Troy, MI
Estate planning Lawyer at Troy, MI
Practice Areas: Estate Planning, Wills & Living Wills ... +2 more
The QPRT can be designed as a grantor trust. This means that the grantor is treated as the owner of the QPRT for income tax purposes. Therefore, during the term, all property taxes on the residence w...
See Full GuideA Qualified Personal Residence Trust (QPRT) is an excellent tool for persons with large estates to transfer a principal residence or vacation home at the lowest possible gift tax value. The general r...
See Full GuideBenefits First, if the assets transferred to the GRAT grow (both in accumulated income and appreciation) at a rate higher than the IRSs published interest rate, the value of the assets remaining in ...
See Full Guide7. Annuity Arbitrage. Many people, who are adverse to the stock markets daily fluctuations, prefer to park their investments in municipal bonds or certificates of deposit (CDs). In exchange for thi...
See Full GuideWhile there is a present lapse in the estate and generation-skipping transfer taxes, its likely that Congress will reinstate both taxes (perhaps even retroactively) some time during 2010. If not, on...
See Full Guide6. Section 303 Redemptions Internal Revenue Code Section 303 enables the estate of a business owner to remove cash from a corporation with no tax cost. To be eligible for a Section 303 redemption, ...
See Full GuideA key part of estate planning for business owners who want to keep their business in the family is deciding when and to whom to transfer the business. The particular tools and techniques used in a b...
See Full GuideAn installment sale to a grantor trust can provide valuable income, gift and estate tax benefits. If the assets sold produce a total return (income and appreciation) in excess of the interest rate o...
See Full GuideA Grantor Retained Annuity Trust or GRAT is one of the most powerful and tax efficient wealth transfer tools available today. A GRAT allows a person to transfer the future appreciation of an asset t...
See Full GuideLEVEL TWO - OWNERSHIP Often, a major concern for family business owners with children who are active in the business is how to treat all of the children equally in the business succession process. O...
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