Family Private Trust Company Counselors

Sure, your attorney knows that you can legally avoid estate taxes by transferring your assets to an irrevocable trust. However he does not know that:

 1. Your corporation can control and operate the trust as trustee and

2.  That you also can be a beneficiary (along with your family).   

Case Study 

Parents own a business along with real estate use by the business.  Their attorney sees the financial crisis as an "estate freeze" opportunity.  Parents are scared of another depression; they are also concerned about inflation.  

They form a trust company.   They create an irrevocable discretionary trust naming their trust company as trustee.

The Trust is started with a gift of non voting stock of a family business.

The Parents sale the property to the trust, receiving a 20 year promissory note as payment.

Case Study- cont. 

The real estate is out of the estate. 

Upon the last to die of the Parents, the unpaid promissory note will be part of the spouse's estate at its discounted value (the value that an unrelated buyer would pay for a non-recourse note).

To completely avoid estate tax, the client can obtain a ruling and a calculation by the IRS of a self-canceling installment note.

There is more.. click here to see how you can protect your home from creditors and save estate taxes.

Tax Court approves the perfect estate freeze with a SMLLC  at this link.