What is a Vermont Reverse Mortgage and Should I Consider It After Retirement

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Reverse mortgages have been around for several years, but recently, there have been big changes to them. Learn more about Vermont reverse mortgage in this presentation.

What is a Vermont Reverse Mortgage and Should I Consider It After Retirement

This webinar was hosted by David Warren, President and CEO of Bridgeford Trust Company, and examined the progressive trust jurisdictions that allow trusts to “live in perpetuity” and that do not tax trusts at the state level. These progressive trusts present compelling tax planning opportunities for clients, underscoring the vital importance of considering alternative trust jurisdictions in the wealth planning process. This webinar will focus on taxation of trusts among the states and discuss a developing trend in the case law that supports the fact that “resident trusts”, trusts established in a jurisdiction that does not tax retained income in trust, can no longer be taxed by the home state (the state where settlor or beneficiaries reside) and, to do so, violates the Commerce Clause of the United States Constitution. In light of this trend, and recent Private Letter Rulings issued by the IRS, specific planning strategies will be discussed and analyzed.

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