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CEPA > Section 6: Advanced estate planning concepts > Flashcards

Section 6: Advanced estate planning concepts Flashcards

1
Q

ILIT

A

Irrevocable Life Insurance Trust

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2
Q

IDGT

A

Intentionally Defective Grantor Trust

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3
Q

GRAT

A

Grantor Retained Annuity Trust

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4
Q

QPRT

A

Qualified Personal Residence Trust

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5
Q

CRT

A

Charitable Remainder Trust

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6
Q

FLP

A

Family Limited Partnership

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7
Q

Succession: Six Critical Factors

A 
Assets
Taxes
Protection
Children
Voting control
Spouse's income
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CEPA (18 decks)

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