Tax-Related Planning Memos

These memos cover a number of topics related to saving federal transfer taxes.

Introduction to Transfer-Tax Planning
Overview of federal transfer taxes including the gift tax, the generation-skipping transfer tax, and the estate tax, as well as applicable exclusions and deductions.

Estate Reduction Techniques
Estate-reducing gifts and strategies.

Estate Planning Alphabet Soup
Overview of various trusts and estate planning techniques, including an explanation of each techniques acronyms.

Estate Planning Using Business Interests
Utilizing business entities to facilitate estate-planning objectives.

Uses of Life Insurance
Using life insurance to create, augment, and preserve an estate.

Irrevocable Trusts
Using irrevocable trusts to reduce transfer taxes.

Grantor-Retained Annuity Trusts
Making a deferred gift by retaining the right to annuity payments for a term of years.

Charitable Giving
Gifts and bequests to qualified charities and trusts for charities.

The NING
The Nevada Nongrantor Incomplete Gift Trust. This trust is used by persons living in a state with high personal income tax rates to eliminate or reduce that tax. This trust is not designed to save federal transfer taxes.

Starting a Nevada Family Trust Company
This memo explains the Nevada Family Trust Company, which can be unlicensed or can be licensed by the Nevada Division of Financial Institutions.

Starting a Private Foundation
Creating a private foundation that is a qualified 501(c)(3) charity for federal tax purposes.

Estate-Freezing Techniques
Techniques to “freeze” the value of one’s estate by shifting growth and appreciation.