Special Power of Appointment Trust

Year-end tax planning for 2022 is different from prior years. Practitioners might recommend traditional annual gift planning but for some (perhaps many) clients, annual gifts may not be worthwhile.

Asset protection planning remains vital for many if not most clients. For the past few years, clients have been hyper-focused on planning for tax changes that have not happened, practitioners should re-focus clients on the importance of…

How can practitioners (CPAs, wealth advisers, attorneys, and insurance consultants) assist clients in the operation and administration of irrevocable trusts?  What preliminary steps might be helpful to take to guide clients on proper trust…

The uncertainty that drove a significant amount of estate planning at the end of 2020 has carried over into the new year, with many attorneys drafting trusts for clients in an effort to use the relatively high gift and estate tax exemption…

Given the current economy and the uncertainty of today’s political climate, many in the estate planning field have their eyes on Washington, D.C., looking to see if dramatic changes to the current transfer tax structure could be imminent.…

A hot topic in recent substantive webinars has been the transfer of assets in trust to take advantage of the current high federal transfer tax exemption, and the most recommended strategy is a trust where the grantor’s spouse is a…

In our April subscriber drafting webinar, we will review changes and enhancements that have been made to InterActive Legal practice systems over the past year.

Many have correctly pointed out that the current extremely low interest rates and depressed asset values – along with the high transfer tax exemption – set up, in some ways, an ideal environment for estate tax planning. This presentation…

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.