(0) items in cart
total: $ 0.00
 

You're currently on:

Estate Planning

Items 41 to 50 of 99 total Page:
  1. Previous
  2. 3
  3. 4
  4. 5
  5. 6
  6. 7
  7. Next
Show per page
Sort by Set Descending Direction
GRAT (Grantor Retained Annuity Trust) (32 Pages)
$ 99.00

The GRAT remains a viable tax planning technique after the 2017 Tax Cuts and Jobs Act. Interest rates remain very low in 2019, keeping the GRAT calculation highly favorable. Planners should at least consider the “political risk” of changes in the law following the next national election. This suggests considering setting up a GRAT while it is still permitted, since proposals already being circulated by some candidates would limit or eliminate the GRAT opportunity.

GRIT (Grantor Retained Income Trust) (8 Pages)
$ 69.00

This is a Form of a Grantor Retained Interest Trust (GRIT). It is designed to be in compliance with the rules of Code Section 2702 and the Regulations thereunder. Code Section 2702 provides that a GRIT may not be used for the benefit of “members of the Grantor’s family” as defined in that Section. Accordingly, a GRIT is used for the benefit of persons outside the definition of family members. A GRIT allows the trust Grantor to receive all or as much of the trust income as desired annually for a fixed term. 

GRUT (Grantor Retained Unitrust) (8 Pages)
$ 69.00

This is a Form of a Grantor Retained Unitrust (GRUT). It is designed to be in compliance with the rules of Code Section 2702 and the Regulations thereunder. A GRUT allows the trust Grantor to receive an annually adjusted payment from the trust, based on the fixed percentage determined at the outset of the trust applied to the annually determined fair market value of the trust assets. This is to be distinguished from the Grantor Retained Annuity Trust (GRAT) which provides for a fixed payment to the Grantor from the commencement of the term. 

Healthcare Directive (4 Pages)
$ 19.00

This Form is a Health Care Directive to be signed by a person who does not want “heroic” measures taken to protect life where there is no quality of life remaining. The Form also appoints a person (along with a successor) to act on behalf of the signatory and represent the signatory’s interests with the health care community.

Incentive Trust Provision (2 Pages)
$ 39.00

This is an Incentive Trust Provision. It is used in wills or trusts to create a specific reason for a distribution (or an additional distribution) for a beneficiary who reaches certain milestones. The milestones may be drafted either as a reward for positive action or as an incentive to avoid negative behavior.

Intentionally Defective Grantor Trust Forms: Intentionally Defective Grantor Trust (7 Pages), Installment Sale To Trust (3 Pages), Promissory Note For Sale To Defective Grantor Trust (2 Pages)
$ 99.00

An important note from the author, Steve Siegel: "Tax and estate planning are alive and well after the 2017 Tax Cuts and Jobs Act. Don’t be lulled into inaction by the new enhanced exclusion – the 2017 law sunsets after eight years, and with political risk, change could come sooner. We have an excellent window of opportunity to utilize all of the planning techniques that remain viable.

One of the most outstanding is the intentionally defective grantor trust (“IDGT”). The IDGT gives the taxpayer the opportunity to create a trust for loved ones and freeze the value of appreciating assets (business, real estate, etc.) by a non-taxable sale to the IDGT, “squeeze” that value with appropriate valuation discounts, and burn off personal assets as the trust grantor responsible to pay all the income tax on income being received by family members. Another key feature of the IDGT is the opportunity to control the basis of the trust property. By using the power of substitution, the trust grantor can replace the initial property basis with higher basis property, then hold the reacquired low basis asset until death, allowing a stepped-up basis to heirs – never having had to pay income tax on substantial appreciation."

Intentionally Defective Grantor Trust
This a form of an Intentionally Defective Grantor Trust. The grantor retains an administrative power over the Trust (here, the power of substitution) (See Article 11) that leaves the grantor taxable on the trust income. This administrative power is not; however, a sufficient retained interest to require the trust property to be included in the grantor’s estate. The intent here is to enable the grantor to pay all of the income tax liability arising from the trust while allowing the actual trust income to be accumulated for or paid to the trust beneficiaries without income or gift tax consequences to them. (See Rev. Rul. 2004-64).

