Designing and Administering Estate Plans to Minimize Income Tax
To the extent our estate planning clients care anymore about planning to reduce taxes to be borne by their survivors, it's all about income tax. Specifically, it's about avoiding the compressed income tax brackets and high income tax rates of estates and trusts and achieving a basis step-up for as many assets, and as frequently as possible.
During this program, we will look at:
- Refined uses of the Clayton QTIP structure
- Making distributions of ordinary income and capital gain to carry out DNI
- Ways to dodge the net investment income tax
- Using powers of appointment and other strategies to accomplish basis step-up