Charitable giving is an important activity for millions of Americans. And for many people, this includes not only gifts while living. It also includes setting up charitable trusts or using other ways to give money or other assets to charity after death.
Trusts: flexible form finds application to domestic assets
Trusts are very flexible instruments. There are many different types of trusts and they can be used for many different purposes. And so the flexibility they provide is one of the recurring themes of this blog.
Liability for estate tax: how is it affected by passage of time?
It sounds like a bad estate planning dream. Is it really possible that the IRS would try to collect estate tax from a beneficiary more than a decade after the death of a parent who was trying to pass his estate along to his children?
