Tax Planning, Irrevocable Trusts, Internal Revenue Code (IRC)

Trump Law’s Estate Tax Exemption Is a Boon for Wealth Planning

Hughes Hubbard & Reed LLP on 8/12/2025

President Donald Trump’s massive tax-and-spending package requires attention from both individuals and estate planners to advance their estate and income tax planning objectives. Originally Published by Bloomberg Law. ...more

Act Now or Pay Later? Estate Planning Strategies Before the 2025 Tax Sunset

Kohrman Jackson & Krantz LLP on 1/17/2025

The current federal estate tax exemption levels, introduced by the Tax Cuts and Jobs Act (TCJA) in 2018, have provided historically high federal estate tax exemptions. But this period of increased exemption is expected to...more

Exclusions, Exemptions, Estate Tax – What to Know in 2025

Jaburg Wilk on 1/9/2025

As we enter 2025, it’s important to stay informed about the current federal estate and gift tax laws, including annual exclusion limits and significant changes anticipated by the end of this year. Annual Exclusion Amount- ...more

IRS Takes Warning Shot at Section 643(b) Trust Arrangements

Gray Reed on 8/22/2023

For some time, promoters have shopped around an arrangement known as a “section 643(b) trust,” known alternatively as a “non-grantor, irrevocable, complex, discretionary, spendthrift trust.” On August 9, 2023, IRS Chief...more

2020 Tax Planning: Benefits of GRATs

Coblentz Patch Duffy & Bass on 9/4/2020

Now may be an opportune time to gift assets out of your estate, particularly through an estate planning technique known as the Grantor Retained Annuity Trust (“GRAT“)—a small silver lining of the alarming pandemic and down...more

Wealth Management Update - October 2015

Proskauer Rose LLP on 10/6/2015

October Interest Rates for GRATs, Sales to Defective Grantor Trusts, Intra-Family Loans and Split Interest Charitable Trusts - The October § 7520 rate for use with estate planning techniques such as CRTs, CLTs, QPRTs...more