• Skip to main content
  • Skip to primary sidebar
  • Skip to footer
Law Office of Jennifer N.K. Venable

Law Office of Jennifer N.K. Venable

Estate Law

951-380-0430
  • Home
  • Who We Are
    • About Our Firm
    • Attorney and Staff Profiles
  • How We Help
    • Business Owners & Asset Protection
    • Incapacity Planning & Caregiver Support
    • IRA Inheritance Planning
    • Estate and Gift Tax Figures
    • Medi-Cal & Elder Law Planning
      • Are You A Caregiver?
      • Coping With Alzheimer’s
      • Emergency Medi-Cal & Nursing Home Planning
      • Guardianship & Conservatorship
      • Hospice Care
      • Veteran’s Benefits
    • Minor Children & Young Adult Planning
    • Outdated Estate Planning Documents
    • Pet Planning
    • Powers of Attorney, Healthcare & Emergency Documents
    • Probate
    • Remarriage & Blended Families Protection
    • Special Needs Planning
    • Trust Administration
    • Wills and Trusts
  • Workshops
  • Resources
    • DocuBank
    • Estate Planning Resources
      • Estate Planning Checkup
      • Estate Planning Definitions
      • Estate Planning Reports
      • Incapacity Planning Definitions
      • Is Your Estate Plan Outdated?
    • Frequently Asked Questions
      • Estate Planning FAQs
      • Incapacity Planning FAQs
      • LGBTQ Estate Planning FAQs
      • Trust Administration & Probate FAQs
    • LGBTQ Resources
    • Newsletters
    • Special Needs Resources
    • Trust Administration & Probate Resources
      • Bereavement Resources
      • How to Know if You Need Extra Help With Your Grieving
      • Loss of a Loved One
      • The Mourner’s Bill of Rights
      • Trust Administration & Probate Definitions
      • Things You Need To Do When a Loved One Passes Away With a Trust
      • Things You Need To Do When a Loved One Passes Away With a Will
  • Blog
  • Contact
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

Download Our 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.

Search

Address

Law Office of Jennifer N.K. Venable
26690 Madison Ave Ste 105
Murrieta, CA 92562
Phone: 951-380-0430

Business Hours

Monday9:00 AM - 5:00 PM
Tuesday9:00 AM - 5:00 PM
Wednesday9:00 AM - 5:00 PM
Thursday9:00 AM - 5:00 PM
Friday9:00 AM - 5:00 PM

By appointment only

Footer

  • Facebook
  • LinkedIn
footer-logo

© 2023 American Academy of Estate Planning Attorneys, Inc. Privacy Policy | Disclaimer