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Basic Estate Planning Determine if Your  Estate Plan is in Order By:   Roccy DeFrancesco, JD, CWPP, CAPP, MMB Founder:  The Wealth Preservation Institute Co-Founder:  The Asset Protection Society
The 5 Basic Estate Planning Tools ,[object Object],[object Object],[object Object],[object Object],[object Object]
Estate Planning Survey* ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Being young is not excuse to procrastinate ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Wills ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Durable Powers of Attorney (DPA) ,[object Object],[object Object]
Types of DPAs ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
A&B, Marital, or Living Trusts ,[object Object],[object Object],[object Object],[object Object],[object Object]
Benefits of revocable Trusts ,[object Object],[object Object],[object Object],[object Object],[object Object]
Continued ,[object Object],Exemptions and Maximum Tax Rates Year Estate Tax Exemption Highest Rate 2008 $2 million 45% 2009 $3.5 million 45% 2010 N/A (taxes eliminated) 0% 2011 $1 million 55%
Example part 1 ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Example part 2 ,[object Object],[object Object],[object Object],[object Object],[object Object]
Irrevocable Life Insurance Trusts (ILIT) ,[object Object],[object Object],[object Object],[object Object],[object Object]
Continued ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Tax Free Benefits ,[object Object],[object Object],[object Object],[object Object]
Practical use of an ILIT ,[object Object],[object Object],[object Object],[object Object],[object Object]
Dynasty Trusts ,[object Object],[object Object],[object Object],[object Object],[object Object]
Family Limited Partnerships (FLPs) ,[object Object],[object Object],[object Object],[object Object]
FLP Overview ,[object Object],[object Object],[object Object],[object Object]
FLP Partnership Categories ,[object Object],[object Object],[object Object],[object Object],[object Object]
Typical FLP Planning ,[object Object],[object Object],[object Object],[object Object],[object Object]
Typical FLP Gifting ,[object Object],[object Object],[object Object],[object Object]
Example ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Keeping it in the family ,[object Object],[object Object],[object Object],[object Object]
Summary on Basic Estate Planning ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

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Basic ep

  • 1. Basic Estate Planning Determine if Your Estate Plan is in Order By: Roccy DeFrancesco, JD, CWPP, CAPP, MMB Founder: The Wealth Preservation Institute Co-Founder: The Asset Protection Society
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