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 | 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 | Nov 27, 2020 | Estate Planning
Ways to Use Gifting in Your Estate Planning Tragically, 95% of the people who died as a result of COVID-19 were seniors, and many didn’t have a chance to properly establish their estates. Unfortunately, thanks to COVID-19, the need to engage in appropriate...
by Knee Law | Feb 18, 2020 | Estate Planning, Tax Law
4 Methods of Cutting Your Estate Tax One of the main functions of an estate planning lawyer is to help minimize your tax obligations in the event that you pass away. If your estate is bigger than the federal exemption, you may be obligated to pay an estate tax to the...
