Cristin C. Lambros, LLC

  • Phone: 410-825-8550
  • Fax: 410-825-8554
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  • 8415 Bellona Lane Towson, MD 21204 Baltimore County View Map
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Areas of Practice
  • Estate Planning
  • Wills
  • Estate Administration
  • Trust Administration
  • Estate and Gift Taxation
 
Estate Planning Concepts

    1. Use both spouses' Applicable Exclusions ($5,000,000)
      1. Credit Shelter Trust (or outright gift to children)
      2. Equalize estates of both spouses - asset titling, beneficiary designations
    2. Leveraging - impose transfer taxes on assets at lower value during life than at death
      1. Insurance trust (or children own insurance)
      2. Lifetime gifts of assets likely to appreciate (Silicon Valley stock)
    3. Make gifts outside transfer tax system - annual exclusion gifts; tuition payments
      1. Outright to children
      2. Grandchildren's trusts
    4. Avoid assets being subject to estate tax in successive generations
      1. 3 trust plan under will
      2. $5,000,000 trust under will
    5. Take advantage of lower marginal rates - no marital deduction bequest
    6. Valuation of assets subject to tax - discount value (fractional interests)
    7. Advanced leveraging techniques - subtraction method (impose transfer taxes on asset value after subtracting value of retained interest)
      1. Qualified Personal Residence Trust - subtract value of retained right to use property for term of years
      2. Grantor Retained Annuity Trust - subtract value of retained right to annual fixed dollar payout for term of years
      3. Charitable Lead Unitrust - subtract value of charity's right to annual fixed percent of assets payout for term of years
    8. Tax inclusion versus exclusion - inter vivos gifts and pay gift tax (survive 3 years)
 
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