Wednesday, May 11, 2005

How to ask (nicely) for your inheritance

How to ask (nicely) for your inheritance: "As a wave of baby boomers prepares to receive inheritances from their aging parents, the estate-planning industry is pitching a new twist on an old technique.
The new approach is called an 'inheritor's trust,' and it is part of a growing range of services, seminars and estate-planning strategies designed to capture what is expected to be the largest intergenerational transfer of wealth in history -- while reducing the tax hit.
Traditionally, parents planning a bequest to their children or grandchildren might set up a trust themselves for their heirs' benefit. In an inheritor's trust, people who expect to receive an inheritance take matters into their own hands by designing trusts to collect the windfall. It is essentially "

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