Leaving a legacy to your loved ones often means careful planning to reduce estate taxes to the greatest extent possible. Transferring wealth to the next generations can be done through a variety of tools and strategies during lifetime and at death, including:
- Revocable Living Trust & Pour-Over Will
- Special Needs Trusts
- Multi-Generational “Dynasty” Trust
- Life Insurance Trust
- Lifetime Gifting Programs
- Qualified Personal Residence Trust
- Grantor Retained Annuity Trust
- Family Limited Partnership
- Limited Liability Company
- IRA Trust and “Stretch IRA” Trust
- Split Gifts
- Installment sales to Grantor Trusts