News & Insights: christopher d. wright1
Is There a Future for Grantor Trusts?
By Christopher D. Wright | October 17, 2021
Legislation being negotiated in Congress would cut in half the current estate and gift tax exemption, and would dramatically alter treatment of grantor trusts, which are the preferred vehicle for moving assets out of an individual’s estate. If enacted, this legislation would make the future use of grantor trusts useless.
Estate and Gift Planning in the Face of Uncertainty
By Christopher D. Wright | August 30, 2021
In late 2020 there was great speculation about large-scale changes in estate and gift taxation. Today, what has changed? Nothing. But this is no time to take your eye off the ball.
Tax Implications of Terminating Grantor Trust Status
By Christopher D. Wright | June 28, 2021
Grantor trusts, a planning tool often used by high-net-worth individuals, are a frequent topic at the annual Heckerling Institute, a week-long gathering of estate planning professionals. Current legislature proposals have made this discussion more relevant - if enacted, they could significantly change how grantor trusts are utilized.
Election Over? What Now?: The New Horizon in Estate Planning
By Christopher D. Wright | November 18, 2020
Although there most likely will not be any significant changes to the estate tax in the near future, given the numerous challenges faced by the incoming Biden Administration, some of the proposed changes are examined as well as the advantages and disadvantages of year-end gifting.
Overcoming Common Estate Planning Misconceptions
By Christopher D. Wright | August 26, 2020
An examination of some of the most common misconceptions that get in the way when setting up an estate plan or making alterations when life changes occur.
Did You Make a Taxable Gift in 2019? Don’t Overlook Gift Tax Filing Requirements When Funding Trusts
By Christopher D. Wright | February 11, 2020
While cash gifts of are fairly straightforward (as are their impact on tax filings), there is an often-overlooked instance of the gift tax that has the potential to generate quite a headache come April—funding a trust.