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HIGH NET WORTH CLIENT TOOLS

HIGH NET WORTH CLIENT TOOLS. Charitable Gift Planning. Family Foundation Community Foundations Charitable Annuity Trusts Charitable Remainder Trusts-CRATs and CRUTs Charitable Lead Trusts CLUTs and CLATs

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HIGH NET WORTH CLIENT TOOLS

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  1. HIGH NET WORTH CLIENT TOOLS

  2. Charitable Gift Planning • Family Foundation • Community Foundations • Charitable Annuity Trusts • Charitable Remainder Trusts-CRATs and CRUTs • Charitable Lead Trusts CLUTs and CLATs • Leaving IRD property from estate to charities such as IRAs, 401(k)s , savings bonds etc. • Gifting up to $100,000 of your minimum required distribution from retirement account to charity

  3. Insurance Planning • Irrevocable Life Insurance Trust • Estate Tax Liquidity • Estate Equalization • Estate Tax Default Plan • Fund Buy/Sell Agreements • Key Man Insurance • Company Buy Out Plans • Split Dollar Plans • Insurance Coupled with GRATS and CLATs • Premium Financed Plans

  4. Gifting • Qualified Personal Residence Trust QPRT • Minor Trust • Annual Exclusion gifts • Estate Tax Exclusion gifts • Gifts using Health and Education Exclusion Outright or through trust provisions • Use of Crummey Powers

  5. Post-Mortem Planning • Disclaimers • Reverse QTIP • IRA and Retirement Plan Distribution planning • Fiscal Year Elections • Deduction on final year of estate income tax return • Administrative expenses and best return to be claimed

  6. Estate Tax Planning • Marital planning to make use of applicable credit • Qualified Terminable Interest Property Trust (QTIP) • Reduction in value with discount through minority interests and liquidity issues • Titling of assets • Liquidity

  7. Vehicles for College • 529 Plans • Coverdell Educational Savings Account • Trust for college • Withdrawal from Roth IRA • $10,000 withdrawal from other retirement plans • Zero Coupon Municipal Bonds • UGMA/UTMA Custodial Accounts • College Saving Bonds

  8. Asset Protection • Delaware Asset Protection Trust • Spendthrift Trusts and Discretionary Trusts • Delaware LLC or LPs • Insurance • Limiting Account Balances • Domiciles

  9. Retirement Planning • Profit Sharing-Defined Contribution • Profit Sharing-Defined Benefit • IRAs • Roth IRAs • Roth Conversions • SEP • 401 (k) • 403 (b) • SIMPLE • Annuities

  10. Generation Skipping Tax Planning • Delaware Dynasty Trusts • Mathematics of gifting and intervivos sales • Leverage the use of discounted values • Self Cancelling Installment Notes SCIN • Intentionally Defective Grantor Trusts IDGT

  11. Income Tax Planning • Delaware Tax Advantage Trust DING • Charitable Remainder Trusts • Capital Loss Harvesting • Passive Income Generators • Health Savings Plans • Alternative Minimum Tax Avoidance AMT • Retirement Plan Contribution and Withdrawal planning • Donating Appreciated Assets rather that selling and donating • Identifying high basis stock • 1031 exhanges • 1035 exchanges

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