 |  |
| FREE NEWS ALERTS A free, comprehensive news service to keep small businesses and independent contractors posted on the latest tax developments affecting their operations.
|
|
Thursday, Aug. 24 Estate Planning – Irrevocable Trusts, #109A clever way to reduce estate tax and gift tax exposure is to set up a so-called “intentionally defective irrevocable trust.” An intentionally defective irrevocable trust allows you to transfer a substantial amount of money to your heirs during your lifetime while keeping the government out of the family cookie jar. Such a trust allows taxpayers to remove appreciating assets from their taxable estates at a low gift-tax cost, while providing... Subscribers have free access to the archives. Click here. |
|
