• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer
  • Home
  • Our Firm
    • About Our Firm
    • Attorney and staff profile
  • Services
    • Asset Protection & Business Planning
    • Estate and Gift Tax Figures
    • Estate Planning Services
    • Farm or Family Business Planning
    • Incapacity Planning Services
    • Legacy Planning Services
    • Pet Planning Services
    • Retirement Planning
    • SECURE Act
    • Trust Administration and Probate
  • Resources
    • Client Resources
      • BLOG
      • DocuBank
      • Estate Planning Articles
      • Is Your Estate Plan Outdated?
      • Newsletters
    • Community Resources
    • Elder Law Reports
    • Frequently asked questions
      • Estate Planning FAQ’s
      • Frequently Asked Questions for Families Without an Estate Plan
      • Legacy Wealth Planning FAQ’s
      • LGBTQ Estate Planning Frequently Asked Questions
      • Trust Administration & Probate Frequently Asked Questions
    • Professional Resources
    • Reports
      • Advanced Estate Planning
      • Basic Estate Planning
      • Estate Planning for Niches
      • Trust Administration
  • Contact Us
  • BLOG

Pearson Butler Attorneys at Law

South Jordan Utah Estate Planning Attorneys

Connect with us today(801) 988-5877

Estate Planning & Asset-Protection Planning
Home / Services / South Jordan Estate Planning Services / Top 10 Estate Planning Techniques

Top 10 Estate Planning Techniques

  1. Revocable Living Trust: A device used to avoid probate and provide management of your property, both during life and after death.
  2. Property Power of Attorney: Instrument used to allow an agent you name to manage your property.
  3. Health Care Power of Attorney: Instrument used to allow a person you name to make health care decisions for you should you become incapacitated.
  4. Annual Gift Tax Exclusion: Technique to allow gifts without the imposition of estate or gift taxes and without using lifetime exclusion.
  5. Irrevocable Life Insurance Trust: A trust used to prevent estate taxes on insurance proceeds received at the death of an insured.
  6. Family Limited Partnership: An entity used to:
    1. Provide asset protection for partnership property from the creditors of a partner
    2. Provide protection for limited partners from creditors
    3. Enable gifts to children and parents maintaining management control
    4. Reduce transfer tax value of property.
  7. Children’s or Grandchildren’s Irrevocable Education Trust: A trust used by parents and grandparents for a child’s or grandchild’s education.
  8. Charitable Remainder Interest Trust: A trust whereby donors transfer property to a charitable trust and retain an income stream from the property transferred. The donor receives a charitable contribution income tax deduction, and avoids a capital gains tax on transferred property.
  9. Fractional Interest Gift: Allows a donor to transfer partial interests in real property to donees and obtain fractional interest discounts for estate and gift tax purposes.
  10. Private Foundation: An entity used by higher-wealth families to receive charitable income, gift, or estate tax deduction while allowing the family to retain some control over the assets in the foundation.

Primary Sidebar

FREE ESTATE PLANNING WORKSHEET

There's a lot that goes into setting up a comprehensive estate plan, but with our FREE worksheet, you'll be one step closer to getting yourself and your family on the path to a secure and happy future.
  • This field is for validation purposes and should be left unchanged.

Follow Us

  • Facebook
  • Twitter
  • Linkdin
  • Rss

Where We Are

SOUTH JORDAN
1802 South Jordan Parkway
Suite 200,
South Jordan, UT 84095
Phone: 801-988-5877

See Larger Map Get Directions

Office Hours

Monday8:30 AM - 6:00 PM
Tuesday8:30 AM - 6:00 PM
Wednesday8:30 AM - 6:00 PM
Thursday8:30 AM - 6:00 PM
Friday8:30 AM - 6:00 PM

Map

map for Pearson Butler Attorneys at Law office

Footer

  • Firm News
  • Speaker Connection
  • Advantages of Working With Our Firm
  • About The American Academy
  • Disclaimer
  • Privacy Policy
  • Sitemap
  • Contact Us

Connect with Us

  • Facebook
  • Twitter
  • Linkdin
  • Rss
footer-logo

Attorney Advertisement

© 2021 American Academy of Estate Planning Attorneys, Inc.