Description
With Federal Estate tax exclusions at nearly $14 Million per person, most Americans do not need many traditional estate planning techniques. In a few states with State estate tax exemptions of less than the Federal, tax planning may still be an issue. Here we will discuss five techniques that every financial advisor should be familiar with when working with HNW and UHNW clients. Not every technique is right for every client, but these ideas are broadly applicable and take advantage of tax exemptions, control concerns, and flexibility. We will discuss both planning ideas under current law and maintaining flexibility for potential future changes.
Learning Objectives
• Simple, flexible estate plan for married couples
• Generation skipping without skipping a generation
• Investing for Irrevocable Trusts
• How to sell highly appreciated assets without capital gains
• Taking control of philanthropy during life and after death