Chapter 25: Estate and Gift Tax Planning for Owners and Individuals

In this section

• Estate vs. Gift Tax Systems and the Unified Credit
  Explore the dynamic relationship between estate and gift tax systems, annual exclusions, and portability of the unified credit, with practical examples and best practices.
• Lifetime Gifting Strategies; Valuation Discounts
  Explore family limited partnerships, valuation discounts, and philanthropic giving in lifetime gift tax planning, leveraging strategies to reduce tax burdens and transfer wealth efficiently.
• Marital Deductions, QTIP Trusts, and GST Considerations
  Explore how spousal bequests and generation-skipping transfers can strategically minimize estate taxes, with practical insights on QTIP trusts and GST considerations.
• Charitable Giving and Philanthropic Strategies
  Discover strategies for tax-efficient charitable giving including the use of charitable remainder trusts (CRTs) and donor-advised funds to maximize both philanthropic impact and personal financial benefits.