Friday, August 20, 2010 Press Coverage of Estate Planning this Week (August 20, 2010)
Seth R. Kaplan, Esq. writes in Forbes about Grantor Retained Annuity Trusts (GRAT), why GRATs are a great estate planning tool for passing money on to the next generation, and why short-term GRATs may soon be disallowed by Congress. While short-term rolling GRATs might be upended by Congressional action, mid-term and long-term GRATs are still useful, particularly when the Applicable Federal Rate (or the §7520 Rate) is low, as it is now. See The Great GRAT Debate (Aug. 18, 2010).
Joseph Nowinski, Ph.D, writes in the Huffington Post about a widower who managed to get his estate and financial affairs in order and have the necessary conversations with his children about health care directives and powers of attorney. Such conversations are not easy, but they are nevertheless important. See End of Life Planning – A Necessary Conversation (Aug. 18, 2010). |