Tools and Techniques of Estate Planning covers all aspects of estate planning, from behavioral and ethical issues to estate and gift tax planning, to planning for nontraditional couples and the risk of health issues for aging clients. With topics that are applicable for both large and small estates, this title enables estate planners to:

Help clients plan every aspect of their estate, including tax, investment, insurance, and estate administration decisions;
Help clients effectively preserve their assets under current law;
Handle a wide variety of estates and specific circumstances; and
save significant amounts of time with exclusive estate planning tools.

This book features easy-to-understand, real-world examples from expert authors on which techniques are best suited for a wide variety of circumstances, and equally important advice on how to avoid future problems.

New in the 21st Edition:

Thoroughly updated including the latest Secure Act 2.0 changes and five new chapters.
SECURE Act 2.0 Proposed Regulations and Secure 2.0 Act changes, such as
- the new required minimum distribution ages
- Employee Stock Ownership Plan changes
- when RMDs must be paid out after the death of the account holder
- proposed regulations interpreting the 10 year rule differently when decedent dies before reaching the required beginning date versus after o starting in 2024, additional incentives if the trust is a conduit trust for a surviving spouse
- starting in 2024, how Roth employer plans won't be subject to mandatory distributions during their lifetime
- how SECURE Act 2.0 encourages expansion of vesting, eligibility and establishment of qualified retirement plans o a provision that incentivizes small employers to make military spouses eligible for plan participation and matching sooner than they would otherwise have to
A new chapter 32, Spousal Lifetime Access Trust (SLAT), including the advantages and disadvantages and potential uses
A new chapter 35, Beneficiary Deemed Owner Trusts, explaining the advantages of a BDOT, including how they allow the shifting of the income tax burden to the powerholder without having to make a distribution
A new chapter 44, Using Formula Powers of Appointment/Optimal Basis Increase Trusts (OBITs), discussing how it can be used to avoid a step down in basis and an increase in estate or GST tax
A new chapter 60, Planning with Roth Retirement Accounts, which explains the two key advantages of Roth IRAs over traditional IRAs, as well as the impact of conversions on the beneficiary designation and estate plan and how trusts for the two types of plans may be drafted differently
A new chapter 66, Community Property Trusts, identifying the advantages and disadvantages of creating these trusts
A fully revised chapter on Planning with S Corporations, including recent IRS taxpayer-friendly guidance on inadvertent S corporation terminations with simplified procedures
An update on state laws, including the states that have adopted the Revised Uniform Limited Liability Company Act and states that still have inheritance and/or estate taxes, as well as states that now permit “legal suicide”
Revisions to the chapter on planning opportunities for family members are not U.S. citizens, including a list of countries that have estate or gift tax treaties with the United States

Topics Covered:

Overview of estate planning, including ethical and malpractice issues
Ownership and transfer of property, including Uniform Transfer to Minors Act, power of appointment, wills and probate
Estate taxes, gift taxes and generation-skipping transfer tax
Trusts including grantor retained interest trusts, QTIP trusts and marital deduction trusts
Life insurance, including life insurance trusts
Business transfers such as split interest purchase of property, buy-sell business agreements, limited liability companies and S corporations
Retirement issues such as pension plans, 401k plans, individual retirement plans and SEPs
Planning for aging and health care challenges, including health care documents and issues related to blended families
Valuations of assets, including digital assets, as well as issues related to non-U.S. persons

As with all of the resources in the highly acclaimed Leimberg Library, every area covered in this book is accompanied by the tools, techniques, practice tips, and examples you can use to help your clients successfully navigate the complex course of estate planning and confidently meet their needs.

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Yes, you can access The Tools & Techniques of Estate Planning, 21st Edition by Stephan Leimberg,L. Paul Hood,Edwin P Morrow,L. Paul Hood ,L. Paul Hood in PDF and/or ePUB format, as well as other popular books in Business & Wealth Management. We have over one million books available in our catalogue for you to explore.

