Robert AdlerDec 12, 2020Trustee DutiesA trust is a device for the management of property where one person, the grantor (sometimes called the settler, trustor or trust maker),...
Robert AdlerNov 26, 2020Grantor Retained Annuity Trusts (“GRATs”)Usually, when a taxpayer transfers assets to an irrevocable trust for the benefit of another person, the transferor pays gift tax on the...
Robert AdlerNov 26, 2020Artists and CollectorsArtists and collectors face unique estate planning considerations. Artists and collectors should keep a comprehensive inventory of their...
Robert AdlerNov 25, 2020What is a Charitable Remainder Trust?A charitable remainder trust is an irrevocable trust wherein the grantor/donor can effectively sell appreciated assets without immediate...
Robert AdlerNov 24, 2020What is a Qualified Disclaimer?A qualified disclaimer is an irrevocable and unqualified refusal to accept an interest in property. Because the system of wealth transfer...
Robert AdlerNov 7, 2020What is a Durable Power of Attorney?A durable power of attorney is a legal document that authorizes an individual to legally act on behalf of another individual. The...
Robert AdlerNov 3, 2020Who Must File a Gift Tax ReturnIf you are a citizen or resident of the United States, you must file a gift tax return (whether or not tax is due) if you gave gifts to...
Robert AdlerOct 4, 2020Origin of Estate Planning and TrustsContrary to popular belief, no individual has a natural right to transfer property to others at his or her death.