The Dynamic Duo: Deferred Inheritance Trust & Enhanced Income Trust
These two powerful trusts are mirror opposites of one another. Properly designed, the Deferred Inheritance Trust pays its income to charity or a family foundation for a term of years or life, then terminates. The trust assets then pass to the heirs, gift/estate tax free. The Enhanced Income Trust, pays its annual income to the family. Upon termination, the trust assets pass to your charity/family foundation.
Deferred Inheritance with Instant Gratification
Jesus tells us that we are to be as shrewd as serpents and as innocent as doves. These two behaviors are not mutually exclusive. Shrewdness is not opposed to honesty, and honesty is not opposed to shrewdness. The best stewardship planning utilizes the epitome of shrewdness while honoring both the spirit and the letter of the laws of our land.
Deferred Inheritance Trust: A Powerful Family Planning Tool
The Deferred Inheritance Trust (IRS named a Charitable Lead Annuity Trust) may be one of the most underutilized Family Wealth Planning tools available.
Combining Compression Planning with Charitable Planning
One of the most effective and creative techniques in Family Wealth Counseling is combining what is called compression planning with charitable planning strategies. Each of these two techniques by themselves is quite effective, but when they are combined, the financial leverage created is hard to believe.
Successful Wealth Transfer
Of all the issues that affluent parents face in planning, none consumes more time and emotional energy than that of inheritances—and for good reason. There is no area of planning that could be more devastating to a family than an ill-conceived or ill-timed inheritance. I have yet to see an inheritance plan with which parents were entirely satisfied when the actual distributions were clearly outlined for them.
Preparing Your Heirs For Their Inheritance
Of all the issues that affluent parents face in planning, none consumes more time and emotional energy than that of inheritances—and for good reason. There is no area of planning that could be more devastating to a family than an ill-conceived or ill-timed inheritance. I have yet to see an inheritance plan with which parents were entirely satisfied when the actual distributions were clearly outlined for them.
Building a Strong Family Tree
Of all the issues that affluent parents face in planning, none consumes more time and emotional energy than that of inheritances—and for good reason. There is no area of planning that could be more devastating to a family than an ill-conceived or ill-timed inheritance. I have yet to see an inheritance plan with which parents were entirely satisfied when the actual distributions were clearly outlined for them.
Sandcastles
The house I am suggesting that we need to be keeping is not the one made of wood and bricks that contains our stuff, but the one made of flesh and blood that houses us and the Holy Spirit. Paul tells us in I Corinthians 3:16 (ESV), Do you not know that you are God’s temple and that God’s Spirit dwells in you?
Giving as an Act of Worship
The house I am suggesting that we need to be keeping is not the one made of wood and bricks that contains our stuff, but the one made of flesh and blood that houses us and the Holy Spirit. Paul tells us in I Corinthians 3:16 (ESV), Do you not know that you are God’s temple and that God’s Spirit dwells in you?
Stewarding Our Relationships
The house I am suggesting that we need to be keeping is not the one made of wood and bricks that contains our stuff, but the one made of flesh and blood that houses us and the Holy Spirit. Paul tells us in I Corinthians 3:16 (ESV), Do you not know that you are God’s temple and that God’s Spirit dwells in you?