Transferring Family Wealth
An intentionally defective grantor trust can help you freeze certain assets for estate tax purposes.
Selling assets to an intentionally defective irrevocable trust can allow you to transfer to your beneficiaries with little or no gift and estate tax.
A grantor retained annuity trust (GRAT) can be used to transfer assets to your beneficiaries with little or no gift or estate tax cost.
Art collections often represent an important part of a family’s legacy, making their stewardship fraught with emotional and financial considerations.
Understanding personal trusts doesn’t need to be overly complicated.