A glossary of legal terms to help you understand the intricacies of estate planning, trust administration, probate, asset protection, business formation and succession planning.
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“Grantor” Trust Status
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Grantor Retained Annuity Trust (GRAT)
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GrantorWhat does Grantor mean? The creator of a trust, meaning the individual whose assets are put into the trust.
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Generation-skipping Transfer Tax
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Federal Gift TaxWhat is Federal Gift Tax? If you give someone money or property during your lifetime, you may be subject to federal gift tax. For more information on this topic, contact us at http://geigerlawoffice.com/contact.cfm or call (760) 448-2220 to schedule an appointment with one of our experienced estate planning attorneys
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What is Federal Estate Tax? The estate tax is a tax on your right to transfer property at your death. It consists of an accounting of everything you own at your date of death. For more information on this topic, contact us at http://geigerlawoffice.com/contact.cfm or call (760) 448-2220 to schedule an appointment with one of our experienced estate planning attorneys.Federal Estate Tax
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Federal Estate and Gift Tax Unified Credit
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Exception Creditor Statutes
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Family Limited Partnership (FLP)What is a Family Limited Partnership (FLP)? It is frequently used to move wealth from one generation to another. For more information on this topic, contact us at http://geigerlawoffice.com/contact.cfm or call (760) 448-2220 to schedule an appointment with one of our experienced estate planning attorneys
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Dynasty Trust