Joshua Tree Enterprises

Sign Up for Newsletter

About this Entry

This page contains a single entry by Associate Editor published on October 12, 2012 4:30 PM.

IRS Posts Final Form 706 and Instructions for 2012 Decedents was the previous entry in this blog.

Preparing For Expiration of Bush Tax Cuts is the next entry in this blog.

Find recent content on the main index or look in the archives to find all content.

Change In The Grantor Trust Rules?

TrackBacks (0)

Many estate planners rely on the flexibility of Grantor Trusts in order to maximize wealth transfer saving for their clients. Under new proposals offered up by President Obama, and currently being considered, assets transferred to a Grantor Trust and treated as owned by the Grantor for income tax purposes, would now be included in that Grantor's gross estate. Additionally, any transfers from that trust to any beneficiaries during the Grantor's life would be considered a taxable gift. This would change much of estate planning for business of clients as well illiquid real estate assets. 



See Roger Russell, "Estate Planners Fearful of Grantor Trust Rule Changes," AccountingToday.com (August 3, 2012) 

Posted by Ian Horowitz, Associate Editor, Wealth Strategies Journal 

0 TrackBacks

Listed below are links to blogs that reference this entry: Change In The Grantor Trust Rules?.

TrackBack URL for this entry: http://www.wealthstrategiesjournal.com/mt/mt-tb.cgi/7158