Article on Estate Funding

Paige K. Ben-Yaacov recently published an article entitled, Explaining Estate Funding with Hands-On Examples, Probate & Property, May/June (2016). Provided below is a summary of the Article:

            This Article discusses certain estate funding calculations, timing issues relating to estate funding, and various provisions that executors and beneficiaries of estates may wish to include in funding agreements.

            The Article will focus on issues that arise when funding GST trusts—the rationale behind the funding requirements and the means of satisfying them. The timing section of the Article addresses why the representative of the estate may wish to wait until IRS matters have been solved before distributing assets to the beneficiaries. Finally, the Article will discuss the issues that must be dealt with in a funding agreement.