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An Intentionally defective grantor trust is sometimes used to reduce estate taxes.It works as follows: The grantor creates the trust; The grantor transfers investment assets into the trust, but retains the power to "reacquire the trust corpus by substituting other property of equivalent value".
An IDGT is used for estate and gift tax planning.It’s important to note that these trusts are generally only relevant to wealthy households. As of 2022, you can leave up to $12.06/$24.12 million ...
Listed pros and cons must, as for all content, be sourced by a reference, either in the list or elsewhere in the article. (A "criticisms and defenses" list is a backwards pro and con list. The opposing side is presented first, followed by the responses of the defending side. Lists of this form seem to grow out of more contentious articles.)
The rule against perpetuities serves a number of purposes. First, English courts have long recognized that allowing owners to attach long-lasting contingencies to their property harms the ability of future generations to freely buy and sell the property, since few people would be willing to buy property that had unresolved issues regarding its ownership hanging over it.
Like any source of retirement income, annuities have their pros and cons. Understanding these can help you make an informed decision about whether an annuity is right for you. Advantages of ...
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Pictures from the first diverging diamond interchange in the United States, in Springfield, Missouri Top left: Traffic enters the interchange along Missouri Route 13 Top right: Traffic crosses over to the left side of the road
Don't forget to dilute your apple cider vinegar before drinking. (Getty Images) (Arta Sermule via Getty Images)