Clary Redd Authors "Dusting Off the Crystal Ball" in Trusts & Estates
In this article, Redd tackles the subject of what's in store for 2014 and beyond in estate planning. A few potential changes looming in 2014, depending on the ongoing political climate in Washington, D.C. are:
- Estate, gift and generation-skipping transfer tax rates and exemptions,
- Coordination of income and transfer tax treatment for grantor trusts, and
- Increasing risk associated with grantor retained annuity trusts.
Redd has extensive experience in:
- the drafting of wills, trust instruments, durable powers of attorney, marital agreements and other estate planning documents;
- pre- and post-death tax planning for individuals, trusts and estates; (c) preparation and filing of estate tax returns, gift tax returns and fiduciary income tax returns;
- representation of individual and corporate fiduciaries; and
- litigation in the Probate Division and other equity divisions of the Circuit Court.
He has worked on estates and estate planning projects involving assets valued at several hundred million dollars and has successfully handled numerous estate tax matters, gift tax matters, generation-skipping transfer tax matters, will and trust construction cases, will contests, contests of trust agreements, breach of fiduciary duty cases and other types of cases involving estates and trusts.