Trusts & Estates

Strategize Your Year-End Trust & Estate Planning

Strategize Your Year-End Trust & Estate Planning 400 400 SAX LLP - Advisory, Audit and Accounting

As we are more than halfway through 2024, now is the time to start thinking about planning for the remainder of the year as well as potential planning opportunities for…

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How should I plan charitable gifts as we approach year-end? Through my estate plan?

How should I plan charitable gifts as we approach year-end? Through my estate plan? 400 400 SAX LLP - Advisory, Audit and Accounting

My client is charitably inclined.  How should I be advising her as we approach the year-end?  My client wants to make a charitable bequest through his estate plan – what…

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Why should I engage in planning now? Nothing is going to change, and the exemption is so high!

Why should I engage in planning now? Nothing is going to change, and the exemption is so high! 400 400 SAX LLP - Advisory, Audit and Accounting

Practitioners are quite aware that in 2026 the Federal estate and gift, estate and GST tax exemptions will be reduced by half. Clients might also be aware but have likely…

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How Can My Trust Help My Kid Buy a House?

How Can My Trust Help My Kid Buy a House? 400 400 SAX LLP - Advisory, Audit and Accounting

It is fairly common for a client to ask how an irrevocable trust might help a beneficiary to buy a house.  There are many different options for how to handle…

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I’m buying life insurance, do I really need a trust, and if so what kind?

I’m buying life insurance, do I really need a trust, and if so what kind? 400 400 SAX LLP - Advisory, Audit and Accounting

A client is buying life insurance, do they really need to set up an irrevocable life insurance trust (“ILIT”) to own that insurance? With high estate tax exemptions is that…

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MY IRREVOCABLE TRUST HAS BEEN PAYING STATE INCOME TAX FOREVER. IS THERE ANY WAY TO AVOID STATE INCOME TAX?

MY IRREVOCABLE TRUST HAS BEEN PAYING STATE INCOME TAX FOREVER. IS THERE ANY WAY TO AVOID STATE INCOME TAX? 400 400 SAX LLP - Advisory, Audit and Accounting

State income taxes can be onerous. Rates can reach 14%+ and the effects of a high state income tax on trust income over years, or decades for long term trusts,…

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I HAVE A GRANTOR TRUST AND AM TIRED OF PAYING THE INCOME TAX ON TRUST INCOME. WHAT CAN I DO?

I HAVE A GRANTOR TRUST AND AM TIRED OF PAYING THE INCOME TAX ON TRUST INCOME. WHAT CAN I DO? 400 400 SAX LLP - Advisory, Audit and Accounting

In case you missed it, watch part one of our Estate Planning webinar series that will tackle the issue of grantor trusts and the burdensome income tax. Listen in as…

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New Budget Reconciliation Package: Plan NOW for the Estate Tax Overhaul

New Budget Reconciliation Package: Plan NOW for the Estate Tax Overhaul 400 400 SAX LLP - Advisory, Audit and Accounting

Throughout 2021, SAX has been warning of dramatic and substantial structural changes that will severely impact estate planning opportunities. The recently proposed budget reconciliation package based upon the President’s Build…

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SAX LLP - Advisory, Audit and Accounting