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Top 10 Estate Planning Techniques PDF Print E-mail

"Top 10 Estate Planning Techniques"

pen and living trust / term insurance

1. $13,000 Annual Gift Tax Exclusion:
Technique to allow gifts without the imposition of estate or gift taxes.
2. Charitable Remainder Interest Trust:
A trust whereby donors transfer property to a charitable trust and retain an income stream from the property transferred. The donor receives a charitable contribution income tax deduction, and avoids a capital gains tax on transferred property.
3. Children's or Grandchildren's Irrevocable Education Trust:
A trust used by parents and grandparents for a child's or grandchild's education.

4. Family Limited Partnership:

An entity used to:
1. Provide asset protection for partnership property from the creditors of a partner
2. Provide protection for limited partners from creditors
3. Enable gifts to children and parents maintaining management control
4. Reduce transfer tax value of property.
5. Fractional Interest Gift:
Allows a donor to transfer partial interests in real property to donees and obtain fractional interest discounts for estate and gift tax purposes.
6. Health Care Power of Attorney:
Instrument used to allow a person you name to make health care decisions for you should you become incapacitated.
7. Irrevocable Life Insurance Trust:
A trust used to prevent estate taxes on insurance proceeds received at the death of an insured.
8. Private Foundation:
An entity used by higher wealth families to receive any otherwise taxable property so as to eliminate estate taxes on the death of a surviving spouse.
9. Property Power of Attorney:
Instrument used to allow an agent you name to manage your property if you become incapacitated.
10. Revocable Living Trust:
A device used to avoid probate and provide management of your property, during life and after death.


Shawn Rabban (310) 714-5616

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