Estate and Wealth Transfers 8-- Deferring or shifting estate tax liability Flashcards
1
Q
Describe the strategies to reduce tax liability using inter-vivos gifts
A
UTMA
Living rust
Crummey Trust
2
Q
Describe the strategies to reduce tax liability using gifts of future appreciation.
A
Ordinary installment sales;
* Self-cancelling installment notes (SCINs);
* Private annuities;
* Interest-free loans; and
* Loan guarantees
3
Q
Describe the strategies to reduce tax liability using gifts made at death
A
4
Q
Explain the role trusts play in reducing or shifting estate tax liability.
A
