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.