Installment Sale To Trust
This is a Form of installment sale agreement between the grantor of an intentionally defective grantor trust (Form A) as the seller, and the defective trust as the purchaser. The concept of this transaction is to enable the grantor to sell an appreciating asset to the trust in exchange for a Promissory Note (Form C), which sale will have the effect of freezing the value of the property being sold at its current fair market value, represented by the principal amount of the Note.

Promissory Note For Sale To Defective Grantor Trust

This is a form of Promissory Note that may be used in conjunction with an installment sale (Form B) to an intentionally defective grantor trust (Form A). The interest rate selected should be the appropriate rate based on the duration of the Note published by the IRS for the month of the sale.

Inter Vivos QTIP Trust (10 Pages)
$ 49.00
This is an irrevocable trust created by one spouse while alive for the lifetime benefit of the other spouse. It may be referred to as an Inter Vivos QTIP Trust. The trust is designed to obtain the benefit of the gift tax marital deduction upon its creation. The trust meets the statutory QTIP requirement of providing income for the life of the beneficiary spouse payable at least annually. The trust also gives the trustee discretion to pay the beneficiary spouse principal for health, support and maintenance.
Irrevocable Life Insurance Trust With Crummey Powers And Sample Crummey Letter (31 Pages)
$ 59.00
This is an irrevocable trust created by a grantor and funded (primarily or exclusively) by life insurance policies. The trust will be the owner and beneficiary of the life insurance policies. The intent of this trust is to remove life insurance policies from the grantor’s taxable estate if the grantor lives three years after transferring the policies to the trust – unless the trust owns the policies from their inception, in which case there is no issue with the three year look-back rule. This trust is for the primary benefit of the grantor’s spouse for life, with the remainder payable to the grantor’s children. 

Also included is "A Sample Notice Of Crummey Withdrawal Rights" for the trustee to send to the Crummey beneficiaries whenever a contribution is made to the trust.

 
Irrevocable Lifetime Trust For A Beneficiary (15 Pages)
$ 49.00

This is a Form of an irrevocable trust. It is intended to continue for the lifetime of the Beneficiary. At the death of the Beneficiary, the remaining trust property passes outright to the descendants of the Beneficiary, unless they are minors or legally incompetent, in which case the provision of paragraph 4 apply.  

Irrevocable Lifetime Trust With General And Specific Power Of Appointment (15 Pages)
$ 59.00

This is a Form of an irrevocable trust. It is intended to continue for the lifetime of the Beneficiary. The Beneficiary is given a lifetime general power of appointment to appoint the property to the Beneficiary’s Estate, and a special power to appoint the property to the Beneficiary’s child. In default of the Beneficiary’s exercise of this power, the remaining trust property passes outright to the child of the Beneficiary, unless a minor or legally incompetent, in which case the provision of paragraph 4 apply. The trustees are permitted to distribute income and principal to the Beneficiary at any time in accordance with an ascertainable standard – for health, education, maintenance and support. Liberal application of this standard could result in having the entire trust property distributed to the Beneficiary during lifetime, leaving no remainder for descendants.

Items 41 to 50 of 99 total Page:
  1. Previous
  2. 3
  3. 4
  4. 5
  5. 6
  6. 7
  7. Next
Show per page
Sort by Set Descending Direction
 

 

 

Request A Form

Can't find the form you need?
Please email help@nlfforms.com with detailed information about the form you require.
You will receive a timely response.
 

ONLINE CLE COURSES

Many states permit CLE credits to be earned by study of online courses. To see our many online CLE courses, go to : www.nlfonline.com

Recorded Audio/Video
CLE Courses

Many states permit CLE credits to be earned by study of audio CDs and DVDs. To see our recorded CLE courses, go to : www.nlfcle.com.
 
Payment Processing