Dynasty Trust Step-Up in Basis: Why Estate Inclusion Is the Whole Test. Rev. Rul. 2023-2 denied the step-up to irrevocable grantor trusts outside the estate. The test is estate inclusion — and what puts assets there is the absence of a completed gift.
The OBBBA Didn't Fix the GST Portability Gap. The exemption is permanent at $30M for couples. But GST exemption is not portable, and it disappears at the first death. What that costs a $12M couple who waits.
Is the Bridge Trust® Really a Domestic Trust? No. The Bridge Trust® is a foreign trust in legal character from the day it is executed. “Domestic” is its IRC §7701 tax classification, not its legal situs. Two statutory tracks, explained.
You've read what a dynasty trust is. The harder question is whether you should have one. The objections your CPA and estate attorney will raise, answered.
Bankruptcy doesn’t give you a fresh start — it gives a trustee control of your assets and uses them to pay your creditors. Asset protection, built before the threat arrives, keeps your assets in your hands while you negotiate on your terms. This article breaks down the real difference, what the statutes say, and what three landmark cases — Grant, Solow, and Anderson — tell us about how this plays out under real enforcement pressure.
A Wyoming LLC may feel like asset protection. But once you’re in a California courtroom, Wyoming’s charging-order statute is irrelevant. This article follows the full failure sequence — from formation through discovery — and explains what a court can actually do despite your entity structure.
Wyoming Anonymous LLC: What It Hides and What It Doesn't. A Wyoming LLC keeps your name off a state database. Here's exactly what that stops, what it doesn't, what the Corporate Transparency Act changed, and where the protection actually comes from.
Disadvantages of Tenancy by the Entirety: 8 Ways TBE Fails. TBE collapses under joint liability, federal tax liens, bankruptcy, divorce, and death — and most mortgaged homes aren't protected at all. What it does, and what it doesn't.