by Knee Law | Jun 16, 2022 | Estate Planning, Trusts
What Are Grantor Retained Annuity Trusts? A Grantor Retained Annuity Trust, or GRAT, is a type of irrevocable trust administered by a third party and used to lower the value of your assets that will be taxed by the IRS for estate tax purposes. The GRAT’s... by Knee Law | Jun 4, 2022 | Estate Planning, Trusts, Wills
What Details to Discuss Regarding Your Parents’ Estate Plan Many parents haven’t written down their wills; in fact, according to recent statistics, 50 to 60% of Americans don’t have a will. Although, talking about your parents’ estate plan can... by Knee Law | May 4, 2022 | Special Needs Trusts, Trusts
When Is a Special Needs Trust the Right Choice? More than 41 million Americans live with special healthcare needs. Of adults with special needs, more than 75% are unemployed and rely on government assistance and help from family members in order to meet their basic... by Knee Law | Jan 11, 2022 | Estate Planning, Trusts
Everything You Should Know About Gifting Assets During Your Lifetime When a person dies, it’s common for their estate to go through the probate process, which may require certain assets to be taxed. Keep in mind that around 55% of all Americans haven’t... by Knee Law | Jan 7, 2022 | Estate Planning, Trusts
A Guide to the Different Types of Trusts Are you preparing to plan your estate? An estate plan can give you peace of mind that your assets are managed appropriately both during your life and after. More and more people are turning to trusts because they offer more... by Knee Law | Dec 6, 2021 | Estate Planning, Trusts
The Charitable Remainder Trust: A Type of an Irrevocable Trust The charitable remainder trust (CRT) is managed by a trustee, and income is paid out to either the grantor or another named beneficiary while the charity receives a donation after the grantor has passed...