In this session, Alan Gassman, JD, LLM will cover these key topics:
- Revocable vs. irrevocable trusts: benefits and trade-offs.
- Trust structures for specific goals:
- Dynasty trusts for multigenerational wealth preservation.
- QTIP (Qualified Terminable Interest Property) trusts for blended families.
- Asset protection trusts for shielding wealth from creditors.
- Tax-saving trusts
- Bypass trusts to optimize the use of estate tax exemptions.
- Charitable trusts for philanthropic goals and tax benefits.
- Integrating life insurance within trust structures
- Funding ILITs for estate tax liquidity.
- Using survivorship life insurance for second-to-die strategies.