Legal Knowledgebase

Signed into law December 20, 2019, SECURE has radically changed the estate planning landscape for clients’ retirement benefits. Except for a few types of beneficiaries, the life expectancy payout is gone with the wind, replaced by a maximum…
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This memorandum to InterActive Legal subscribers provides detail regarding the provisions of the appropriations bill passed in December 2019 affecting retirement benefits, known as the SECURE Act.The memo also offers drafting and other…
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This article discusses the "special power of appointment trust," designed to provide asset protection while providing a means for the grantor to benefit from the trust property, should the need arise.
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Incomplete non-grantor (ING) trusts, transfers to which aren't completed gifts and aren't grantor trusts for income tax purposes, may help to navigate the adverse income tax changes individuals face under the Tax Cuts and Jobs Act (the…
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The Tax Cuts and Jobs Act (the Act) has radically changed income and estate taxation for many Americans, calling for new approaches to various aspects of planning for U.S. individuals. Although changes also were made to…
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This is a sample letter to clients regarding the 2017 Tax Cuts and Jobs Act, briefly summarizing key changes in the law, and alerting the client to the action steps the client may wish to consider in response to the new legislation.This…
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This is a sample letter to clients regarding the 2017 Tax Cuts and Jobs Act, briefly summarizing key changes in the law, and alerting the client to the action steps the client may wish to consider in response to the new legislation.This…
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Private Letter Ruling 201642019 (released October 14, 2016) revoked a prior favorable PLR on an increasingly popular estate planning technique, often referred to as the "ING trust" (described in further detail below). This article discusses…
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