J.K. Lasser's new rules for estate, retirement, and tax planning
Book - 2014
Saved in:
- Subjects
- Published
-
Hoboken, New Jersey :
Wiley
[2014?]-
- Language
- English
- Other Authors
- ,
- Item Description
- Subtitle varies.
- ISBN
- 9781119559139
- Acknowledgments
- Introduction
- 1. Tax Cuts and Jobs Act of 2017
- Ordinary Income Tax Rates
- Capital Gains Tax Rates and Qualified Dividends
- Educational Provisions
- Business and Corporate Tax Relief
- Estate, Gift, and Generation-Skipping Transfers
- Dangers of Relying on Portability
- Limitations on Deductions
- 2. Estate Planning
- What Is Estate Planning?
- The Benefits of Estate Planning
- The Nightmares of Poor Planning
- The Myths of Estate Planning
- Guidelines for Successful Estate Planning
- 3. The Estate Tax System
- Determining Your Estate Net Worth
- Your Estate Tax Picture
- Your Future Estate
- Overview of Estate-Planning Strategies
- 4. Investment Strategies for Maximizing Estate Growth
- Growth Strategy with a Safety Net®
- Prioritizing Your Investment Dollars
- Retirement Planning: Choosing the Best Investment Environments
- Roth Conversions
- Some Final Thoughts on Investing
- 5. Retirement Planning: Living Your Dream
- Your Retirement Requirements
- Best Retirement Strategies
- Reverse Mortgages
- Social Security Strategies
- Customizing Your Health Care Plan
- 6. You Don't Have a Will? Big Trouble!
- Property Transfers at Death
- Transfers via Probate
- Direct Transfers by Title
- Other Methods of Property Ownership
- Choosing the Best Methods of Ownership
- Setting Estate-Planning Goals
- 7. Where There's a Will, There's Your Way!
- What Is a Will?
- Types of Wills
- Advantages and Disadvantages of Wills
- Intelligent Decisions Concerning Your Will's Basic Provisions
- Executing Your Will
- Where to Store Your Will
- Other Important Documents
- Working with Your Attorney
- When to Review Your Estate Plan
- 8. Using Trusts in Your Estate Plan
- The Credit, Shelter Trust Will
- Disclaimers
- Marital Trusts
- Spendthrift Trust
- Standby Trust
- Other Trusts
- 9. Understanding the Living Trust
- Advantages of Living Trusts
- Disadvantages of Living Trusts
- How a Living Trust Operates
- Transferring Property into Your Living Trust
- Types of Property Likely to Be Transferred
- Living Trust Myths
- Transacting Business with Your Trust
- 10. Using Insurance in Your Estate Plan
- Life Insurance
- Using Life Insurance to Replace Income
- How Much Life Insurance Do You Need?
- What Type of Life Insurance Is Best for You?
- Insurance on a Homemaker
- Insurance on Adult Children
- How to Get the Best Deal on Term Life Insurance
- What Type of Life Insurance Is Best for Estate Liquidity?
- The Irrevocable Life Insurance Trust
- Getting Your Life Insurance into Your Trust
- Using Life Insurance to Leverage Your Estate
- About Your Cash Values
- 11. Smart Strategies for Gifting Assets to Family Members
- The Annual Gift Tax Exclusion
- Unintended Gifts
- Filing a Gift Tax Return
- The Lifetime Applicable Exclusion Amount
- Outright Gifts
- When the Donee Is a Minor
- Other Tax-Free Gifts
- Family Gifts Utilizing Trusts
- Grantor Retained Annuity Trust
- Grantor Retained Unitrust
- Qualified Personal Residence Trust
- Taking Advantage of Generation-Skipping Transfers
- Sales to Family Members
- Loans to Family Members
- Sales to Intentionally Defective Grantor Trusts
- The Legacy Trust
- 12. Strategic Planning with Charities
- Outright Gifts to Charities
- Testamentary Gifts to Charities
- Gifts Using Charitable Trusts
- Using Your Charitable Trust for Retirement Planning
- The Private Foundation
- 13. Family Limited Partnerships
- General Structure of the Family Limited Partnership
- Family Limited Partnership Rules
- 14. Succession Planning for the Family Business or Farm
- Special Estate Tax Benefits for Farmers and Closely Held Business Owners
- Valuing Your Business or Farm
- Succession or Sale?
- Succession Planning: Keeping the Family Business in the Family
- Maximizing Your Business's Value through a Sale
- Structuring Your Buy-Sell Agreement
- Types of Buy-Sell Agreements
- Funding the Buy-Sell Agreement
- One Final Strategy-The Employee Stock Ownership Plan
- 15. Assel Protection Strategies
- The Concept of Fraudulent Transfers
- A Word about Jointly Held Property
- Retirement Plans
- Life Insurance
- Using Trusts to Protect Assets
- Using Limited Liability Entities to Protect Assets
- Use of Multiple Limited Liability Entities
- Foreign Asset Protection Trusts
- Domestic Asset Protection Trusts
- 16. Personal Business Planning Issues
- Choosing the Right Entity for Your Business
- Closing Thoughts
- Importance of a Business Plan
- Epilogue-Dealing with Parents and Their Money
- Appendix A. Professional Advisers
- Appendix B. Estate Planning Terms
- Appendix C. IRS Life Expectancy Table
- About The Authors
- Index