Friday, June 24, 2011 Recent Press Coverage of Estate Planning (June 24, 2011)
Bob Carlson of Investing Daily reviews common estate planning goals and methods used for various categories of clients. Types of clients include the wealthy, moderately wealthy, blended families, couples without children, couples with special needs children, and unmarried couples. While there are common elements to every estate plan, each situation has unique requirements. See Finding Your Classic Estate Plan (June 21, 2011).
Rob Clarfeld of Forbes discusses Qualified Personal Residence Trusts (QPRT) and Intentionally Defective Grantor Trusts (IDGT) in the context of the recently changed gift tax laws. Between now and the end of 2012, it’s possible for a couple to give away up to $10 million during their lifetime, which makes both QPRTs and IDGTs attractive. QPRTs, however, are less favored because of the low interest rate environment, making this a good time to investigate IDGTs for large lifetime gifts. See Your Smartest Estate Planning Move Ever: Give Away Your House – Now! (June 22, 2011).
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