For the past decade, the federal unified transfer tax system has provided an amount that anyone can pass either by gift or at death to persons other than a spouse free of tax. This amount is called the “applicable exclusion...more
Six months ago, the greatest global economic contraction of our lifetimes began. We could not foresee then how widespread and cataclysmic it would be, but we knew that for those clients with fortitude and foresight, the...more
Twelve years ago, the nation entered the Global Financial Crisis, caused by a combination of artificially inflated real estate prices and behaviors by certain financial institutions ranging from speculative to criminal. The...more
In a previous newsletter, we recently heralded the passage of the “Connecticut Qualified Dispositions in Trust Act”, which permits the creation and establishment of self-settled domestic asset protection trusts (“DAPTs”). To...more
9/12/2019
/ Annuities ,
Asset Protection ,
Capital Gains ,
Creditors ,
Distribution Rules ,
Domestic Asset Protection Trust (DAPT) ,
Estate Planning ,
Grantor Trusts ,
Income Taxes ,
Trustees ,
Trusts