Drafting Grantor Trust Powers with an Exit Strategy

Volume 27 No. 2

by

Brandon A. S. Ross is an associate at the law firm of Proskauer Rose, LLP in Boca Raton, Florida, in the firm’s Personal Planning Department.

Proposals for increasing taxes on wealthy Americans have sounded the alarm for estate planners to ensure that their clients have the flexibility to terminate grantor trust status for their irrevocable trusts to allow clients to decrease their tax burden.

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