Periodic Table of Estate Planning Elements
Wealth Planning Professionals recently published the Periodic Table of Estate Planning Elements on its website. The table and a brief description of the table are below:
|
Charitable Remainder Uni-Trust |
Charitable Remainder Annuity Trust |
LLC/CRTs |
Rent to Own |
Grantor Retained Annuity Trust |
ILIT |
Offshore Captive Planning |
|
Gift Annuity |
Frozen TCLAT |
Life Settlements |
Sale for Installment Note |
Family LP and LLC |
QPRTs |
|
|
Charitable Life Estate |
NIMCRUT |
Long Term Care Insurance |
Pet Trusts |
Gifting |
Asset Protection |
Leveraged Roth Conversion |
|
Private Foundations |
FLIPCRUT |
Art and Collectibles Planning |
Family Bank |
Annuity Withdrawal |
Intra Family Loans |
ESOP Planning |
|
Family Charity Plan |
CLUT |
Revocable Living Trusts, DPAs |
Crummey Powers |
Dynasty Trust |
Corporate Recapitalization |
412(i) |
|
Supporting Organizations |
CLAT |
Preferred LPs |
Jurisdictional Trusts |
Premium Finance |
SCIN |
IRA Maximizer |
|
Bargain Sales |
Donor Advised Funds |
Life Insurance |
Succession Planning |
Buy-Sell Agreements |
GDOT |
Qualified Plan Limited Partnership |
Charitable Planning Tools Personal Planning Tools Qualified Planning Tools
The Periodic Table of Estate Planning Elements™ can be used in a number of different ways. With a prospect or client We use the periodic table in initial client meetings in order to help clients understand that there are a number of different techniques, tools and strategies that could be used to help them accomplish their goals. This is always somewhat of an education for clients who are only used to being exposed to revocable living trusts and irrevocable life insurance trusts. In many cases clients have told us that they did not realize that there were other opportunities available to them.
Special thanks to Jim Hillhouse (WealthCounsel) for bringing this to my attention.