The WSJ recently ran an article reviewing the fate of GRATs (Grantor Retained Annuity Trusts) and FLPs (Family Limited Partnerships) following the proposed elimination or changes under the Obama proposals.
The Journal suggests and I agree, that these techniques might remain viable and useful for many people planning to pass long term wealth to heirs. For more read this WSJ article.
David M. Frees III
David Frees is a Pennsylvania attorney practicing in the areas of trusts, estates, probate, estate and asset protection planning, and estate tax planning.
For more information about how to protect your heirs from litigation and divorce, or how to protect your own assets or inheritance, click here or call 610-933-8069 for an appointment or teleconference with David Frees.