Wealth Transfer
Lifetime wealth transfer may be important for you to consider if you have a taxable estate (more than $2M in total assets, including life insurance). Lifetime wealth transfer tools generally provide for leveraged gifting while making use of your $1M lifetime exemption from gift tax. Here are some examples:
- GST Exempt Gift Trusts
- Qualified Personal Residence Trusts
- Grantor Retained Annuity Trusts
- Grantor Retained Income Trusts
- Intentionally Defective Grantor Trusts
- Irrevocable Life Insurance Trusts
- Family Limited Partnerships
- Family Limited Liability Companies
These tools can be used in combination to minimize or eliminate taxes while also helping you realize your ultimate goals. As always, we will work closely with your other advisors to coordinate your overall wealth transfer plan.