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Advanced Estate Planning

When your fundamental estate planning is in place, often it makes sense to engage in advanced estate planning to reduce taxes, make charitable gifts, or protect family and business interests, among other objectives. Advanced planning employs various estate planning methods, including freezing an asset's value and passing future gains to others, transferring assets at below fair market rates so that you can transfer more of an asset within available gift tax exemption amounts, or passing highly appreciated assets to a nonprofit to avoid capital gains exposure. Some of the more common forms include:

  • Irrevocable trusts to remove assets from your estate, including Irrevocable Life Insurance Trusts (ILIT); Intentionally Defective Grantor Trusts (IDGT); and Lifetime Qualified Terminal Interest Property Trusts (Lifetime QTIP).

  • Charitable trusts to benefit both you and a charity, including Charitable Remainder Trusts (CRT); and Charitable Lead Trusts (CLT).
  • Split interest trusts to freeze the value of an asset to keep future appreciation out of your taxable estate, including Qualified Personal Residence Trusts (QPRT); Grantor Retained Annuity Trusts (GRAT); Grantor Retained Unitrusts (GRUT) and Grantor Retained Income Trusts (GRIT).

Other common estate planning strategies include Retirement Plan Trusts (RPT) to ensure your beneficiaries do not waste the advantages of tax-deferred growth on an inherited IRA; and Family Limited Liability Company (FLLC) and Family Limited Partnership (FLP) structures to protect business and family assets while engaging in inter-generational tax planning.

Call 802-985-8811
for a complimentary initial consultation
and review of your existing estate plan.




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| Phone: 802-985-8811

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