4:02 pm Uncategorized

Depressed stock, real estate and business values combined with historically low interest rates actually create uncommon planning opportunities. These opportunities exist not just for the wealthy looking to avoid Federal estate tax, but also for those less affluent who are looking to avoid State estate tax, not to mention allthose who need to plan for non-tax reasons, regardless of their net worth.

If you missed it, a recent Wall Street Journal article highlighted some of the strategies you should be implementing now, even though their net worth may have taken a beating recently. Titled Why Now Is the Time to Help Your Heirs, this article is available online at http://online.wsj.com/article/SB122400989605833233.html. It discusses:

·Use of the annual gift tax exclusion (which is going up to $13,000 on January 1, 2009)

·Family Loans

·Intentional Grantor Trusts

·Grantor Retained Annuity Trusts (GRATs), and

·Charitable Lead Annuity Trusts (CLATs)

We can help you implement each of these strategies – efficiently and with confidence.

Contact us today and let our Newport Beach law firm help you with all your financial planning needs.

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