Browsing by Author "Prangner, Arielle M."
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Item Implications of Termination of Grantor Trust Status(Estate Planning and Community Property Law Journal, 2021) Prangner, Arielle M.This article is not intended to be comprehensive with respect to grantor trusts. There are a multitude of articles and treatises that have been published for that purpose. Instead, it is meant to serve as a resource to highlight issues that require consideration when termination of grantor trust status has occurred, is being contemplated, or is foreseeable, and hopefully can help an estate planner formulate a checklist of items to analyze and discuss with clients in connection with the termination. The article will briefly outline the grantor trust rules, common types of grantor trusts, and termination of grantor trust status. Income tax issues that arise as a result of the termination will then be addressed. In addition to general tax implications, particular assets that may present challenges or require additional planning will be highlighted. Lastly, actions that may be considered before termination of grantor trust status will be presented.Item Just a Will Won’t Cut It: Planning for the Transfer of Non-Probate Assets at Death(Estate Planning and Community Property Law Journal, 2021) Prangner, Arielle M.This Article is not intended to address every issue associated with the coordination of non-probate assets with the rest of the estate plan. In particular, the nuances of the income tax and distribution considerations involved in the disposition of retirement plans are not addressed. Rather, the goals of this Article are to highlight issues that may influence the suggested disposition of non-probate assets, to assist in the identification of non-probate assets that may not be easily recognizable, and to provide guidance about how to manage some of the paperwork involved.