Explain the estate planning objectives

Assignment Help Business Management
Reference no: EM133175005

Mark, age 60 recently sold his business for $2 Million. For estate planning purposes, he transferred $500,000 of the cash proceeds into a discretionary family trust, with his wife and adult children as beneficiaries. What estate planning objectives does the use of this trust achieve?

1. Tax deferral on capital gains to date

2. Avoids the need to execute a POA

3. Protection for his children from potential spousal claims

4. Privacy concerning the details of his holdings

Reference no: EM133175005

Questions Cloud

What is effect on tse for the exercise of remaining stock : What is the effect on TSE for the exercise of the remaining stock options? Points to be determined. Pics of handwritten solution
Economic and cultural factors of healthcare in china : Question 1: Discuss the relationship between child malnutrition and growth facts in the Chinese healthcare system.
Identifying strengths and weaknesses : Why is it necessary to study team members of the organization identifying their strengths and weaknesses? Team being the operative word.
How much interest income will he report this year : At the beginning of his current tax year, David invests $12,840 in original issue U.S. Treasury bonds. How much interest income will he report this year
Explain the estate planning objectives : Mark, age 60 recently sold his business for $2 Million. For estate planning purposes, he transferred $500,000 of the cash proceeds into a discretionary family t
Traditional commerce focuses on exchange of products : Traditional commerce focuses on the exchange of products and services and includes all those activities that encourage exchange in some way or another.
Top leaders adjust their leadership style : Consider the following statement: "Top leaders adjust their leadership style in order to best influence their followers."
Health policy brief and watch movie contagion : Read the article How to Write a Health Policy Brief, and watch the movie Contagion. This movie is about a contagious disease outbreak.
About evolution of leadership to high school management : Imagine that you have been asked to deliver a presentation about the evolution of leadership to a high school management class.

Reviews

Write a Review

Business Management Questions & Answers

  Determine the amount by which a stock index

Determine the amount by which a stock index future is mispriced if the stock index is at 200

  Identify risks associated with these elements of your plan

Next, identify the risks associated with these elements of your plan. Finally, clearly define risk management and how you propose to implement this process at M&J to protect the bank's investment.

  Discussion of electronic monitoring

Discussion of electronic monitoring, romance in the workplace, employee drug testing, and employee honesty testing.

  Competitive advantage in the british market

Does Channel 4 have a competitive advantage in the British market? In the global market?

  Equipment needed to process recycling materials

What are the equipment needed to process recycling materials? List as many equipment as possible.

  Australian fair work act

Identify five employee rights from the Australian Fair Work Act and explain how you would ensure that the staff regularly review government

  What makes a business decision morally

What makes a business decision morally or ethically right or wrong?

  Operation of emergency response vehicles and equipment

Discuss safety aspects of the operation of emergency response vehicles and equipment. What are the roles of the National Fire Protection Association (NFPA) and other agencies for emergency vehicles and equipment?

  Compensatory metabolic adjustments

Identify and explain the evidence that suggests humans are protected against severe weight loss by compensatory metabolic adjustments more

  Calculate the output that minimizes the firm avc

Suppose that each firm in a perfectly competitive market has a cost of TC = 75 + 500Q - 5Q2 + 0.5Q3

  Capital markets in general and stock markets

It is widely believed in the literature that oil prices can considerably influence the capital markets in general and stock markets in particular. Taking the case of oil importing countries, explain how and why the declining oil prices affect thei..

  Implementation of ethical codes to it professionals

Explain the importance of the development and implementation of ethical codes to IT professionals.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd