Objective
- Understand and apply the best planning transfer tax strategies for super high-net-worth families
Highlights
- Tax planning strategies for super high-net-worth individuals
- Using gifting to reduce the ultimate impact of the estate tax
- Trusts that can be used effectively to reduce the ultimate transfer tax on the family unit
- Planning to preserve the unused exemption amount of the first spouse to die
- Using an intentionally defective grantor trust—what it is and how it works
- Role of family partnerships for a super high-net-worth family
- Pros and cons of using a dynasty trust
- Using qualified personal residence trusts (QPRTs) to reduce or eliminate the transfer tax
Designed For
Tax practitioners who advise very wealthy individuals and who need to understand estate- and gift-tax planning strategiesPrerequisite
Familiarity with tax rules related to individual taxationAdvanced Preparation
None