1. Fixing Damaged ILITs (Plus a Checklist to Avoid Problems)
- Author
-
Adler, Robert J. and Hausman, Michael J.
- Subjects
Life insurance -- Laws, regulations and rules -- Taxation ,Beneficiaries -- Laws, regulations and rules ,Irrevocable trusts -- Laws, regulations and rules ,Tax law -- Evaluation -- Methods ,Grantor trusts -- Laws, regulations and rules ,Crummey trusts -- Laws, regulations and rules ,Estate planning -- Laws, regulations and rules -- Methods ,Notice (Law) -- Laws, regulations and rules ,Government regulation ,Tax law ,Law ,Real estate industry ,Internal Revenue Code (I.R.C. 1035) I.R.C. 2041(a) I.R.C. 2056(b)(5), 2503(c)(2) - Abstract
Long-term irrevocable trusts may need to be fixed at some point because of poor design, sloppy implementation, negligent maintenance, changes in tax laws, changes in beneficiaries, improvements in drafting techniques, [...]
- Published
- 2024