Information

Publisher

The National Underwriter Company

Year

2023

Print ISBN

9781588528100

eBook ISBN

9781588528117

Edition

Topic

Business

Subtopic

Wealth Management

Index

Business

Title
Copyright
DEDICATION
ACKNOWLEDGEMENTS
ABOUT THE AUTHORS
Part 1: The Purpose and Practice of Estate Planning
Chapter 1: Overview of Estate Planning
Chapter 2: Data Gathering and Analysis and Initial Client Interview
Chapter 3: Human Side of Estate Planning
Chapter 4: The Unauthorized Practice of Law
Chapter 5: Ethics – A Practical Guideline
Chapter 6: Malpractice in Estate Planning
Part 2: Ownership and Transfer of Property
Chapter 7: Ownership and Transfer of Property
Chapter 8: Gifts
Chapter 9: Uniform Gifts/Transfers to Minors Acts
Chapter 10: Wills
Chapter 11: How to Review a Will: A Checklist for the Estate and Financial Planner
Chapter 12: Powers of Appointment
Chapter 13: Disclaimers
Chapter 14: Selecting the Right People
Chapter 15: Probate and Trust Administration
Chapter 16: Executor’s Primary Duties
Part 3: Taxes
Chapter 17: Trusts in General
Chapter 18: Estate Tax
Chapter 19: Extensions of Time to Pay Estate Tax
Chapter 20: Gift Tax
Chapter 21: Generation-Skipping Transfer Tax
Chapter 22: Federal Income Tax Issues
Chapter 23: Qualified Business Income Deduction
Chapter 24: Post Mortem Tax Elections
Chapter 25: Death Tax Apportionment and Estate Tax Reimbursement
Chapter 26: State Death Taxes
Part 4: Irrevocable Trusts
Chapter 27: Marital Deduction and Bypass Trusts
Chapter 28: Section 2503(b) and 2503(c) Trusts
Chapter 29: Grantor Retained Interest Trusts (GRIT, GRAT, GRUT, QPRT)
Chapter 30: Intentionally “Defective” Trust
Chapter 31: Tax Basis Irrevocable Trust
Chapter 32: Spousal Lifetime Access Trust (SLAT)
Chapter 33: Inter Vivos QTIP Trusts
Part 5: Life Insurance
Chapter 34: Life Insurance
Chapter 35: Beneficiary Deemed Owner Trusts (BDOT)
Chapter 36: Irrevocable Life Insurance Trust
Part 6: Charitable Giving
Chapter 37: Charitable Contributions
Chapter 38: Charitable Split Interest Trusts
Chapter 39: Conservation Easement Exclusion
Part 7: Intra-family and Other Business Transfers Techniques
Chapter 40: Intra-Family Loans
Chapter 41: Installment Sales and SCINs
Chapter 42: Private Annuity
Chapter 43: Interest-Free and Below Market Rate Loans
Chapter 44: Using Formula Powers of Appointment/Optimal Basis Increase Trusts (OBITS)
Chapter 45: Split Interest Purchase of Property (SPLIT)
Chapter 46: Sale (Gift) – Leaseback
Chapter 47: Buy-Sell (Business Continuation) Agreement
Chapter 48: Section 303 Stock Redemption
Chapter 49: Family Limited Partnerships
Chapter 50: Planning with C Corporations
Chapter 51: Limited Liability Companies
Chapter 52: Personal Holding Company
Chapter 53: Planning with S Corporations
Part 8: Planning for Employee Benefits and Retirement
Chapter 54: Deferred Compensation (Nonqualified)
Chapter 55: Employee Stock Ownership Plan
Chapter 56: Individual Retirement Plans (Including SEP and SIMPLE IRAs)
Chapter 57: Profit Sharing/401(k)/Pension Plan
Chapter 58: Survivor’s Income Benefit Plan
Chapter 59: Planning with IRAs and Qualified Retirement Plans
Chapter 60: Planning with Roth Retirement Accounts
Part 9: Human Aspects of Estate Planning
Chapter 61: Planning for Aging and Health Challenges
Chapter 62: Durable Power of Attorney
Chapter 63: Health-Care Documents
Chapter 64: Revocable Trusts
Chapter 65: Planning for Unmarried Partners
Chapter 66: Community Property Trusts
Chapter 67: Marriage Contracts and Property Agreements
Chapter 68: Representing Blended Families for Estate Planning
Part 10: Valuation Issues
Chapter 69: Planning for Digital Assets
Chapter 70: Valuation Planning
Chapter 71: Freezing Techniques – Corporations and Partnerships
Chapter 72: Non-U.S. Persons in the Estate Plan
Index
Back Page

9781413330410,

About this book

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Table of contents