Linda Suzzanne Griffin, P.A.

25 Aug How Do You Select a Trustee?

Posted at 18:31h in Estate Planning by Linda Griffin

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Estate planning requires many decisions, not the least of which is whom to appoint as an agent to act under a health care surrogate and a durable power of attorney and whom to appoint as a personal representative and a trustee. How do you select...

19 Aug A Beneficiary Has an Interest in a Trust… Are Those Assets Included in a Divorce Equitable Settlement?

Posted at 19:16h in Asset Protection by Linda Griffin

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Many parents create trusts which benefit their children and grandchildren. Often, the trustee's decision as to what to distribute to a child or grandchild is fully discretionary. Alternatively, the trustee can be directed o distribute for health, education, maintenance and support. To what extent may...

12 Aug Act Soon…Discounted Gifts Will Become Harder…

Posted at 18:01h in Estate Taxes by Linda Griffin

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Individuals and their attorneys are very creative when planning to reduce estate taxes. One technique is to transfer an interest in a family owned family limited partnership ("FPL"), at a discounted value, to a family member while keeping the entity in the family. For example, Ed...

05 Aug Voiding of QTIP Election May Save Gift Taxes…

Posted at 19:19h in Estate Taxes by Linda Griffin

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Instead of an outright distribution to a surviving spouse, estate planners often advise that assets be distributed to a qualified terminal interest property ("QTIP") trust for the benefit of the surviving spouse. This planning occurs often in a second or third marriage. Upon the predeceasing spouse's death, their estate...

August 2016

25 Aug How Do You Select a Trustee?

19 Aug A Beneficiary Has an Interest in a Trust… Are Those Assets Included in a Divorce Equitable Settlement?

12 Aug Act Soon…Discounted Gifts Will Become Harder…

05 Aug Voiding of QTIP Election May Save Gift Taxes…