In a 2002 article,1 we examined at length the income-tax effects of the termination of a grantor trust by reason of the death of the grantor in the context of an installment sale.2 Acknowledging then that the law was unsettled, we considered the...
There are many ways to draft a modified accumulation trust. Here's one: Separate Accounting for Retirement Arrangements Except as otherwise provided in paragraph 3, below, if any trust hereunder shall have the right to receive retirement assets ...
Insurance may be a key part of a well-designed financial plan, but your clients don't know it.