Chapter One: Overview Of The Problem

      A. Uncertainty Reigns

      B. Historical Perspective

      C. More Uncertainty – What About The Income Tax?

Chapter Two: Will And Trust Planning Considerations

      A. Rule Number One: Play The Cards You’re Dealt

      B. Rule Number Two: Remember Why The Client Needs A Plan

      C. Rule Number Three: Pay Attention to What the Client Has Already Done

      D. Rule Number Four: It’s All About Flexibility

      E. Seeking Flexibility – Holding Title to Assets

      F. Seeking Flexibility – The Disclaimer Trust Solution

      G. Seeking Flexibility – The Contingent QTIP Trust Solution

      H. Seeking Flexibility – The Joint Revocable Trust Solution

      I. Seeking Flexibility – The “Poorer Spouse Funding Technique”

      J. Seeking Flexibility – Consider Broad Fiduciary Discretion

                and Limited Powers of Appointment

Chapter Three: Just When You Thought It Was Safe … Here Come The States!

      A. What The Clients Think; What The States Have Done

      B. Planning Techniques To Avoid Payment Of State Death Taxes

            1. Live In A State With No State Estate Tax

            2. Confine The Credit Shelter Amount To The State’s Exempt Amount

            3. Consider A QTIP Election “Straddle”

            4. Utilize An Aggressive Lifetime Gift Program.

            5. Consider An Irrevocable Life Insurance Trust

            6. Forum Shopping

            7. Bottom Line: Is All The Effort Worthwhile?

Chapter Four: To Gift – Or Not To Gift

      A. Review Of The Ground Rules

      B. Gifting Decisions – Let The Games Begin

      C. Charitable Giving: Generosity Put To The Test.

Chapter Five: When Gifting Isn’t Enough – Are Advanced Planning Techniques

      Still Viable?

      A. Was Gifting Able To Get The Planning Job Done?

      B. Consider A Variety Of Estate Freezing Transactions

      C. Estate Freezing Transactions: Installment Sales

      D Estate Freezing Transactions: The Self-Canceling Installment Note (SCIN)

      E. Estate Freezing Transactions: Sale To An Intentionally

            Defective Grantor Trust

F. Estate Freezing Transactions: The Private Annuity

G. Transferring Wealth With No Gift Tax Cost: Using Grantor Retained Interest Trusts

H. Leveraging The Transfer Of A Personal Residence By Using A Qualified Personal

      Residence Trust

Chapter Six: Is Life Insurance Still Important In Estate Planning?.

      A. Traditional Values

      B. Tax Planning Issues

Chapter Seven: Conclusions: What Do We Tell The Clients

      A. Acknowledge We Don’t Have All The Answers

      B. Be Wary of Formulas In Planning Documents

      C. Small, Medium or Large

      D. Open Your Post-Mortem Repair Shop

APPENDIX MATERIALS

Appendix 1: Form Of Disclaimer Will; Trust Provision For Spouse And Children

Appendix 2: Clayton Clause

Appendix 3: SCIN: Purchase Agreement And Promissory Note

Appendix 4: Private Annuity Agreement

Appendix 5: Sample Grantor Retained Annuity Trust

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