2015 Year-End Estate Planning

09-Dec-2015 #Globalwealth Source: Lexology

The report published by Steptoe’s private client practice highlights relevant legislative developments  affecting estate planning, proposals, and areas as to which the IRS is expected to give guidance, allowing people to take advantage of some of these planning techniques which are still viable options. The report throws light on lifetime gifting, Income Tax considerations, considering Grantor Retained Annuity Trusts (GRATs) and Sales to Defective Grantor Trusts to remove appreciation from taxable estate, and reviewing current estate plan among others.

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