Posts Tagged gifting

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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Fiscal Cliff Deal: Impact on Estate Planning and Gifting

Fiscal Cliff Deal: Impact on Estate Planning and Gifting

The wait is over, at least for now. Congress passed a bill on January 1, 2013 that avoided the “fiscal cliff,” and is expected to be signed into law shortly. The new deal has some important consequences for estate planning and gifting. Estate and Gift Tax The […]

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Form 709 Gift Tax Return Deadline Approaching

Form 709 Gift Tax Return Deadline Approaching

With the uncertainty of the fiscal cliff in 2012, many people accelerated their gifting to take advantage of the favorable gift tax rates and exemptions. Although the actual gifting has already taken place, the gifting process must be completed by filing a Form 709 Gift Tax Return, […]

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