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Americans for Prosperity, the grassroots organizing group founded by billionaire industrialists Charles and David Koch, spent $125 million in the midterm elections last year. Now, they’re calling in their chips. At the National Press Club yesterday, AFP president Tim Phillips and several officers with the group laid out their agenda. The group is calling for legalizing crude oil exports, a…
Sometimes it might take an IDGT, or intentionally defective grantor trust, to preserve generational wealth. But how does that work? As high-net-worth clients age, they become more focused on how their accumulated wealth will be distributed to their heirs. Naturally, most parents want their children to inherit as much wealth as possible, which drives a quest to shield those heirs from unnecessary taxation when they inherit. Estate Planning and Unequal Inheritances: Talking Is Key Currently, feder