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New-Law Supplement
Part I - Introducing The Tax-Saving System
| Chapter |
| One |
Why Should You Read this Book?...Who Should Read This Book? |
| Two |
What Is an Estate Plan? |
| Three |
Estate Planning — How It's Done Now |
| Four |
The Network: A Tax-Saving Wealth Preserving Concept |
| Five |
Don't Just Avoid Probate...Totally Avoid Estate Taxes |
| Six |
Building the Family Wealth Protection Fortress |
| Seven |
Key to Success — Setting Your Goals |
| Eight |
An Introduction to the Strategies |
| Nine |
Yes, the System Works for the Little Guy |
| Ten |
Select Right Advisor/Second Opinion |
| Eleven |
The Final Test |
Part II - The Basic Building - Block Tax Strategies
| Strategy |
| #1 |
Wealth Creation Trust (WEALTH CREATION T) |
| #2 |
Leveraged Gifts to the Family (LEV GIFT -- FAM)
The Generation-Skipping Tax (GST)
The Cristofani Method |
| #3A |
The Magic of Life Insurance...Why and How the Rich Buy So Much Insurance |
| #3B |
Analyze Existing Insurance Policies |
| #3C |
Wealth Producing Breakthrough: Premium Financing
(PREM FIN), A New Way to Buy Life Insurance |
| #4 |
Junk Money (JUNK Strategy) |
Part III - Tax Strategies That Reduce The Size of Your Estate
| Strategy |
| #5 |
Qualified Personal Residence Trust (QPRT) |
| #6 |
The Grantor Retained Annuity Trust (GRAT) |
| #7 |
The Magnificent Intentionally Defective Trust (IDT) |
| #8 |
Family Limited Partnership (FLIP) |
Part IV - Tax Strategies That Create Wealth
| Strategy |
| #9 |
Tax-Free Education / Retirement Plan
The Rule of 72 |
| #10 |
How to Save Your Qualified Plan Funds from the Tax Collector (IRD Strategy) |
| #11 |
Use Your Qualified Plan Money to Enrich Your Family Instead of the IRS (SUBTRUST) |
| #12A |
Leveraged Charitable Giving — An Overview |
| #12B |
Charitable Remainder Trust (CHAR RMNDR T)
(Includes CRAT, CRUT and NIMCRUT) |
Part V - Other Leveraged Charitable Gifts
| Strategy |
| #13 |
Charitable Lead Trust (CHAR LEAD T)
A Summary of Split-Income Charitable Trusts |
| #14 |
Charitable Gift Annuity (CHAR GIFT ANNTY) |
| #15 |
Residence Charitable Gift (RES CHAR GIFT) |
| #16 |
Leveraged Charitable Gifts by Business (LEV CHAR GIFT — BUS) — A New Profit Center for Your Business |
Part VI - Special Situations and The Non-Business End Game
| Strategy |
| #17 |
Maximizing the After-Tax Results When You Own Rental Real Estate |
| #17A |
A Non-Charitable approach -- Combine a GRAT, a FLIP and a WEALTH CREATION T |
| #17B |
A Charitable Approach -- Combine a Minority Discount with a CHAR LEAD T |
| #17C |
How to Get Real Estate Out of Your Closely Held Corporation |
| #17D |
A Charitable Variation: Get Real Estate Out of Your Corporation |
| #18 |
End Game Strategies |
| #18A |
Leveraging Your Unified Credit |
| #18B |
Paying Your Estate Tax During Life |
| #18C |
Using a CHAR RMNDR T at Death to Conquer IRD |
| #18D |
Combining a WEALTH CREATION T with a CHAR RMNDR T to conquer IRD. |
Non-Business Case Studies: The Strategies in Action
| Case Study |
| C/S #1 |
A Non-Charitable Approach |
| C/S #2 |
A Charitable Approach |
| C/S #3 |
A Charitable Approach |
Part VII - Ending Business Life
| Strategy |
| #19 |
Sale of Your Closely Held Business |
| #20 |
Sale of Stock to Your Kids Is a No-No |
| #21 |
Voting vs. Nonvoting Stock (VOT/NONVOT STK) |
| #22 |
Transfer Considerations and Other Things You Should Know |
| #22A |
The Threat of Divorce |
| #22B |
What is the Value of Your Stock (for Tax Purposes)? |
| #22C |
Buy/Sell Agreements |
| #22D |
Only Business Children Should Ultimately Own the Business |
| #22E |
How to Transfer Your Business to the Business Children and Treat the Non-Business Children Fairly |
| #22F |
An IRS-Funded Charitable Buy/Sell Agreement |
| #22G |
Using a NIMCRUT to Gift Your Business…Then Retire |
Part VIII - Transferring Your Privately Held Business
| Case Study |
| C/S #4 |
A Non-Charitable Approach |
| C/S #5 |
A Charitable Approach |
Part IX - Putting It All Together: How to Complete Your Family Wealth Protection Fortress
| #1 |
How to Finish Your Personal Family Wealth Protection Fortress |
| #2 |
Asset Protection |
| #3 |
Foreign Structures for Asset Protection and Tax Savings |
| #4 |
Piecemeal Planning: An Expensive and Dangerous Game |
| Strategy |
| #23 |
The Perfected Foreign Trust (PFT) |
Appendix
How Estate Tax is Calculated
Basic Charitable Tax Rules
Family Foundations/Private Foundations and Other Charitable Entities
Contributions of Property — Other than Long-Term Capital Gain Property
Summary of Deductions for Charitable Contributions
- Individuals
Income Tax — Corporations
Estate Tax Charitable Deductions
Life Expectancy in Years
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