GRITs

In June 2008, the Treasury Department adopted certain final regulations with respect to the application of Code Sec. 2036(a)(1) and 2039 to so-called “grantor retained interest trusts,” which include grantor retained income trusts…

Not infrequently, transfers or acquisitions of partial interests in property occur. In some cases, economic or business advantages will accrue by reason of such transfers or acquisitions. Occasionally, a favorable income or wealth transfer…

Regardless of the motive for making a charitable contribution or bequest, an individual should be aware of the tax effects of the transfer. Failure carefully to consider those effects may not only result in the loss of an income tax…

Demographers contend that more than one-half of all marriages in America will end by divorce rather than by death. As a consequence, practitioners often are required to undertake estate planning for a property owner who is in a second or…