The Dana name has become the symbol of a quality Estate Plan in Arizona. It has taken over 34 years to develop and continues to strive for excellence in the Estate Planning community. At its core is Estate Planning lawyer Matt Dana. [Learn more about Matt]
Key Takeaways: Sub-Trusts are empty legal structures created inside a Master Trust or Will that do not require a separate Tax ID number or asset funding until a specific triggering event occurs. Triggering events like the death or disability of a Trustor activate these structures, seamlessly splitting assets into targeted vehicles like a Marital Trust or Credit Shelter Trust. Utilizing a common pot Trust protects minor children […]
Key Takeaways: Winning a jackpot immediately triggers massive gift and estate tax exposures, requiring advanced legal planning to shield sudden generational wealth. Establishing an Irrevocable Trust ensures robust asset protection from opportunistic lawsuits, creditors, and sudden family or social liabilities. Utilizing specialized vehicles like a Family Limited Partnership (FLP) or a Charitable Remainder Trust (CRT) […]
Key Takeaways: A zeroed-out estate plan strategically eliminates federal estate tax liability by ensuring the taxable value of an estate equals zero at death. Utilizing structures like a Grantor Retained Annuity Trust (GRAT) or Charitable Lead Trust (CLT) allows high-net-worth individuals to pass significant wealth to heirs tax-free. Incorporating a charitable fallback provision directs any […]
By Matthew S. Dana, Esq., CPA, LLM in Taxation Key Takeaways: A Charitable Remainder Trust (CRT) or an exchange fund allows investors to immediately diversify large, concentrated positions in highly appreciated stock like Nvidia while completely deferring immediate capital gains tax. Executing an installment sale to a Non-Grantor Trust under IRC Section 453 spreads recognized […]
