Tax,
Family
Oct. 4, 2022
Become the beneficiary of your own children’s trust
A parent’s ability to become beneficiaries of a trust set up for their children is a powerful tool – and a way to reassure clients that giving away assets today is not an irrevocable step.
Owen Kaye
Managing Partner
KFB Law Group
12100 Wilshire Blvd #245
Los Angeles , CA 90025
Phone: (310) 207-8008
Fax: (310) 207-8708
Email: owen@kfblawgroup.com
Western State Univ College of Law
Many people are interested in estate and gift tax and asset protection planning. However, they fail to proceed when they find out that they must set up an irrevocable trust for their children’s benefit as their partner in the planning. Even wealthy parents are concerned that they may later regret giving away valuable assets today, since they are uncertain of what the future holds for their own finances. Consider this situation.
John and Sa...
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