Estate Planning – Decision Tools

[accordions] Decision Tools
[accordion title=”Business planning”]
Business life insurance needs
Business succession planning alternatives
Choosing a business entity
How cross purchase plans work
How entity purchase plans work
Number of policies needed with a cross purchase plan
Planning for succession of a business interest
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[accordion title=”Charitable giving”]
How a charitable lead trust works
How a charitable remainder trust works
The best property to give to charity
[/accordion]
[accordion title=”Estate planning basics”]
Common incapacity documents
Estate shrinkage
Federal estate tax estimator
Federal transfer tax exemption amounts under the Tax Act of 2001
Steps to estate planning success
Table of federal estate tax brackets and exemption limits
[/accordion]
[accordion title=”Life insurance”]
Life insurance needs analyzer
[/accordion]
[accordion title=”Probate”]
The probate process: 3 to 9 months after death
The probate process: 9 to 12 months after death
The probate process: initial tasks
Types of post-mortem elections
[/accordion]
[accordion title=”Trusts”]
Advantages of trusts
How a grantor retained income trust (GRIT) works
How an irrevocable life insurance trust (ILIT) works
How an irrevocable trust protects assets
[/accordion]
[/accordions]