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{"id":15768,"date":"2016-05-16T16:14:44","date_gmt":"2016-05-16T16:14:44","guid":{"rendered":"http:\/\/www.seonewswire.net\/2016\/05\/comparison-between-transfers-to-income-only-trusts-and-transfers-to-children\/"},"modified":"2016-05-16T16:14:44","modified_gmt":"2016-05-16T16:14:44","slug":"comparison-between-transfers-to-income-only-trusts-and-transfers-to-children","status":"publish","type":"post","link":"http:\/\/www.seonewswire.net\/2016\/05\/comparison-between-transfers-to-income-only-trusts-and-transfers-to-children\/","title":{"rendered":"COMPARISON BETWEEN TRANSFERS TO INCOME ONLY TRUSTS AND TRANSFERS TO CHILDREN"},"content":{"rendered":"
\n

by Thomas D. Begley, Jr., CELA<\/p>\n

The following chart compares the advantages and disadvantages of an outright transfer of assets and putting assets in an Income Only Trust.<\/h3>\n

 <\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Trusts v. Transfers Comparison<\/strong><\/td>\n<\/tr>\n
<\/td>\n<\/tr>\n
Issue<\/em><\/td>\n\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 Income Only Trusts<\/em><\/td>\n\u00a0\u00a0\u00a0\u00a0 Children<\/em><\/td>\n<\/tr>\n
<\/td>\n<\/tr>\n
Look-Back<\/td>\n5\u00a0Years<\/td>\n5\u00a0Years<\/td>\n<\/tr>\n
Control<\/td>\nNone<\/td>\nNone<\/td>\n<\/tr>\n
Risk Avoidance<\/td>\nYes<\/td>\nNo<\/td>\n<\/tr>\n
Estate Recovery<\/td>\nMaybe<\/td>\nNo<\/td>\n<\/tr>\n
Income Tax<\/td>\nParent<\/td>\nChildren<\/td>\n<\/tr>\n
Gift Tax<\/td>\nMaybe<\/td>\nYes<\/td>\n<\/tr>\n
Step Up in Basis<\/td>\nYes<\/td>\nNo<\/td>\n<\/tr>\n
Principal Residence Exclus.<\/td>\nYes<\/td>\nNo<\/td>\n<\/tr>\n
<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

 <\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

by Thomas D. Begley, Jr., CELA The following chart compares the advantages and disadvantages of an outright transfer of assets and putting assets in an Income Only Trust.   Trusts v. Transfers Comparison Issue \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 Income…<\/span><\/p>\n