Intentionally Defective Grantor Trust
What is an Intentionally Defective Grantor Trust? A Trust can be subject to multiple kinds of taxes, and can be taxed in different ways. To make sense of what an “Intentionally Defective Grantor Trust” is, we must consider two different kinds of taxes: income taxes and estate taxes. These two different taxes are imposed at…
Read MoreFree Estate Planning Documents
Is Free Really Free? Generally, Free Estate Planning Documents are NOT a good idea. You get what you pay for, and you pay for what you get. If you can afford legal advice regarding such documents, it is well worth it. At the same time, sometimes free is appropriate and beneficial. This is particularly true…
Read MoreRevocable Trust Comparison: Simple vs. Dynasty
Trust Comparison The Estate Planning Group of Durfee Law Group offers two levels of Revocable Living Trusts: Simple and Dynasty. This Chart provides a way to make a meaningful Trust Comparison between Simple vs. Dynasty. The Simple Revocable Trust is a smaller lower cost alternative that may be appropriate for very simple and small estates. …
Read MoreInitiative Sucker
The Initiative Sucker Inherits In 2014, Anderson Cooper told Howard Stern the following: “I don’t believe in inherited money . . . I think it’s an initiative sucker. I think it’s a curse. Who’s inherited a lot of money that has gone on to do things in their life? From the time I was growing…
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