Taxation & Estate Planning

Advanced Estate Planning (Estate Planning 102)

By Joel A. Schoenmeyer

I usually think of estate planning as either basic or advanced (Estate Planning 101 and 102, as it were), and I spend most of my practice (and this blog) talking about the basics of estate planning. However, Estate Planning 102 is important as well.

Most advanced estate planning is done for tax purposes -- you have to navigate income tax, gift tax, and estate tax issues. If you do so correctly, there are major benefits to this type of planning.

In the coming weeks, I'm going to focus on some of the concepts and planning vehicles used in advanced estate planning. I'll be discussing gifts to individuals as well as gifts to charity, and both outright gifts and gifts to trusts.

Full post as published by Death and Taxes Blog on June 16, 2009 (boomark / email).