Estate Planning

PRACTICAL PLANNING IDEAS YOU CAN USE

Tax reform
Allows for transfer of wealth in enormous proportions through year 2025*

Trust planning
Plan with flexibility, control, asset protection, and dynastic language for children, grandchildren
and future descendants
• Revocable and Irrevocable Trusts        • Asset Protection against Divorce and Creditors
• Dynasty Trust                                          • Chronic Illness and Long-Term Care
• Spousal Lifetime Access Trust (SLAT)

Life insurance planning opportunities
• Product structure with focus on maximizing IRR to trust/family
• Increased ability to make gifts for purchase of life insurance
• IRA/RMD Rescue Planning in favorable tax brackets through 2025
• Insured Dynasty Trust
Creation of wealth to be passed down in trust to multiple generations while avoiding estate taxes
due at the death of each generation

• Split Dollar
Identifies the party needing the insurance and the party with ability to pay premium and “splits” the responsibilities
- Corporate Leverage corporate dollars to create personal wealth 
- Private Creates optimal flexibility, minimizes gifts, using most favorable AFR rates in history
- Generational Gift tax efficient strategy that creates wealth for grandchildren and future descendants
• Commercial and private financing of premium for life insurance
• Sale of income producing assets via installment sale to IDGT
• Increased exemption for life insurance inside qualified plans


* Subject to change based upon Political landscape post 2020 election.
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