Oftentimes it is possible to take a combination of planning techniques or general rules and put them together in appropriate combination to yield a positive result for clients.
Adding acronyms, technical analysis, and client-friendly charts and explanations can make the technique more easily understandable and usable by all concerned.
This 60-minute presentation will explain the JEST Joint Trust that can allow for a fully-funded Credit Shelter Trust using most or all of the joint trust assets, a step-up in income tax basis of all trust assets upon the first death, and creditor protection advantages that do not exist in many estate plans.
The SCGRAT can allow an individual with a less-than-average life expectancy to sell assets in exchange for a self-canceling installment note without having a significant gift tax risk.
The TEA POT Trust allows for the most efficient use of IRA and pension plan proceeds that must be paid out during the 11th calendar year after the death of a plan participant in many circumstances where there are two or more beneficiaries that may have different needs and be in different tax brackets.
Alan S. Gassman, J.D., LL.M., is a board-certified estate planning and trust lawyer who practices in Clearwater, Florida. He has an LL.M. in taxation from the University of Florida and practices in trust and estate planning, tax, wealth preservation, and the representation of physicians and medical practices.
Mr. Gassman speaks at many tax conferences, national programs, and national and local webinars, including Bloomberg BNA Tax and Accounting, the Notre Dame Tax and Estate Planning Institute, and at many other conferences and webinars.
Our firm was formed in 1987 with one lawyer and a shared secretary and receptionist to provide representation to professionals, business owners and retirees in their estate and related tax and personal planning, business and corporate needs.
Since then we have grown to 6 lawyers and over 20 staff, which we have found over the past two decades to be the best size for us. We are very proud of our team, our systems, and our dedication to providing the best and most appropriate legal services for all clients, whether big or small. Our lawyers meet together almost every morning to discuss and work together on cases, strategies and practice improvement projects in order to work the most efficiently and effectively for our clients. We like what we do and enjoy working together.