Plan ahead: estate planning to secure your wishes Estate Planning is your overview of the estate planning concepts that are necessary to consider when advising your clients about the different facets of wealth transfer planning. This fundamental reference presents the basic estate, gift, and trust planning ideas in a descriptive and accessible manner allowing you to easily and conveniently access the information you need when you need it. This essential text covers the development of estate planning strategies for your clients, the fundamentals of the federal transfer tax system, relevant federal income tax rules, lifetime donative asset transfers, gratuitous property transfers at death, generation–skipping transfers, special property transfer planning considerations, and post–mortem planning. When done effectively, estate planning enables your clients to make both lifetime and testamentary transfers of assets to beneficiaries of their choice. In the process, strategic, successful estate planning strategies conserve wealth for these beneficiaries, who are often family members of the client. Leveraging the right methods of estate planning can ensure that you achieve your client?s objectives. Explore the fundamentals of estate planning as they relate to wealth transfer planning Dive into special property transfer planning considerations, including community property, life insurance, charitable transfers, closely held corporations, etc. Better serve your clients by having access to relevant, easy to navigate information on estate planning best practices Reinforce these new ideas with a comprehensive test bank Estate Planning is your guide to estate planning concepts that help you protect your assets during wealth transfer and prepare for your assets to change hands as smoothly as possible. INDICE: Acknowledgments .About the Author .Introduction .Chapter 1 Introduction .Chapter 2 Inventory of the Client s Assets and Objectives .Scope of Factual Analysis .Family .Assets and Liabilities .Cash Flow Analysis .Present Objectives for Estate Disposition .Chapter 3 Preliminary Estate Planning Considerations .Expanded Responsibilities of the Professional Tax Advisor .Facilitating Lifetime Capital Formation .Fundamental Federal Income Tax Planning .Managing and Structuring the Closely Held Business Ownership: Family Business Succession Planning .Additional Important Preliminary Planning Inquiries .Chapter 4 The Basic Federal Transfer Tax and Income Tax Structure .Estate, Gift and Generation–Skipping Transfer Taxes .Related Federal Income Tax Considerations .Chapter 5 Fundamental Testamentary Planning .Basic Mechanisms for Transferring Property .Trusts .Credit Shelter Trust .Estate Tax Marital Deduction Transfers .Powers of Appointment .Chapter 6 Lifetime Asset Transfers .Lifetime Gifts Arguments For and Against .Basic Federal Tax Considerations .Methods of Completing Gifts .Specific Types of Gifts .Chapter 7 Intrafamily Transfer Alternatives to Gifts .Intrafamily Sale/Leaseback or Gift/Leaseback .Intrafamily Installment Sales .Interest–Free Loans of Money .Loans of Property or Credit .Tax–Free Property Exchanges with Family Members .Private Annuities .Joint or Split Purchases .Sale of Remainder Interest in Property .Grantor Retained Annuity Trust and Unitrust .Personal Residence Trusts .Transfers of Family Properties Summarized .Chapter 8 Generation–Skipping Transfers .Purpose of the Generation–Skipping Transfer Tax .Definitional Provisions .Tax Computation .Exemptions .GST Tax Planning Considerations .Chapter 9 Special Nonprobate Planning Situations .Joint Property .Community Property .Life Insurance .Commercial Annuities .Charitable Transfers .Foreign Trusts .Chapter 10 Special Business Planning Situations .Family Business Planning Options .Closely Held Family Corporations .Closely Held Partnerships and Limited Liability Companies .Special Valuation for Family Farms and Real Property .Qualified Family–Owned Business Interests .Chapter 11 Special Executive Compensation/Deferred Benefits Estate Planning .Executive Compensation Planning .Qualified Pension and Profit–Sharing Plans .Self–Employed Individual .Individual Retirement Account .Business–Originated Life Insurance .Chapter 12 Post–Mortem Estate Planning .Planning Options .Income Tax Planning Opportunities .Renunciations and Disclaimers .Waiver of Fee by Fiduciary .Solving Estate Liquidity Problems .Alternate Valuation .Chapter 13 Estate Planner–Client Relationship .Professional s Responsibility .Determining the Amount of the Estate Planner s Fee .Income Tax Deduction of Estate Planning Fees .Appendix .Bibliography
- ISBN: 978-1-119-15712-0
- Editorial: John Wiley & Sons
- Encuadernacion: Cartoné
- Páginas: 736
- Fecha Publicación: 17/02/2016
- Nº Volúmenes: 1
- Idioma: Inglés