An Overview of Asset Transfer Strategies

RELATED CONTENT

Gifting Appreciated Stock—Know the Rules

Giving away appreciated stock is one way to get it out of a client's taxable estate. But clients need to follow the rules.

3 Advanced Strategies for Keeping Assets in the Family

Three specific tools—family limited partnerships, private annuities, and qualified personal residence trusts—can facilitate the transfer of assets to a client's children.

Sidestep Gift Tax With Grantor Trusts

Affluent taxpayers have long used intentionally defective grantor trusts (IDGTs) to remove assets from potentially taxable estates. However, there was always the potential that grantors could be running afoul of the gift tax. A recent IRS ruling clarified the gift and estate tax implications, which could lead to renewed interest in these wealth-transfer instruments. Get up to speed on IDGTs and how they could benefit your client.

Transferring Assets With Tax-Efficient Trusts

If your client wants to transfer home ownership to one child, pass along valuable artwork to all children, or create a tax-advantaged annuity for himself, he may want to consider using a grantor-retained interest trust. Here are several kinds of GRITs and how they work.