2/27/2012

Alabama Residents Prepare for Possible Estate-Planning Changes: Part II

As a follow up to our last post, we now continue discussing the possible estate-planning changes contained in the President's recent budget proposal. • The low-risk grantor retained annuity trust or GRAT This estate-planning tool permits someone to put assets into an irrevocable trust and retain the right to receive distributions for the life of the trust. The annuity is equal to the value of what's been contributed plus interest.

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2/21/2012

Alabama Residents Prepare for Possible Estate-Planning Changes: Part I

If President Obama is successful in passing his proposed budget, beginning next year it will become much harder for Alabama estate planning attorneys to help individuals pass along money to their children and grandchildren without the government tacking a heftier fee. According to a recent article on Forbes.com, the President's recently proposed budget for 2013 would permanently restore the estate tax rates to those that were in effect in 2009 and limit several popular methods for shifting assets to future generations. Click here for a copy of Obama's budge proposal.

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