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Phone: 201-345-3018

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Posts tagged "irrevocable trust"

The Year Without an Estate Tax Draws to a Close, Part II

In our last post, we discussed the estate tax and how it is scheduled to come back into existence in 2011, albeit with rates far higher than when we last saw it. In this post, we wanted to discuss a few of the tools that an individual might use to reduce the impact the estate tax may have on his or her surviving family members.

The Potential Pitfall of a Revocable Trust

A revocable trust is a trust that can be changed or canceled by the grantor. The income earned from the trust is distributed to the grantor, and after the grantor's death the property within the trust transfers to the beneficiaries. A revocable trust is a good tool for changes in circumstances because the grantor is able to adjust the provisions of the trust. But, what happens when the grantor is influenced by a beneficiary with impure motives?