DISPOSITIVE PROVISIONS OF WITH NO PLANNING SETTLOR Living Trust ALL TO SPOUSE NO ESTATE TAX $6,000,000 TO HEIRS Unlimited Marital Deduction TAX AT SPOUSES.

Slides:

Advertisements

Similar presentations

Charity Insurance Payment Annuity Donor Heirs Gift Annuity with Life Insurance #1 #2.

Advertisements

Private Annuity Chapter 36 Tools & Techniques of Estate Planning Copyright 2011, The National Underwriter Company1 An arrangement between two parties,

Overview of Estate/Gift Tax Unified Rate Schedule Single unified transfer tax applies to estates/gifts (post 12/76) – until 2003 why? Rates range from.

Overview of Estate/Gift Tax Unified Rate Schedule Single unified transfer tax applies to estates/gifts (post 12/76) why? Rates range from 18% to 40% -

Personal Relationships…Professional Solutions Comprehensive Wealth Management Presented By Reliance Trust Company John A. Rodgers, III.

 Unlimited Marital Deduction.  Marriage – A single economic unit o Concept is that the “pair” functions as one economic unit When buying assets When.

© 2007 ME™ (Your Money Education Resource™) 1 Estate Planning for Financial Planners Chapter 8: Trusts.

Wealth Transfer & Estate Planning with IRA Assets Create A Legacy with Individual Retirement Accounts For Producer Use Only. Not to be Used with Existing.

LBL7166 Allstate Insurance Company 1 Financial Focus Estate Planning for Uncertain Times Not FDIC, NCUA/NCUSIF insured * Not a deposit *

You are part of the Rotary Family Be a part of it forever.

Chapter 9 Specialized Trusts. Wills, Trusts, and Estates Administration, 3e Herskowitz 2 © 2011, 2007, 2001 Pearson Higher Education, Upper Saddle River,

1 George Washington University Estate Planning Essentials October 2, 2010.

Truth About Estate Planning Law Offices Of Arthur J. Pauly, Jr. What You Should Know Before You See An Attorney.

Chapter 25 Transfer Taxes and Wealth Planning © 2014 by McGraw-Hill Education. This is proprietary material solely for authorized instructor use. Not authorized.

Managing for Today and Tomorrow Succession, Business, Estate, and Retirement Planning for Farm and Ranch Women Estate Planning Part Three Transferring.

Charitable Trusts Important Estate and Tax Planning Tools.

T A C I T A strategy for minimizing taxes on appreciated assets T ax deduction for you A void capital gains C haritable contribution I ncome for life or.

Estate Planning A Guide to Understanding Estate Planning.

Planned Giving – An Essential Fundraising Vehicle Michele Thomas Dole, MS, CFP ® Faculty, The Fund Raising School.

Planned Giving. While Annual gifts and Major gifts are given “outright”, Planned gifts are established in a way that is typically fulfilled after a term.

Trust Basics By Jingang Xu (internal training use for Anna Li’s team only)

International Medical Health Organization (IMHO) BUSINESS OF GIVING.

You are part of the Rotary Family Be a part of it forever.

Prentice-Hall, Inc.1 Chapter 17 Estate Planning: Saving Your Heirs Money and Headaches.

Chapter 20 Estates and Trusts: Their Nature and the Accountant’s Role.

1 FIFTH ANNUAL GREATER KANSAS CITY FORUM ON CHARITABLE TAX STRATEGIES CHARITABLE TAX PLANNING TECHNIQUES IN BUSINESS SUCCESSION PLANS.

FOR BROKER/DEALER AND GENERAL AGENT USE ONLY.1 Gifting Using Gifting to discover the power of lifetime giving Manulife Financial and the block design are.

One of the most important steps any person can take to ensure that:  Your final property and health care wishes are honored  Your loved ones are provided.

 Trusts.  What is a Trust? o Trusts are a financial planning tool (legal documents) that Provide for ownership of assets Control of interests in assets.

Taxable Estate n Gross estate less u 2053 Expenses, debts, & taxes u 2054 Losses u 2055 Charitable deduction u 2056 Marital deduction u QFOBI deduction.

Unlimited Marital Deduction  Advantages Defers estate tax until surviving spouse dies  Assuming surviving spouse doesn’t consume assets  Assuming surviving.

1 Gifts n Generosity / personal motives n estate reduction n income shifting (‘86 Act) n income tax deduction (charity) n issue of control.

1 Estate Planning – Retirement Benefits. 2 The Nuts & Bolts Rules Introduction to Estate Taxes Unlimited Marital Deduction Exemption amounts (Unified.

CAGP-ACPDP Conference Planned Giving Presentation ROBERT KLEINMAN FCA Mr. Prospect Thursday, May 13, :30am.

Creating a Legacy: Life Insurance & Charitable Gifting John Jordan, CFP Insurance & Estate Planning Specialist.

1 Real Estate Profits: A Matter of Timing and Technique O Presented by James F. Normandin, President Memorial Medical Center Foundation 2801 Atlantic Avenue.

Estate Planning Parman R. Green University of Missouri Extension Ag Business Mgmt. Specialist

Estate Planning: Saving Your Heirs Money and Headaches.

© 2013 Pearson Education, Inc. All rights reserved.17-1 Chapter 17 Estate Planning: Saving Your Heirs Money and Headaches.

Split Interest Charitable Trusts, Private Foundations and Donor Advised Funds Fran M. DeMaris Executive Vice President Cannon Financial Institute, Inc.

2 Gifts of Estates and Assets Leadership Conference September 26, 2012.

Chapter 12: The Gift Tax Chapter 12: The Gift Tax.

CASE STUDY Jack & Emily McCaw “Keep it Simple…” © 2000 Financial Independence Group.

