out of the grantor’s estate and thereby escaping higher taxes at time of death. Essentially a Grantor Retained Annuity Trust is an estate-planning tool that […]

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