Protecting family assets in the event of a divorce is particularly significant for family business owners, who typically want to avoid sharing ownership with their ex-spouses or their children’s ex-spouses. A prenuptial...more
8/3/2015
/ Community Property ,
Divorce ,
Domestic Asset Protection Trust (DAPT) ,
Estate Planning ,
Estate Tax ,
Family Businesses ,
Foreign Asset Protection Trusts (FAPT) ,
Foreign Trusts ,
Gift Tax ,
Marital Assets ,
Prenuptial Agreements ,
Separate Property ,
Spouses ,
Trusts
In This Issue:
- Premarital planning: Protecting your assets without a prenup
- The ABLE account: A good alternative to a special needs trust?
- Make net gifts to reduce your gift tax rate
- Estate Planning...more
A private annuity can be a powerful strategy for passing assets to heirs in a tax-efficient manner. In a typical private annuity transaction, a parent transfers property to his or her children in exchange for their unsecured...more
It’s no secret that the cost of a college education continues to soar. But this article offers three options to help one’s grandchildren deal with this burden while saving gift and estate taxes: direct tuition payments to the...more
In This Issue:
- State death taxes can be hazardous to your estate
- Can portability help preserve retirement benefits?
- Provide for family members with special needs using an SNT
- Estate...more
Either a family limited partnership (FLP) or a limited liability company (LLC) can allow the transfer of a significant amount of wealth to the next generation at a discounted value for gift tax purposes. But if the IRS...more
In This Issue:
- To preserve your wealth, consider a DAPT
- Estate planning for same-sex spouses: What the Supreme Court’s DOMA ruling means
- Using an FLP or LLC? Beware the step transaction...more
The American Taxpayer Relief Act of 2012 (ATRA) eliminated much of the uncertainty that plagued estate planning for years by making two key provisions “permanent”: the $5 million gift and estate tax exemption (adjusted...more