How Wealthy People Structure Estates to Reduce Taxes

Secret methods using Living Trusts the wealthy use to reduce taxes revealed by expert estate planning attorney in California 👉 Book a Call at www.cunninghamlegal.com/book-... for estate planning, tax planning, and wealth management tips.
How do wealthy people use tried-and-true estate planning techniques to reduce death taxes, capital gains taxes, gift taxes, and preserve Prop 13 tax caps on California real estate? Join Attorney Jim Cunningham, bestselling author of “Savvy Estate Planning,” as he walks you through three in-depth case studies. You will gain valuable insight into the sophisticated, “advanced planning techniques” that have been too long hidden from view by the top lawyers in the field! Don’t miss this legal webinar.
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[@JL-xg7xb]

I’m buying your book. Thank you for the video

[@CunninghamLegal]

Awesome! Thank you!

[@DeniseMiura]

Truly appreciate your videos, Jim. I understand the advantages of IDGTs. The major disadvantage I think is, a highly appreciating asset (such as real property) will NOT get a step up in basis upon thr grantor's death, since IDGT assets get to be excluded from grantor's estate. So the beneficiary are kinda screwed, in terms of inheriting a presumably much lower basis which means much higher potential capital gains, much lower potential depreciation expense if rented, to say nothing of significantly higher property taxes due to Prop 19. Is the ANY way out of this??

[@CunninghamLegal]

Sometimes. If the grantor of the IDGT retains the power swap property of equal value then it may be possible to mitigate this downside. When the grantor retains a “swap power” it’s usually best to have an Independent Trustee serve as trustee. Hope this helps! You can always contact our office at www.cunninghamlegal.com/california-law-offices/contact/ or 866.988.3956

[@jimmywatermelon357]

Great Video, Can you do a video on "Non-Grantor Irrevocable Complex Discretionary Spendthrift Trusts" Does your firm form and maintain these types of structures?

[@CunninghamLegal]

Hi Jimmy, yes our firm does this. You can read more on our Asset Protection planning page here: www.cunninghamlegal.com/california-legal-services/asset-protection/ or give our office a call to set up an appointment at 866.988.3956.