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Real Estate/Development

Apr. 13, 2006

Poorly Drafted Trust Could Become Subject to IRS Lien

Focus Column - By Bruce Givner - A parent may want to give assets to a child in connection with the parent's own estate tax planning. For example, a parent may be giving limited partnership interests in a family limited partnership or non-v

Focus Column

By Bruce Givner
     

      A parent may want to give assets to a child in connection with the parent's own estate tax planning. For example, a parent may be giving limited partnership interests in a family limited partnership or non-voting stock in a family "S" corporation to a child. The gift may be direct, or through a sophisticated gifting technique, e.g., a grantor retained annuit...

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