Features
Family Incentive Trusts
Dynamic New Approach Employing Trust Distributions to Communicate
Family Values and to Promote Productivity and Performance in Beneficiaries
James E. McNair, Gregory J. Rupert, and Cynthia L. Gausvik
Planning Your Finances During All Stages of Life
Newell W. Anderson Jr.
Using the Power of Currency to Add Return
As attractive investing opportunities outside the U.S. markets increase, currency takes on greater importance. Rigorously managed, currency can be an ally, enhancing returns.
Mary Ann Best
Community Property Planning Techniques For Professionals Inn Non-Community Property States
David W. Reinecke
Retaining and planning for the community property interest of the client who migrates to a common law state will normally result in considerable advantages for the estate. Recognizing the community property issue is the critical first step to effective planning in this regard. Employing sophisticated estate planning techniques for community property interests requires detailed knowledge of the particular state’s regime and experience in planning within it. This outline provides some basic information.
I. Summary & Introduction
II. Community And Marital Property Law: The Basics
A. Fundamental Principles
B. Classification Of Community Or Marital Property
C. Powers Dependent Upon Classification
III. The Effect Of Migration From A Community Property State To A Common Law State On A Married Couple's Ownership Interests
A. Introduction
B. General Effect Of Migration On Community Property Interests
C. Uniform Probate Code (UPC) States
D. Uniform Disposition Of Community Property Rights At Death Act (UDCP RDA)
IV. Advantages Of Recognizing And Preserving Imported Community Property
A. Federal Income Tax Advantages
B. Federal Estate And Gift Tax Advantages
C. Fairness
D. Gifting
V. Estate Planning Techniques For Imported Community Property
A. Consultation With Community Property Attorneys
B. Retaining Community Property Character Of Assets
C. The Joint Revocable Trust: An Estate Planning Technique Particularly Useful For Community Property
D. Special Issues Relating To Irrevocable Trusts
VI. Ethical Issues In The Representation Of Migrant Clients From Community Property States
VII. Conclusion
Appendix A
Appendix B
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