Other estate planning tools

There are many other estate planning tools that can be used for your estate. The need for these tools depends on a variety of factors but the biggest factors are often wealth and estate taxes.

Below are just a few of the many options an attorney might present when addressing your estate planning needs.

  • Charitbale Remainder Trusts
  • Charitable Remainder Annuity Trusts (CRAT)
  • Charitable Remainder Unitrust
  • Credit Shelter Trusts
  • Crummy Trusts
  • Family Limited Partnerships (FLPs)
  • Generation Skipping Trusts
  • Irrevocable Life Insurance Trusts (ILIT)
  • Qualified Personal Residence Trusts (QPRT)

    Make sure you understand fully the options presented to you. With many irrevocable trusts, the person creating the trust is often unable to manage the assets without restrictions.

    Do not be afraid to consult other estate planning attorneys along with other professionals you work with, including your accountant, financial advisor and insurance agent. While some of these professionals can not give legal advice, they may be aware of other variables missed in your initial consultation with an estate planning attorney or present other options.



    		•
    Estate Director for Living Trusts and Wills
    Copyright 2010
    Important: Please consult with a legal professional before undertaking any actions. The information in this web site is provided with the understanding that the publisher is not engaged in rendering legal, tax or investment advice. While every attempt has been made to provide current and accurate information, neither the author nor the publisher can be held accountable for any errors or omissions. You agree not to hold any employee of this www.florida-living-trust.com liable for action you take from the information on www.florida-living-trust.com. Serving all of Florida FL: Jacksonville, Miami, Tampa, St. Petersburg, Hialeah, Orlando and Tallahassee