Sentences with phrase «estate tax exposure»

Depending upon the estate circumstances, this could result in unwanted estate tax exposure for family business succession planning.

By making those transfers, you might simultaneously reduce both your income and your ultimate estate tax exposure.

Depending upon the estate circumstances, this could result in unwanted estate tax exposure for family business succession planning.

Charitable planning strategies such as using a charitable lead trust or a charitable remainder trust can also offer significant estate planning benefits to reduce estate tax exposure (while also offering income tax benefits while living) and those strategies are unpacked in the linked article above.

If an estate is larger and therefore vulnerable to federal or state estate tax exposure, an irrevocable trust may be used to provide liquidity for the estate without being subject to estate taxes by owning the policy and being designated as the beneficiary upon the death of the insured.

Thus, our top 1 % will continue to benefit greatly from irrevocable trust planning that uses what is called qualified gifting to an irrevocable trust in order to reduce or limit the size of the estate for estate tax exposure.

Since contributions to MESP are considered a completed gift for federal gift and estate tax purposes, it's removed from your estate, and can help reduce your future estate tax exposure.

If you are in an exceptionally high tax bracket, are facing uncertainty as to your physical condition over time and want the stability of a permanent life insurance plan, are maximizing other tax advantaged savings and investment accounts, or are looking for a way to reduce estate tax exposure, it is possible that a whole life or other cash value life insurance plan makes sense for you.

If an estate is larger and therefore vulnerable to federal or state estate tax exposure, an irrevocable trust may be used to provide liquidity for the estate without being subject to estate taxes by owning the policy and being designated as the beneficiary upon the death of the insured.

If you do have a larger estate, it is also important to consider estate planning that limits your estate tax exposure and this can be accomplished through spousal and generational planning, irrevocable trust planning, and charitable planning, with the assistance of a qualified expert.

On one hand, I say yes, which is why I have chosen a profession to help people reduce their estate tax exposure.

In many cases, the Grantor (s) will make annual gifts (cash) to the trust that effectively reduces their estate tax exposure.

Especially if you don't plan to live very long or be wealthy enough to have estate tax exposure.

Thus, our top 1 % will continue to benefit greatly from irrevocable trust planning that uses what is called qualified gifting to an irrevocable trust in order to reduce or limit the size of the estate for estate tax exposure.

Charitable planning strategies such as using a charitable lead trust or a charitable remainder trust can also offer significant estate planning benefits to reduce estate tax exposure (while also offering income tax benefits while living) and those strategies are unpacked in the linked article above.