Estate Planning: Concepts and Strategies

1 Chapter 12: The Gift Tax. 2 THE GIFT TAX (1 of 2)  Unified transfer tax system  Gift tax formula  Transfers subject to gift tax  Annual exclusion.

 Jerry Rhinehart, CIC, CLU, ChFC, RHU Panama City, FL Estate Planning Techniques.

© 2007 ME™ (Your Money Education Resource™) 1 Estate Planning for Financial Planners Chapter 9: Charitable Giving.

McGraw-Hill© 2005 The McGraw-Hill Companies, Inc. All rights reserved.

Charitable contributions  Qualified organizations Public charity: charitable, religious, education, government  Not: your neighbor who lost his job;

Truth About Estate Planning Pauly Law Offices, Inc. What You Should Know Before You See An Attorney.

Marital Deduction and Bypass Trusts Chapter 24 Tools & Techniques of Estate Planning Copyright 2011, The National Underwriter Company1 Marital Deduction.

Charitable Split Interest Trusts Chapter 33 Tools & Techniques of Estate Planning Copyright 2011, The National Underwriter Company1 A trust that has both.

PRESENTED BY: David DelFiandra, Esq. Leech Tishman INCLUDING CHARITY IN ESTATE PLANS WITH INDIVIDUAL RETIREMENT ACCOUNTS.

Joe & Mary Client April 11, Objectives To educate you on the Joe & Mary Client estate plan To measure the impact inheritance may have on your life.

Rebecca E. Dupras, Esq. Vice President of Development Silicon Valley Community Foundation Gifts that Give Back.

McGraw-Hill Education Copyright © 2015 McGraw-Hill Education. Chapter 14 Transfer Taxes and Wealth Planning.

Charitable Remainder Trusts presented by Tim Mezhlumov, EA, CFP, CLU, CFS, CLTC.

Estate Planning Chapter 14. Considerations Client Data Federal and State Gift and Estate Taxes Estate Administration Expenses Forced Liquidation Termination.

Estate Planning. Estate planning n Goals and objectives n Reviewing current plan n Passing property at death n Probate n Estate taxes (federal, state)

Could President Trump’s Estate Tax Proposals Impact Charitable Giving?

Why Do Life Estate Gifts Have Great Potential?

Overview of Estate/Gift Tax Unified Rate Schedule

By Jingang Xu (internal training use for Anna Li’s team only)

Transfer Taxes and Wealth Planning

Gift of IRA IRA During Life: after age 70 ½

Taxation of Gifts and Estates

Transfer Taxes and Wealth Planning

INVEST Trust Services Trust School 101.

Ten Great Charitable Planning Ideas for 2018

(plus $63,250 in settlement charges

Presentation transcript:

DISPOSITIVE PROVISIONS OF WITH NO PLANNING SETTLOR Living Trust ALL TO SPOUSE NO ESTATE TAX $6,000,000 TO HEIRS Unlimited Marital Deduction TAX AT SPOUSES DEATH $10,000,000 $6,000,000 40% Estate Tax 100% Joint Property

DISPOSITIVE PROVISIONS OF PROPOSED ESTATE PLAN TESTAMENTARY SETTLOR Living Trust MARITAL QTIP/QDOT TRUST TO SPOUSE NO ESTATE TAX $6,600,000 TO HEIRS FOR LIFE LIMITED BY CERTAIN STANDARD Credit Shelter Amount Unlimited Marital Deduction 100% TO HEIRS 40% ESTATE TAX AT SPOUSES DEATH $10,000,000 $1,500,000 $8,500,000 $5,100,000

DISPOSITIVE PROVISIONS OF PROPOSED ESTATE PLAN TESTAMENTARY ILIT $10,000,000 SETTLOR Living Trust $1,500,000 MARITAL QTIP/QDOT TRUST $6,500,000 TO SPOUSE NO ESTATE TAX $5,400,000 + $5 Mil. DB. = $10,500,000 TO HEIRS FOR LIFE LIMITED BY CERTAIN STANDARD Credit Shelter Amount Unlimited Marital Deduction 100% TO HEIRS TAX AT SPOUSES DEATH $2,000,000 JSWL $5 Million Death Benefit IRREVOCABLE LIFE INSURANCE TRUST 100% TO HEIRS Gifting $5,000,000 $1,500,000 Net $3,900,000

Charitable Remainder Annuity Trust John Jones - Age 74 Mary Jones - Age % Annuity Trust Charity/Family Foundation Property Value $1,000,000 Cost $100,000 Gain $900,000 Principal $1,000,000 Annual Annuity Income $63,800 Estimated Income for 2 lives over 20.2 years $1,228,760 Transfer and sell tax-free. Bypass up to $900,000 gain may save $135,000. Income tax deduction of $272,825 may save $95,489. If trust earns 7.81%, pays 6.38% annuity, trust value increases. After two lives, trust passes without probate to charity.

PROPOSED ESTATE PLAN TESTAMENTARY ILIT + Charitable Trust/Family Foundation PROPOSED ESTATE PLAN TESTAMENTARY ILIT + Charitable Trust/Family Foundation $10,000,000 SETTLOR Living Trust $1,500,000 MARITAL QTIP/QDOT TRUST $5,500,000 TO SPOUSE NO ESTATE TAX $3,465,000 + $5 Mil. DB. = $8,465,000 TO HEIRS Credit Shelter Amount Unlimited Marital Deduction TAX AT SPOUSES DEATH $2,000,000 JSWL $5 Million Death Benefit IRREVOCABLE LIFE INSURANCE TRUST 100% TO HEIRS Gifting $5,000,000 $1,500,000 Net $3,465,000 CRAT $1,000,000 Family Foundation Heirs Are Directors $1,667,073 Estate Tax reduces to 37%