Julius Giarmarco, Esq.

The New Portability Rules and Disclaimer Trusts

Portability. The Tax Relief Act of 2010 provides for a $5 million exemption (indexed for inflation in 2012) per person from federal estate and gift taxes, and a top tax rate of 35%. In addition, the unused portion of the estate tax exemption of the fir... Read >

Beneficiary-Controlled Trusts

Estate planners use trusts to protect beneficiaries from their inability, their disability, their creditors and their predators. Included under "creditors" are the IRS and divorced spouses. Most traditional trusts distribute the assets when the beneficiar... Read >