Intentionally Defective Grantor Trust

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…

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Revocable 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. …

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Buy Sell Agreement

Buy Sell Agreement

Buy Sell Agreements A Buy Sell Agreement is part of a succession plan to decide in advance what will happen with a business when certain events occur.  Such planning is crucial for any business with multiple owners.  It is important both when the owners are related to each other and when they are NOT related to…

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Resolving Disputes in Estates with ADR

Father of Resolving Disputes in Estates with ADR

Staying Out of the Courtroom Preventing and resolving disputes concerning your estate may be one of the most important functions of your estate plan.  The reason is simple.  Disputes are perhaps the greatest risk to both your financial wealth, and your family.  Families are naturally resilient, and can recover from most any trouble.  But when…

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