Santa Clause
When the words “Santa Clause” come to mind, the first instinct may be to think of an old man in a red suit. The lesser-known “Santa Clause,” however, is an estate planning provision often added to wills or revocable t rusts. What is a “Santa Clause”? It is an estate planning tool and a charitable strategy that allows grantors to maximize beneficiaries’ inheritance while supporting meaningful causes. It is primarily used by residents of states with an estate tax “fiscal cliff,” which occurs...