Estate Planning

Estate Planning at a Glance:

Estate planning is the process of arranging ownership and use of assets to help meet lifetime financial objectives in a tax efficient manner, and simultaneously help provide for survivors' needs and the disposition of property at death.

A carefully implemented Estate Plan may help with the following:

 Create and conserve assets during life

 Minimize death taxes and estate settlement costs

 Assure that cash is available to pay unavoidable taxes and costs

 Provide a distribution of assets that meets the estate owner's objectives & intentions

 Provide peace of mind and family harmony

The Estate Planning covers a host of topics:

 Wills and intestacy

 Forms of property ownership

 Federal gift tax

 Federal estate tax

 Estate valuation

 Marital deduction

 Qualified terminable interest property (QTIP)

 Section 6166

 Generation-skipping transfer tax (GSTT)

 Irrevocable life insurance trust

 Dynasty trust

 Spousal limited access trust

 Intentionally defective grantor trust

 Revocable living trust

 Bypass trust

 QPRTs, GRATs, and GRUTs

 Family limited partnerships (FLPs)

 Section 2503(c) trust

 UGMA and UTMA

 Qualified domestic trust

 Advance medical directives

 Durable power of attorney

 Medicaid

 Income in respect of a decedent

 Please click on the links below for additional information:

 Estate Liquidity - http://www.pgih02.biz/asota/s06oa145/pdf/estate_liquidity_sum.pdf

CRT - Charitable Remainder Trusts

Copyright 2015, Pentera Group, Inc., 921 East 86th Street, Suite 100, Indianapolis, Indiana 46240. All rights reserved.

This service is designed to provide accurate and authoritative information in regard to the subject matter covered. It is provided with the understanding that neither the publisher nor any of its licensees or their distributees intend to, or are engaged in, rendering legal, accounting, or tax advice. If legal or tax advice or other expert assistance is required, the services of a competent professional should be sought.

While the publisher has been diligent in attempting to provide accurate information, the accuracy of the information cannot be guaranteed. Laws and regulations change frequently, and are subject to differing legal interpretations. Accordingly, neither the publisher nor any of its licensees or their distributees shall be liable for any loss or damage caused, or alleged to have been caused, by the use of or reliance upon this service.

U.S. Treasury Circular 230 may require The Pentera Group, Inc. to advise you that "any tax information provided in this document is not intended or written to be used, and cannot be used, by any taxpayer for the purpose of avoiding penalties that may be imposed on the taxpayer. The tax information was written to support the promotion or marketing of the transaction(s) or matter(s) addressed and you should seek advice based on your particular circumstances from an independent tax advisor."