Probate,
9th U.S. Circuit Court of Appeals
May 19, 2020
Ruling provides guidance on grantor retained annuity trusts
For a gifting technique to be successful, the grantor needs to cut certain tax strings to prevent the gift from being included back into the grantor’s taxable estate. Unfortunately, in Badgley v. United States, the grantor died three months too soon while the strings were still attached.
For a gifting technique to be successful, the grantor needs to cut certain tax strings to prevent the gift from being included back into the grantor's taxable estate. Unfortunately, in Badgley v. United States, 2020 DJDAR 3906 (9th Cir., April 28, 2020), the grantor died three months too soon while the strings were still attached. Last month, the 9th U.S. Circuit Court of A...
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