Posts Tagged business planning

What Are Defective Grantor Trusts?

What Are Defective Grantor Trusts?

A Defective Grantor Trust (“DGT”) allows you to transfer assets out of your estate and ultimately reduce your estate tax liability. The DGT may also be referred to as an “Intentionally Defective Grantor Trust (IDGT),” a “defective trust” or a “grantor trust.” This tool is most effective […]

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Life Insurance in Estate Planning

Life Insurance in Estate Planning

We are all aware of one of the most basic purposes for obtaining life insurance–to provide families, relatives, and/or close friends with financial support in the event that a person passes away. However, life insurance also serves other important purposes and can be used in a variety […]

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