Texas revises its rule against perpetual trusts and extends the permitted duration of Texas trusts to 300 years. This is a huge change in Texas law, assuming it survives Constitutional attack.
Protecting assets in the event of divorce is one of the primary reasons many opt to leave their children’s inheritance in trust. This article provides a good overview of the considerations.
Creative planning for marital (QTIP) trusts – a roadmap for using assets in QTIP trusts for possible gifting in 2021.
As Congress proposes to decrease the gift and estate tax exemptions dramatically in 2022, the interest in Spousal Limited Access Trusts has accelerated. This article gives a good overview of these “SLATs” and some accompanying issues to consider.
Trusts can accomplish many purposes. Here are just a few.
Strategic use of trusts to keep the wealthy wealthy.