The guides covers the following topics: Estate plans, Gifts and loans, Estate freezes, Post‐mortem planning, Emigration to the U.S., Asset protection, Powers of attorney and health care directives, Will planning, Trusts, Taxation of trusts, Beneficiaries, Avoiding probate fees, Creditor proofing, Charitable donations, U.S. estate and gift tax.
This work focuses on the tools of estate planning and general planning considerations. It also provides annotated precedent materials. New chapters concerning tax issues and tax tips are now included. The commentary has been expanded and updated to reflect the current state of estates and trusts law and a new precedent, an alter-ego trust, has also been added. This book includes chapters on common planning situations such as the second marriage, the transfer of family businesses and young families.
Lawyers are taken from the opening of a new file through the planning and drafting of wills, powers of attorney, insurance trusts and complementary documents to the reporting, billing and storage of completed documents.
It describes tax laws affecting estate planning and suggests techniques to manage tax consequences. The text includes in-depth analysis of areas such as taxation in the year of death, taxation of the estate, testamentary trusts and beneficiaries, will planning, gifts and trusts, estate freezing, buy/sell arrangements and international taxation, transfers as consequences of death, and attribution rules.
This book is a guide on how to minimize taxes on death. Set up as a practical workbook, this guide educates readers using a simplified explanation of a rather complex area of tax for the non-professional; it describes the tax implications of death.