Estate Tax Planning


The following is a summary of various Advanced Estate Tax Planning Techniques available for eliminating or minimizing estate taxes. While not all techniques may be appropriate for your situation, you should see which ones might be beneficial to you and your family.

  • Heritage Trusts. Avoids future estate and generation-skipping taxes, while protecting the beneficiaries from creditors and spouses.
  • Net Trust. Protects beneficiaries= inheritance from creditors and spouses.
  • Annual Giving. Allows your estate to be reduced by transferring up to the maximum gift amount each year to as many persons as you wish.
  • Irrevocable Life Insurance Trust. Eliminates estate taxes when life insurance proceeds are collected.
  • Qualified Personal Residence Trust. Transfers ownership of a residence at a reduced value for tax purposes.
  • Family Limited Partnership. Reduces the value of assets for estate and gift tax purposes and protecting assets from creditors.
  • Intentionally Defective Grantor Trust. Transfers an asset in a manner that allows future growth in the value of the assets to be eliminated from estate taxes, while giving the owner use of some of the income produced by the assets.
  • Designated Beneficiary Trust. Minimizes income tax to beneficiaries of IRAs and other retirement accounts.
  • Grantor Retained Annuity Trust. Transfers income-producing assets at reduced values for estate and gift tax purposes.
  • Charitable Trust. Reduces estate taxes and obtain an income stream for family members while transferring the assets to charity, thereby resulting in a charitable deduction.

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