Tax, Estate, and Lifetime Planning for Minors - 2nd Edition - Carmina Y D'Aversa

Tax, Estate, and Lifetime Planning for Minors 2nd Edition Carmina Y D'Aversa ISBN 9781641053891

Focusing exclusively on the unique challenges of planning for minor children, this updated edition addresses the many complex issues adults must consider, including taxation, education funding, insurance, disability planning, and preparation for an adult’s incapacity or death. Blending core legal principles with practical guidance, Tax, Estate, and Lifetime Planning for Minors is an essential resource for attorneys advising clients on estate and financial planning matters involving children. Like the first edition, it serves as a reliable reference for both experienced practitioners and general or novice attorneys handling their first estate plan involving minors.

Drawing on the expertise of leading professionals in taxation and estate planning, the book opens with a clear overview of federal estate and gift tax laws and foundational planning principles. Subsequent chapters examine the most critical aspects of planning for younger family members and dependents, including:

• Life insurance strategies, taxation, and irrevocable life insurance trusts

• Funding and planning for education expenses

• Arrangements for daily care in the event of an adult’s incapacity or death

• Special needs trusts and planning considerations for children with disabilities

• Transfer and management of retirement benefits

• Planning considerations for children born through assisted reproductive technologies

• Management of a minor’s digital assets in the event of disability or death

Because effective tax planning often depends on state law, relevant chapters include organized summaries of current state provisions. The book also addresses key non-tax considerations essential to comprehensive planning for minors. Extensive appendices provide sample forms, state-by-state charts, exhibits, and additional resources, all available for download through a dedicated online website.

Tax, Estate, and Lifetime Planning for Minors 2nd Edition Carmina Y D'Aversa ISBN 9781641053891, 978-1641053891 & 9781641053907

Editor
Carmina Y D'Aversa