The Basics of Advanced Estate Planning: A Four‑Part Series by David Stejkowski, The Stejkowski Law Firm. Part 1 – Grantor Retained Annuity Trusts: Freeze Growth Before It Bloats Your Estate. A simple guide to Grantor Retained Annuity Trusts (GRATs)
Most people start estate planning with a will and maybe a basic living trust. Those documents cover who gets what and help avoid probate, but they do very little to cut estate taxes once your net worth climbs above $4 million—the point where Illinois starts its own estate tax meter. If your assets keep growing, […]