High Net Worth Estate Planning Secrets Exposed for Success
Real-World Examples and Case Studies
Consider the case of a high net worth individual who leveraged a family limited partnership (FLP) to transfer assets to heirs at a reduced tax rate. By gifting partnership interests, the individual was able to take advantage of valuation discounts, reducing the overall taxable estate3.
Another example involves a couple establishing a charitable remainder trust (CRT), which allowed them to receive income during their lifetime while reducing estate taxes and benefiting a chosen charity4.