Being able to gain control of one’s individual personal finances is an almost impossible task. Read More
Gifts to family members, charities and others who may be object of the donor’s bounty, are an effective way to reduce the taxable estate and to split income for income tax purposes. Read More
Changes to the Internal Revenue Code made by TRA ’97 and the Internal Revenue Restructuring and Reform Act of 1998 (’98 Act). Read More
Generally, a defective grantor trust is an irrevocable trust for the benefit of children and/or grandchildren in which the grantor does not retain any income interest. Read More
The grantor retained annuity trust or GRAT is an effective planning strategy for transferring assets to the next generation at a discounted gift tax cost. Read More