Trusts for children

Most Common Types of Trusts for Children

Posted Posted in Asset Protection Trust, Divorce, Dynasty Trust, Estate Planning, Trust Planning, Trustee, Trusts

When clients meet with an estate planning attorney, one of the biggest concerns that people have is that they do not want their children to receive too much money too early. Accordingly, they want to set up a trust for their children.  This is true even if the children do not have special needs or […]

Compromise Tax

Dynasty and Generation Skipping Trusts Can Trigger a Compromise Tax

Posted Posted in Compromise Tax, Dynasty Trust, Inheritance Tax (相続税)

A number of years ago I wrote about the dangers of accidentally triggering a Compromise Tax in New Jersey and in Pennsylvania.  It occurs to me that most dynasty trusts are set up to go to children, grandchildren and more remote descendants, but there is also boilerplate that says if the Grantor doesn’t have any living […]