Chapter 7: Transferring the Wealth

In this section

• Lifetime Gifts and Intergenerational Transfers
  Explore strategies for tax-efficient wealth transfers through lifetime gifts, examine estate-freeze techniques, and learn how to ensure smooth intergenerational transitions.
• Bequests and Inheritances
  Comprehensive discussion of how bequests and inheritances fit into estate planning strategies, examining legal structures, tax implications, and administrative processes for successful wealth transfer.
• Philanthropy and Charitable Giving Approaches
  Learn about key motivations for philanthropy, various charitable vehicles, timing and methods of donations, and how to measure and sustain philanthropic impact.
• Trust Structures and Estate Planning Strategies
  Explore the foundational roles of trusts in wealth transfers, from revocable and irrevocable structures to GST planning and asset protection. This comprehensive guide covers trustee selection, common pitfalls, and how these strategies integrate into broader estate plans.
• Family Governance and Legacy Preservation
  Discover how families can establish robust governance structures, constitutions, and conflict-resolution processes to secure both financial and intangible legacies across generations.
• Structuring Charitable Foundations and Donor‐Advised Funds
  Explore the establishment and optimization of private foundations and donor-advised funds, covering governance, tax considerations, and strategic philanthropic choices.
• Financial Education for Future Generations and Beneficiaries
  Empower heirs with tailored financial literacy and practical wealth management skills, ensuring responsible stewardship and harmonious family dynamics.