Estate Freeze Update: New Law – New Opportunity

Volume XX, Number 1 - JANUARY 2011 © Donlevy-Rosen & Rosen, P.A. INTRODUCTION. More than 10 years ago we wrote an issue of the APN on estate freeze planning (Vol. IX, No. 1). The essence of estate freeze planning is just what it sounds like: the value of an asset (or assets) is “frozen” at [...]

Keeping What’s Yours: Why Pay More In Estate Taxes Than you Have To?

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Most issues of the APN dealing with offshore trusts have focused on the use of such trusts for asset protection. Another, very important, use of a certain type of offshore trust is to effect an estate tax savings. This is accomplished by “freezing” the value of trust assets vis-a-vis the settlor’s estate at current values.

Foreign Irrevocable Life Insurance Trusts Can Save Estate and Income Tax

On the tax side of rendering estate planning services, the estate planner is faced with Federal income, gift, estate, and generation-skipping tax issues. All of these issues (and more) must be addressed in the context of an irrevocable life insurance trust (“ILIT”) established in a foreign jurisdiction.