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With this perfect storm of historically low interest rates, highly undervalued assets and the prospect of a permanent estate tax, clients should be considering tax minimization strategies. Instead, they are more interested in regaining a sense of safety and security. Many clients have lost trust in financial institutions and their advisors. Before they will even begin to consider tax driven wealth transfers, clients first want their asset protection issues resolved. And these issues go well beyond those brought on by market uncertainties. This live, 90-minute webinar explored the estate planning strategies that address what really concerns your clients. What was covered - Asset Protection Concerns
- Protecting the trust estate from a potentially bad trustee
- Protecting the trust estate from a beneficiary’s creditors
- Protecting the trust estate from a spendthrift beneficiary
- Trust Protectors and Investment Committees
- Removing and replacing trustees
- Lifetime discretionary trusts
- Depreciated Assets Planning Issues
- Asset specifically bequeathed
- Ensuring sufficient support for surviving spouse
- Qualify for deferral of estate tax under IRC §6166
- Buy-Sell Agreement’s Valuation Formula
- Wealth Transfer Opportunities
- Outright Gifts
- Grantor Retained Annuity Trusts
- Intra-Family Loans
- Sales to Grantor Trusts
- Charitable Lead Annuity Trust
Educational Objectives Participants learned: - Traditional non-tax estate planning techniques that address a client’s primary concerns,
- Depreciated asset planning issues, and
- Wealth transfer tax minimization strategies that work best in today’s economy.
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