Friday, June 04, 2010 Press Coverage of Estate Planning this Week (June 4, 2010)
Jerry Gleeson of RegisteredRep.com writes that tax rules for Grantor Retained Annuity Trusts (GRAT) are likely to change soon. The changes include new minimum terms of 10 years, a mandated remainder interest at the conclusion of the term, and that annuity payments may not decrease during the first 10 years of the GRAT. The proposed changes have spurred an increase in the use of GRATs before the proposed rules become law. See Rats! GRATs Benefits Could Be Axed (June 3, 2010).
Radon Stancil and Rick Parkes write in The Apex Herald (Fuquay-Varina, N.C.) about “stretch” IRAs and how by carefully managing an inherited IRA you can increase its benefits substantially. But the rules are tricky, and both the person setting up the IRA and the beneficiary have to make the right moves to make the stretch IRA work. See Maximizing Your Money Through Stretched IRAs (June 2, 2010). |